Well, the cost for a barrel of oil hit record highs. What’s this going to mean for us motorists?You’ve probably already guessed. Prices for a gallon of gas are approaching or in some areas have surpassed the $3.00 a gallon mark. Some experts are predicting $4.00 a gallon by memorial day.
I know there are alternative fuels we could be using now. Some auto makers have built hybrid vehicles and there have been commercials on TV that advertise green & yellow fuels, fuels made from plants such as corn and sugar. So why haven’t these forms of fuels used more than they are now. Do gas prices need to go higher? Are there large corporations and political interests holding these alternatives back?
I wish I knew the answers.