Description: Congress returns next week to a flaring brawl over oil industry profits and tax breaks, with both parties hoping to capitalize on growing public ire at high gasoline prices.

Source: NYTimes.com

Date: 04/29/2011

Link: http://www.nytimes.com/2011/04/30/business/30gas.html?ref=business

Questions for discussion:

• Summarize the reasons for concern over rising gasoline prices?
• How do rising fuel costs affect businesses and consumers?
• What is the cause of higher prices?
• How can demand be reduced individually or collectively?