Tuesday, February 19, 2013

Gas Prices Rise For 32nd Consecutive Day

The Wall Street Journal: "The national retail gasoline price has risen 43 cents, or 13%, to $3.73 a gallon since Jan. 17, according to the Automobile Association of America. Refinery shutdowns have 'led to tighter supply, which also has driven up prices,' said AAA spokeswoman Heather Hunter."

Whenever gas prices rise, rising unemployment rates follow:

As more money is spent on gas for the same amount of fuel, less money can spent for other goods and services. When less money is spent for American goods and services, American companies must let employees go.

None of this has to happen. We can strip oil of its strategic status and allow our economy to thrive by introducing fuel competition.

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