CornellSun.com Topic

gas price

As Gas Prices Rise, C.U. Works To Limit Consumption of Fuel

Chris J. Kim  —  Sep 24, 2008

Although skyrocketing gas prices have made headlines and worried consumers recently, Cornell’s fuel-related projects have pushed ahead without notice as the school year eases into rhythm.

Rising fuel costs — while a major concern for the general public — are not the primary motive behind many of Cornell’s green initiatives designed to cut emissions and reduce fuel usage.

“It’s more of an environmental issue than a monetary one,” said Director of Transportation David Lieb ’89. “One of President Skorton’s major policies for the University is to be at the cutting edge of green technology.”

Bush Looks Offshore for Remedy to High Oil Prices

The Associated Press  —  Jun 18, 2008

WASHINGTON (AP) — For a quarter-century, drilling for oil and gas off nearly all the American coastline has been banned in part to protect tourism and to lessen the chances of beach-blackening spills.

Then gasoline prices topped $4 a gallon this summer. Drivers and others began clamoring for federal lawmakers to do something about the record price of oil, much of it produced in foreign countries.

Gas Hits National Average of $4 for the First Time

The Associated Press  —  Jun 8, 2008

NEW YORK (AP) — Drivers are paying an average of $4 for a gallon of gasoline for the first time.

AAA and the Oil Price Information Service say the national average price for a gallon of regular gas rose to $4.005 overnight from $3.988. But consumers in many parts of the country have already been paying well above that price for some time.

Gas is expected to keep climbing, putting greater pressure on consumers and businesses, because the price of oil is soaring in futures markets. Light, sweet crude shot up nearly $11 a barrel Friday and approached $140 for the first time.

Along with higher fuel costs, consumers are also contending with higher prices for food and other goods because of rising transportation costs.

Syndicate content