Article: Gas prices impact travel

Elizabeth Kix
University Wire
05-15-2007
(Iowa State Daily) (U-WIRE) AMES, Iowa -- Prices at the pump have continued to rise this week, causing a change in consumers' wallets and plans.

Prices in Ames, Iowa, are as high as $3.23 per gallon for regular unleaded fuel, according to www.automotive.com.

Wednesday saw prices in the $3.06-per-gallon range in Ames and Des Moines and since then prices have continued to go up. Soon, gas prices could top the record set after Hurricane Katrina hit in September 2005.

Crude oil, taxes, refining, marketing and distribution are the key components that make up the price of gas. Crude oil currently is sold for $60 to $70 a barrel, and makes up for about half ...

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