Economic Woes and Gas prices

Paper Summary:

Over the past few years, the American economy has seen a gradual rise in gasoline prices. The paper examines factors that, in the author's opinion, contribute to these price increases and then attempts to explain them.

From the Paper:

"American's made a conscious choice to buy the cars that they did. In the early 2000s everyone was so apt to go for the big SUV, feeling that they were safer and more reliable than regular cars. Sadly at that time, automakers had shifted their focus to SUVs insuring that they were exactly that. There was no emphasis placed on fuel economy or otherwise. However the entire picture was not presented--at least not accurately.
"The commute has changed. The daily dynamic has changed. Suddenly global warming and the environment have been pushed to the forefront. Slapped in the face, America has decided to forge ahead once again as an innovator and develop other means of conveyance and supplant its dependence on oil--foreign or otherwise. Alternative means of fueling our daily lives--as well as our economy--are hopefully the means to put the American economy back on top. Similar to the industrial revolution and the silicone explosion, leading the way in alternative fuel technologies can--and will--be the way for America to regain its technological supremacy."

Sample of Sources Used:

• ZFACTS.COM, Knight Ridder Newspapers, 4/25/06. Kevin Hall

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