Welcome to the online version of The Southern Wells Circular, a collaboration of the students involved in Year Book.
Monday, September 19, 2011
What Is Going On?
Gas…why are you so expensive? Many students here at S.W. drive daily to school and back home. To sporting events and to work, and the one time that we quench is when we need to fill up. Gas right now is at a steady $3.79/gallon in many areas around here and, fortunately, that seems to be a consistent price. While it’s not as bad as it used to be, it’s still pretty hard on most of us middle class people. I personally despise going to the pump. I drive a Ford F-150 and let me tell you, a full tank is not cheap. It takes $80 for a full tank of gas and for many others with larger or older vehicles, it’s even more. You can blame a large portion of the price increase on the conflict in Libya. Libya produces 2% of the worlds’ oil which is about 1,758,000 barrels a day. Luckily the conflict is in what seems to be its final stages, so that means they will start producing more barrels. Another reason is, there has been a lot of activity in the tropics. Thus far there have been two hurricanes and ten tropical storms with many of them forcing companies to evacuate there workers, thus halting production. Hurricane season ends November 30th so production will definitely increase before the years end. So the big picture is oil production is down throughout the world because of rebellions and tropical storms causing gas to go up from $3.68 to $3.79 but it’s not as bad as it used to be in ‘08 when we had to pay $4.00 a gallon.
By: Austin Hampton
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