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Diane Publishing Books
Rising Gasoline Prices 2012
Neelesh Nerurkar (au); Robert Pirog (au)
Average gas prices have increased by 46Ś˘ to $3.78 per gallon between the end of Dec. 2011 and the end of Feb. 2012. This is 20Ś˘ higher than the 2011 avg. gas price of $3.58 per gallon. In the first half of 2011, unrest in the Middle East and North Africa contributed to higher crude oil prices, which pushed gas prices higher. In early 2012, tensions with Iran contributed to rising prices. Contents of this report: (1) Background; (2) Why Gas Prices have Increased: Why Crude Oil Prices Increased; Refinery Closures; (3) Short Term Policy Options are Limited: Strategic Petroleum Reserve Release; Gasoline Excise Tax Holiday; Relax Fuel Specäó»s.; Restricting Refined Product Exports; Limit Financial Speculation; Diplomatic Measures. Illus. A print on demand pub.
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