Examiner
In Sept. of 2008, gas prices reached a median record high of $3.84 per gallon, peaking just before the economic crash
and credit crisis in the economy and banking system. Two years later,
as the recession hit full steam in the U.S., and oil prices dropped down
to $35 a barrel, the price of a gallon of gas had fallen back under $2.50.
However, since reaching that bottom in 2010, gas prices across the
country have been climbing steadily higher, even as fuel consumption by
most Americans has remained low. Now, just two years later, these same
economic indicators are mirroring those of 2008 , and gas prices on
Sept. 1 are once again nearing record highs, foreshadowing a potential
new economic crash.-[Full Article]
