posted on Thursday, November 29, 2007 9:27 AM
by
Jeremy RVARC
More Bad News
High gas prices aren't going anywhere. From
Yahoo news
HOUSTON (Reuters) - An explosion crippled the main pipeline supplying Canadian crude to U.S. Midwest refineries on Wednesday, forcing operator Enbridge to halt nearly a fifth of U.S. imports and sending crude prices as much as $4 higher.
It's not just market forces and international politics that drive gas prices up and down - prices are also subject to a complex and vulnerable infrastructure. When the market is already driving prices up, enormous spikes caused by events such as this can be harder for the average pocketbook to absorb quickly.