Unformatted text preview: hands on it. Demand for the precious resource is through the roof. Oil is needed for industry, and automobiles – things that even leading developing countries require. Refining the oil adds as much as 50% to the price. Because the United States does continually less of its own refining, this cost is ever growing for us. The EPA’s stricter regulations have made oil less profitable to refine stateside. Also, hurricanes Katrina and Rita’s significant damage to oil refineries in the gulf haven’t helped any. The good news is, that there are things that can be done to help alleviate the cost, if only minimally. You can drive slower, trade you SUV in for a smaller car, try not to accelerate quickly, drive in a high gear and coast whenever possible. Beyond these minimal steps, gas prices are out of our hands....
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- Spring '08
- GAS PRICES, 1973 oil crisis, Refinery