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Right now our economy is not doing well and these gas prices are hurting it even more. Think of all that money Americans would spend else where if they didn't have to spend it at the pump. Mark Zandi, chief economist at Economy.com, confirms this by saying, "Consumers are now responding differently this year than they did last year when prices were high. They are fundamentally changing their spending. I think we'll begin to see the effects on spending in the second quarter" (Energy Information).
Why has there been a sudden increase in gas prices? I was wondering about that myself and it appears to be because the world is demanding more gas then it ever has before...
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