In the last month, gas prices in Georgia have gone up 20 cents. In
the last three years, prices at the pump have steadily risen an extra $2 a
However, the roller coaster ride started in July 2008 when people
were paying a little over $4 for a gallon of gas.
Then, the great recession began and prices hit an average low of
$1.48 in January 2009.
Compared to that price, if you fill up your 12 gallon tank once a
week, you are paying an extra 1,248%.
Who is to blame for these prices? Oil companies love to talk
about Israel and Iran while some blame the President. But, the facts are Exxon Mobile's
profits were up about 50% over the previous year. Profits in 2010 were $19
billion and $30 Billion in 2011. So, part of the blame could go to
federal regulators who, 13 years ago, let #1 Exxon and #2 Mobile merge.
But, if you think gas is expensive here, we've actually got it
good compared to many other companies.
Canada's average is a dollar more than the U.S. Italians pay
nearly $6.00. The big differences are steep fuel prices.
On the other end, in oil-rich Saudi Arabia, motorists pay $0.90
per gallon. The lowest price of a gallon in the world is $0.12 in
Sunday, May 19 2013 10:07 AM EDT2013-05-19 14:07:39 GMT
From the Tyler Police Department: TYLER, TX (KLTV) - On Saturday at approximately 8:50 p.m., police responded to a pedestrian accident that occurred in the 2300 block of West Erwin Street in Tyler. UponMore >>
The pedestrian was immediately transported to East Texas Medical Center with life threatening injuries, where he later died from his injuries.More >>
It's been less than 10 months since the world record for a lottery prize. On Saturday night, it could conceivably fall once again.More >>
It's all about the odds, and one single ticket in Florida has beaten them all by matching the numbers drawn for the highest Powerball jackpot in history at an estimated $590.5 million, lottery officials disclosed Sunday.More >>
Inmates at jails in Indianapolis, Baltimore, St. Louis and Philadelphia face the nation's highest levels of sexual abuse at the hands of guards, according to a new federal report based on surveys of inmates at...More >>
Inmates at jails in Indianapolis, Baltimore, St. Louis and Philadelphia face the nation's highest levels of sexual abuse at the hands of guards, according to a new federal report based on surveys of inmates at U.S. jails.More >>