- Few Southeast students face suspension, expulsion for sexual assaults, campus paper finds (4/25/17)5
- Perryville family organizing bone-marrow drive Friday for ailing 6-year-old boy (4/26/17)
- Woman battered after smashing boyfriend's meth pipe against wall, police say (4/25/17)1
- Pilot House goes smoke-free (4/23/17)10
- Temptations bassist dies after Cape Girardeau show (4/26/17)2
- Event includes the first public tour of 200-year-old Elmwood Manor (4/23/17)3
- BBB warns Jackson man's online business might not be legit (4/24/17)
- Cape couple turns their home into cozy, comfortable music venue (4/24/17)
- Cape councilman Bob Fox to run for mayor (4/21/17)5
- Sikeston man charged in shooting death of Cape man (4/23/17)
Few topics get folks as fired up as high gas prices. And with the current unrest in the Middle East, among other factors, driving oil to record highs, many are asking for answers.
According to GasBuddy.com, gas prices in Missouri have increased about $0.36 over the past month and about $0.82 over the past year.
With much of the country's oil coming from imports, U.S. energy costs are relatively volatile. Proof of this is the turmoil in Libya. While Libya only produces about 2 percent of the world's oil supplies, the unrest has had a significant effect on gas prices. It's this dependence on foreign sources of oil that have many people saying we need more domestic drilling as well as more refineries.
This week the federal government approved its first new domestic drilling permit since the moratorium on drilling in the Gulf of Mexico was lifted last October. Although that's a start, it's far from where the country needs to be with regard to oil production.
While we certainly need to move toward alternative sources of energy, the fact remains that oil is a major component of our economy. Banking on foreign sources of this commodity will only exacerbate the pain at the pump.