Rising Gas Prices Take their Toll
Gasoline prices are becoming exceedingly high for the United States. The highest price for gas right now is at $3.94 in the state of California. What does this mean for the future of motorists using gasoline powered vehicles and what does this mean for the future of the oil companies? All I know is that it is becoming too much of a strain on the public's wallet to be paying so much for gasoline. Alternatives should be strongly considered in order to avoid losing one's paycheck at the pump.
Gasoline prices in our fair city of Laredo, Texas are at a whopping $3.39. While we may not be paying as much as California, we are still having to struggle with trying to get from point A to point B. According to CNN Money, a 10.39% of the income of those living Texas is going towards paying for gas. With the economy still in shambles, and the rising gas prices, it seems the American public cannot catch a break. However, we can take solace in the fact that economists say this will unlikely derail us from bettering our economy. If the spikes in gas prices do not rise beyond means; the economy may still be on the road to recovery. As a state we are facing we may be facing a substantial hit in our wallets, but that is nothing compared to those living in the state of Mississippi. They are facing a 13.20% hit in their incomes just for gas. According to CNN Money, Mississippi is a state with one of the lowest paid families. California however is paying $3.94, but that's only 7.77% of their income. However, when it comes to the citizens of Laredo, they are not happy with the gas prices rising.
Hard working citizens are finding it completely unbearable. People now have to consider thinking of ways to pay not only bills, but for gas. This is may not be a new issue, but let's face it. It's starting to hit the American people hard. Brenda Scribner, retail store manager, goes to say "The gas prices are ridiculous and not only are the gas prices going up, but so is the food." She continues to say "I'm not struggling to pay bills anymore, but now I'm struggling to pay for the gas in my car."
All in all these rising gas prices are becoming too much to handle. What does this mean for the automobile industries? Does this mean people will start to consider alternative fuels and will car companies be willing to make cars that run on alternative fuels? There are so many questions about the future of our nation and our dependency on gasoline. Seems to me that now the Metro bus doesn't look so bad as it did before. Now public transportation looks like a great way to save money and maybe even ease up on the pollution. We can only hope that the future will bring us new ideas and rid of us of our dependency on gasoline.
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