Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Tuesday, October 16, 2012

No New Refineries/Pipelines = Higher Gas Prices

No New Refineries/Pipelines = Higher Gas Prices

Washington Examiner
In December of 2008, when then-Lawrence Berkeley National Laboratory Director Steven Chu told the Wall Street Journal that "we have to figure out how to boost the price of gasoline to the levels in Europe," the average gallon of gas cost about $1.75 in the United States and about $7.00 in Europe.Today, less than four years into Chu's reign as President Obama's secretary of energy, Chu's home state of California is more than halfway to his stated goal. This week, the average gallon of gas is selling for $4.66 in California, according to the Energy Information...http://washingtonexaminer.com/examiner-editorial-gas-prices-soar-for-lack-of-new-refineries-and-pipelines/article/2510786#.UH4YLxjy-pJ

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