Word: gallons
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Dates: during 2000-2009
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...wasn't clear before it should be now: the Bush Administration can't afford to attack Iran. With gas already at $4 a gallon and rising almost every day, Iran figuratively and literally has the United States over a barrel. As much as the Administration is tempted, it is not about to test Iran's promise to "explode" the Middle East if it is attacked...
...Four-dollar-a-gallon of gasoline only reflects $100 oil because the refiners' margins are squeezed," he said. "At $300, you have $12 a gallon of gasoline and riots in Newark, Los Angeles, Harlem, Oakland, Cleveland, Detroit, Dallas...
That's a deal worth taking: a two-cent-per gallon increase in gasoline prices each year between now and 2030, according to an EPA report, in return for deep reductions in gasoline consumption. But with gasoline at $4 a gallon and rising, this was a terrible time to ask panicky voters to think about such a deal. And the Republican leaders were only too happy to exploit the high cost of energy. A G.O.P. strategy memo made public by Democratic leader Harry Reid summarized it this way: "The goal is for a theme (example: climate bill equals higher...
Reid brought the bill to the floor despite the exquisitely bad timing because climate change is his top domestic priority and because the issue won't be any easier to debate when a gallon of gasoline costs $5 or $6. Barack Obama was busy clinching the nomination and didn't show up for the debate (neither, for that matter, did John McCain). So, for the first couple of days of the fiasco, as the Republicans deployed parliamentary delay tactics and trotted out bogus studies that "proved" the bill would wreck the economy, the story line seemed to be this: What...
...year, crude oil cost a little more than $30 per barrel.3 Since then, crude oil prices have increased more than fourfold, proportionally about as much as in the 1970s. Now, as in 1975, adjusting to such high prices for crude oil has been painful. Gas prices around $4 a gallon are a huge burden for many households, as well as for truckers, manufacturers, farmers, and others. But, in many other ways, the economic consequences have been quite different from those of the 1970s. One obvious difference is what you don't see: drivers lining up on odd or even days...