By Jennifer Martinez |Staff Writer| President Barack Obama proposed a $10 per-barrel charge on oil, which will be addressed in his final budget request next week, according to CNBC.com. This new tax on oil would be gradually introduced over the next five years if it is approved by Congress. Oil companies will be responsible for paying these fees. “I think we will look back and say, “that was a smart investment,” said Obama during a news conference on Feb. 5. The main priority of this new oil charge is to reduce carbon emissions and the use of fossil fuels from the nation’s transportation system. About 30 percent of the nation’s greenhouse gas emissions come from … [Read more...] about Oil tax for environmental health
gas prices
Gas prices: Increasing or decreasing?
By Danni Ybarra |Staff Writer| “Get ready for $10 [per barrel of] oil” and a decrease in gas prices, according to Yahoo Financial. Yahoo Financial reports that the rise in U.S. oil production (due to hydraulic fracking and horizontal drilling) and output, as well as other factors such as more environmentally friendly cars, is lowering our demand for foreign oil and therefore putting a large strain on the global oil market and in turn lowering prices. These factors are what will likely help bring down the price per barrel to anywhere between $10 to $20, claims Yahoo Financial. However, some are not so convinced. Both NBC News and The Wall Street Journal report that gas … [Read more...] about Gas prices: Increasing or decreasing?
Gas prices at their lowest since 2010
By Marlyn Rodriguez |Asst. Managing Editor| Gas prices have been on a steady drop for months leaving prices at their lowest rate since 2010, leading to an increase in consumer spending during the holiday season. Sixty percent of gas stations in the U.S. are selling gasoline at lower than $3 per gallon. The cheapest place that sells gasoline is in South Carolina or Tennessee, where the state average is $2.75 per gallon, according to The Washington Post. Food, shelter and medical care have all been increasing while gas prices are rapidly decreasing. Reports show that low-income Americans spend about 13 percent of their income on gasoline. Some contributors to the sudden … [Read more...] about Gas prices at their lowest since 2010
Gas prices up 83% since 2009
By Brenda Acuna |Staff Writer| Unless you drive a Prius, Southern Californians have a lot to complain about in terms of gas prices. With the average price of gasoline at $4.282 in the Inland Empire, the holes in my pockets keep getting deeper and deeper. As a daily driver and commuter to CSUSB, I drive roughly between 80-100 miles a day. I commute five days a week to school and I absolutely hate having to spend so much on gas. I drive a fuel efficient 2012 Honda Civic and I still have to fill up my gas tank every 3-4 days. According to a AAA report, gas prices have risen for 32 days straight, and show no signs of abating. There are plenty of news reports attributing the … [Read more...] about Gas prices up 83% since 2009
Gas prices skyrocket 60 cents in the past month
By Mariela Limon |Staff Writer| Gas prices have gone up nearly 60 cents in the last month in Southern California, making it one of the biggest spikes in recent time. The increase in gas prices has made the national average price increase to $3.778 for regular and $4.074 for premium, according to AAA’s Daily Fuel Gauge report. According to AAA’s Club of Southern California’s Weekend Gas Watch, “Southern California gas prices have now spiked by 57 cents or more in the past month – one of the biggest one-month jumps ever. The state average is $4.203 a gallon for regular today – 11.6 cents higher than last week.” California is notorious for being one of the most priciest states for … [Read more...] about Gas prices skyrocket 60 cents in the past month
Avoid pain at the pump with a few simple steps
By Megan Davis |Staff Writer| Temperatures have begun to drop and everyone will soon be getting in the holiday spirit in anticipation of Halloween and Thanksgiving. One not so pleasant change however is the sky-high gas prices that seemed to erupt overnight. The Los Angeles Times reported that the rise of gas prices is due to the temporary power failure of Exxon Mobil Corp, a refinery in Torrance that did not resume production until Oct. 5. Another key refinery was forced to cut back on production when it experienced a major fire in August. High gas prices are of particular concern for many of our students that make the daily commute to campus. With the already enormous cost of … [Read more...] about Avoid pain at the pump with a few simple steps
Gas prices go through the roof
By Brenda Acuna |Staff Writer| The Commerce Department announced Sep. 28 that U.S. consumer spending has reached its highest mark in six months, thanks in large part to higher gas prices. According to the government report, consumer spending rose from 0.5 percent in August from July and had risen 0.4 percent in July, making it the largest jump since February. "The U.S. personal income and spending data for August are worse than the headline figures suggest and indicate that subdued jobs growth is hitting incomes," said Paul Dales, a senior economist with Capital Economics. The increase, "was largely due to extra spending caused by the surge in gasoline prices." Despite the … [Read more...] about Gas prices go through the roof
Gas prices driving students to stay on campus
By Dominique Sterling | Staff Writer| It is hard already for us students to worry about exams, school expenses and making the grade etc. tacking on another worry is more add stress. I frequently find myself worrying if I’m going to make it to class on time, now the worry is more will I make it to school at all. Within the last 2 weeks gas prices have made a drastic jump. With the hike in gas prices have risen to over $ 4. According to CNN Money.com, the nationwide average a month ago was $3.45 per gallon. It was also stated that prices have jumped 14 percent so far in 2012. Although the average price is down 37.3 cents from the record high of 4.11 cents in 2008, filling up … [Read more...] about Gas prices driving students to stay on campus
Gas busters: ways to get more bang for your buck
By Kati Patag |Staff Writer| We are all in this together. Unfortunately, the rise of gas prices is not something that we would like being a part of, but we are. There are many myths out there about how you can save gas and get the most mileage out of your car, and without thinking we all employ at least one of these many myths that we think save time and money. For starters, turning off your air conditioner in the summer time, thankfully, does not save a ton of gas, therefore, we can drive comfortably knowing that we are not using excess gas and we are not over heating ourselves. According to Yahoo!, Consumer Reports auto testing has proven that running the air uses an … [Read more...] about Gas busters: ways to get more bang for your buck