Question of the Day
Pain at the Pumps in California — Could It Spread East?
Economists say some of the contributing factors to California's recent spike in fuel costs could happen in other areas of the country. Should the government intervene to help bring gas prices down nationwide?
Time for another Midtown Patch Question of the Day as Californians are in shock at the recent spike in fuel prices, with many pumps already registering more than $5 and even $6 a gallon. While most of us in the rest of the country breathe a sigh of relief that we don’t live there right now, economists are warning it might not be a good idea to get too complacent. According to a story in MSN Money, the scenario that set up California for its current gas woes is one that could happen anywhere in the U.S. Some of the reasons cited are an Aug. 6 fire at Chevron, a power failure in Southern California and a Chevron pipeline that was shut down. According to MSN Money, these are all things that could have a similar impact on the fuel cost …
