High Gas Prices Last Year May Not Be Anomaly

Posted by Steven Russolillo on May 26, 2009
Economy, Oil

Everyone was worried about gas prices last summer when they surpassed $4 a gallon.

“You couldn’t walk the halls of Congress without hearing lawmakers crying out for a new energy policy,” Rep. Carolyn B. Maloney (D-NY) writes on a Washington Post blog.

“What a difference a year makes.”

But last year’s high gas prices weren’t an anomaly, she argues, and lawmakers can’t remain complacent as the price of oil starts creeping back up.

“We must implement long term changes in energy policy now to move American beyond oil and into a  vibrant and diverse 21st century energy economy,” Maloney says. “If we don’t, then the pains of last summer are an all too likely future.”

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