Gas price spike: Who’s to blame and how can we fix it?
Americans are watching closely: $4.48 in Georgia. $5.05 in Ohio. $6.44 in California. Week by week, the numbers at gas station pumps have been rising.
Residents of other countries are used to higher prices, generally over $10 a gallon in Hong Kong and around $7 to $9 in most of Europe. But the United States has long counted on comparatively cheap gas to fuel a car-centric economy.
Average U.S. gas prices hit an unprecedented $5.01 on June 15, an upward trend that is contributing to a 40-year high in inflation. To slow inflationary pressure, the Federal Reserve hiked
