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Price of Gas Still Rising

Posted by Michael Link on March 31, 2008 at 05:07 PM

The price of a gallon of gasoline increased to yet another "new high" of $3.29 -- that's 3.1 cents more in one week. Just looking not-so-far back, on January 17, 2005, when Bush began his second term, the average price was $1.84 a gallon.

Obviously, there are some implications here for what's expected to be in store for oil company executives as they testify before Congress tomorrow.

More:

[Rep.] Markey has pointed out that even though Exxon earned a record $40.6 billion in 2007, oil companies have opposed a push by congressional Democrats to strip about $18 billion in tax breaks from big oil companies and put them toward planet-friendly energy alternatives like wind and solar.

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