To the Point
The Price of Gasoline: Good News and Bad
Next week, OPEC will be meeting about the price of oil: down from $147 a barrel last July to $44 today. Meantime, the price of gasoline in the US just might go to a dollar a gallon. That's good news for consumers, but trouble for global warming and international stability. Also, the White House and Congressional Democrats make a deal on the auto bailout, and the latest on the political scandal in Barack Obama's home state.
By Warren Olney • • 1h 0m ListenNext week, OPEC will be meeting about the price of oil: down from $147 a barrel last July to $44 today. Meantime, the price of gasoline in the US just might go to a dollar a gallon. That's good news for consumers, but trouble for global warming and international stability. Also, the White House and Congressional Democrats make a deal on the auto bailout, Illinois Governor Rod Blagojevich was scheduled back at work today, but Barack Obama wants a special election to fill his Senate seat.
Banner image: Drivers fill up at a Fastop gas station in Pasadena, California. Photo: David McNew/Getty Images
In this episode
3 storiesWhite House, Congressional Democrats Make Auto-Bailout Deal
The White House and Democrats on Capitol Hill have worked out a $14 billion bailout for GM and Chrysler. White House spokesman Joel Kaplan says they believe they've " found the right solution ."
Read the story6 minThe Price of Gasoline: Good News and Bad
Since the high of $147 a barrel in July, the price of oil has dropped like a stone, to about $45 a barrel. The Automobile Association of America says gasoline prices have dropped in the US for the eighty-second day in a row, to an average of $1.70 a gallon.
Read the story34 minBad-News Blagojevich Back at Work
Barack Obama wants Illinois Governor Rod Blagojevich to resign so a special election can fill his vacant seat in the Senate. Meantime, political fur continues to fly. Blagojevich is out on bond on charges of putting Obama's vacant Senate seat "up for sale."
Read the story9 min
