The Truth Behind High Gas Prices, in 60 Seconds

Source: Fuels America • Posted: Wednesday, April 17, 2013

Fuels America has released a new video highlighting the truth behind high gas pricesand how renewable fuels can help. Many studies, including a report from the American Security Project, have shown that the country can’t drill its way out of high gas prices and vulnerability to global oil markets. In addition, recent International Energy Agency (IEA) data shows drilling will still leave us with oil that costs upwards of $215 per barrel.

Other studies have shown that renewable fuel lowers gas prices by an average of $1.09 per gallon in 2011, reducing the average American’s gas bill by more than $1,200 per year.