Three Ways to Lower Gas Prices

by sfgate.com

San Francisco, California

The stock market started off 2012 with a strong rally, but so did gasoline prices. The January increase was listed as one of the steepest ever and had market forecasters calling for prices as high as $5 per gallon at some point in 2012. The average price of gas has yet to reach that price, based on a national average, but it could still happen if the summer driving season comes in more active than expected, or if Middle East tensions increase again.

With the presidential election set for later this year, politicians are getting active in advocating ways to lower prices at the pump. Below are three ways that Obama could advocate to lower gas prices. The short-term impact might be minimal, but it could help the U.S. lower prices over time and also depend less on more volatile supplies.

Push Toward Domestic Energy
In March 2011, the White House released some details on a plan to secure the nation’s energy future. Its first point was to expand domestic oil and gas production. Hydraulic fracturing, or fracking, is a technique that sends a mix of water, chemicals or sand into the ground to break apart rock and release gas. Drilling for oil can be done in a similar fashion that utilizes new techniques and technologies that allow for the oil to be extracted from wells that were thought dry under older methods.

Read more…

Advertisements

About smartspending5

I am business-minded college student who has a heart for helping others attain emotional independence and psychological stability. My background lies in Broadcasting, network marketing, and Human Services. I believe that crises and extreme stress is necessary for one to grow and figure out what matters in life (Tony Robbins). This keeps me going when frustrations arise in my business. View all posts by smartspending5

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: