By Danny Pollard February USA- Nothing reminds us of how dependent we are on oil from Northern African and the Middle East more than sharp increases in the price of gasoline at our local service station. Events that are occurring halfway around the world have a direct connection to our pocket books in the United States and it hurts.
Unrest in Libya as the population there has taken a cue from citizens in Egypt and are moving to oust their leader of 40 years, Muammar Abu Minyar al-Gaddafi. Although we are far removed from the actual unrest we see it when driving by the signs at the gas pump as some will increase from the time we drive by on the way out from home and come by on the way back.
An article titled "Gas prices keep rising in Dallas-Fort Worth, with no relief in sight" by Elena Harding, Jessica L. Huseman and Amber Bel February 23, 2011 and published on the Dallas News .com website detail the rising gas price issue in Dallas-Fort Worth, Texas. That article was a few days ago and prices are even higher now.
Effect Of Fuel Prices On Economic Recovery
As gas prices increase, the amount of money available to spend on other things will decrease and that means the economic recovery will slow down. If gas prices hit $5 dollars a gallon it will be like throwing cold water on other spending. Not only will the price of filling personal gas tanks go up, but the price of fueling delivery trucks will increase also. Increased cost to deliver everything from food to tires will be passed on to consumers. We must hope that stability returns to those troubled areas that we depend on to keep our country moving.
Time To Break Our Foreign Oil Addiction
Will this become just another drill in complaining about the price of gas or will this be the opportunity to begin to turn the page on our oil addiction. Technology has zoomed forward in many areas such as computers and cell phones, but automobiles are using the same engine and fuel technology as 100 years ago.
Unrest in Libya as the population there has taken a cue from citizens in Egypt and are moving to oust their leader of 40 years, Muammar Abu Minyar al-Gaddafi. Although we are far removed from the actual unrest we see it when driving by the signs at the gas pump as some will increase from the time we drive by on the way out from home and come by on the way back.
An article titled "Gas prices keep rising in Dallas-Fort Worth, with no relief in sight" by Elena Harding, Jessica L. Huseman and Amber Bel February 23, 2011 and published on the Dallas News .com website detail the rising gas price issue in Dallas-Fort Worth, Texas. That article was a few days ago and prices are even higher now.
Effect Of Fuel Prices On Economic Recovery
As gas prices increase, the amount of money available to spend on other things will decrease and that means the economic recovery will slow down. If gas prices hit $5 dollars a gallon it will be like throwing cold water on other spending. Not only will the price of filling personal gas tanks go up, but the price of fueling delivery trucks will increase also. Increased cost to deliver everything from food to tires will be passed on to consumers. We must hope that stability returns to those troubled areas that we depend on to keep our country moving.
Time To Break Our Foreign Oil Addiction
Will this become just another drill in complaining about the price of gas or will this be the opportunity to begin to turn the page on our oil addiction. Technology has zoomed forward in many areas such as computers and cell phones, but automobiles are using the same engine and fuel technology as 100 years ago.
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