Why Are Gasoline Prices Going Up So High?

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did not that
long ago." What does this mean? This means that gas prices should logically go
up. It's the basic law of supply and demand. It's true that more Americans are
driving, but the gasoline suppliers still deserve to get paid fairly.

And what about inflation? Well, when you take inflation into account, the price
for gasoline is less now than it was forty years ago. Just another example of
how Americans are spoiled brats.

According to Charles Krauthhammer of the May 6, 1996 issue of the Washington
Post, increases in gasoline prices aren't as simple as supply and demand. He
feels that there are short run and long run reasons for the increasing prices.
On the short run, we can thank an extra long winter for using up a lot of our
gasoline reserves. For the long run, we can thank car loving American drivers,
who like to go really fast and really far in their fancy sport cars that get
terrible gas mileage.

Another reason for an increase in price, is that U.S. ...

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