Word: gal
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...Schupp is looking on the bright side. With gas at the pump now topping $2 a gal. in his neighborhood and seemingly headed higher, he figures it's payback for all those insufferable, phony-rich, new-economy yuppies in their view-blocking, death-dealing, friend-of-OPEC SUVs. "Gas will probably go to $3, and I applaud it," says the retired computer-company executive as he fills the tank of his light pickup truck at a station in Los Angeles. "I'd like to see all gas guzzlers off the road...
...just in gasoline but in heating oil, natural gas and electricity--are a state of mind across the land, and most folks aren't appeased by Schupp's silver-lining view. Gasoline at the self-serve pump, for example, sells at a national average of more than $1.70 a gal.--up 5% in the past two weeks. That's an all-time high, although when adjusted for inflation the price is still lower than 1981's by about $1. But it follows a winter in which many homeowners saw heating costs soar more than...
...gasoline, Bill Veno, director of the Global Oil Practice of Cambridge Energy Research Associates, says changing market conditions can't sustain gas at $2 a gal., never mind the $3 that alarmists are bandying about. "We believe gasoline prices may well have peaked, and could come down," he says, noting that refineries are running flat out and inventories have begun to build...
...Secretary of Energy Spencer Abraham acknowledges that the new policy won't do much now, but he insists that those short-term issues will be addressed "on a separate track." His department is investigating reports that gas-station owners have been told to expect $3-a-gal. prices this summer. Those rumors, Abraham suggests, might be evidence of price gouging. "Rumors become self-fulfilling prophecies," he says...
Average annual CO2 reduction: about 2,500 lbs. if your new car gets 10 miles per gal. more than your...