Rising Prices In Gasoline

NPR's John Ydstie reports on the steep upward trend in retail gasoline prices and the political debate over the implications. Prices at the pump have risen quickly to around a $1.60 a gallon, compared to less than $1 a gallon a year ago, and they show no signs of stabilizing. Congressional Republicans are suggesting that part of the federal gasoline tax be suspended, an idea which Democrats say would not solve the problem. There also are suggestions that the federal petroleum reserve should be tapped to make up for the current shortage of crude oil.

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