Wednesday, February 22, 2012

Gas Prices

I just heard an interesting news story on NPR about why gas prices are going up. No, they didn't blame the President so settle down. Yes, the sanctions in place to hamper Iran from exporting its oil has lowered global supply, but it turns out the U.S. is actually exporting more oil than we're importing because of the low cost of natural gas in the U.S.  Additionally, they said a bunch of oil refineries have closed this year.  Quite interesting.

No comments: