Current Event (Gas)

http://money.cnn.com/2007/03/12/news/economy/gas_prices/index.htm?postversion=2007031215

According to the nationwide Lundberg survey gas prices nationwide are at a average of $2.55 a gallon. Gas prices jumped up 20 cents a gallon in the past 2 weeks. The pricest mostly rose because of demand but also because the waterways used to transport ethanol are frozen. Ethanol is a gasoline additive that makes gas cleaner burning. Gas has been running 5 percent above the average for the past 5 years. A energy trader by the name of Newman Bakarat stated gas can top its all time high of $3.06 this summer. According to a recent study from Cambridge Energy Research Associates the number of miles the average American drove last year dropped to 13,657 and was the first decline in 25 years.