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Reasons that Gas Prices are Rising:
"
The reserve is not there to simply try and change prices," said Energy Secretary Spencer Abraham on Tuesday.
Analysts for the oil industry say the main cause of high gas prices is overseas.
The rapidly expanding world economy, especially in China and India, is increasing global demand for oil. Add to that the
turmoil in the Middle East, which creates fear of a possible interruption in the supply, and prices take off.
"Although we've become a lot more efficient in our use of energy, our
economies are requiring more energy. As we create more products, as we travel more, our economy expands," says Genevieve Murphy of the American Petroleum Institute.
For now, consumers can only cope.
Gasbuddy.com, a web site that helps people find cheaper gas, is getting a half million users a day.
And AAA is releasing its summer travel predictions, saying that "more people are going to travel ... But they're going to alter their plans slightly," according to Sandra Hughes of the auto club.
Americans may be taking shorter trips and using more fuel-efficient vehicles -- but even with that, they'll be paying dearly to hit the road.
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