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Why are gas prices high?

Why are gas prices high?

How Congress can take on high gas and food prices 

Over the past 15 months gas prices in North Carolina have steadily risen to above $3.50.  That’s up more than $1.30 since early 2007.  Many hard-working North Carolinians with bills to pay are cutting back in other areas as the cost of filling up spirals higher and higher.

 

And it’s not just gas prices.  Food prices and other consumer items have risen right alongside the price of gas.  I know this is taking its toll on everyone’s finances. 


Over the past year the price of many basic food items has increased dramatically.  The cost of wheat has almost doubled, milk increased 26 percent and the price of eggs jumped 40 percent.  These increases translate into higher prices at the checkout. 


While there are many factors behind the exploding price of gas and groceries, there are some underlying issues that could be addressed by Congress.  Click here.Click here to read more.


Click here.Click here for gas saving tips, or visit Click here.www.fueleconomy.gov.

 

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