Reasons Why Gasoline Prices are so High
Posted by Timothy Haves on Mar 7, 2012 in Blog | Comments Off on Reasons Why Gasoline Prices are so High By. Richard Heinberg Source: Post Carbon Here in northern California gasoline is now retailing for $4.20 a gallon. Prices haven’t been this high since mid-2008. Forecasts for $5 per gallon gas in the US this summer are now commonplace. What’s driving prices up? Most analysts focus mostly on two factors: worries about Iran and increased demand from a perceived global economic recovery....read more