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Re: Gas Prices
Supply is not keeping up with demand. That is the basic reason. While demand in the US took a small dip, increases in worldwide demand make that a very minor point.
While Mexico's production is in decline, it is also consuming more each year. Estimates are that Mexico will no longer be exporting any oil around 2012 as their demand reaches the level of their production.
What I am doing to alleviate the pump prices? Nothing I haven't already done. Bought a Prius (2 actually if you count my wife's car) last year. This cut my gasoline bill in half. So until gasoline goes north of $5 - $6 I am spending less than I did prior to my Prius purchase.
I do limit my driving and combine errands when I can. However, that is not due to pump prices. That is just because I wish to use less oil.
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"Treat the earth well: it was not given to you by your parents; it was loaned to you by your children. We do not inherit the earth from our ancestors, we borrow it from our children.
(Ancient Indian Proverb)"
1874 engraving of Mount Hood and the Columbia River by R. Henshel Wood
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