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Julian Lee

$3 a Gallon! Who Can Do Something About Gas Prices?

The U.S.’s emergency oil stockpile is twice as big as it needs to be. Now would be a good time to put some of it on the market.

That road trip’s gonna cost more

That road trip’s gonna cost more

Photographer: Sean Gallup/Getty Images Europe

With warnings against overseas travel firmly in place, that summer road trip is looking more attractive. It’s also looking more expensive. Perhaps the U.S. government should look at what China is doing to ease rising oil prices and sell off some of its strategic stockpile.

U.S. gasoline prices at the pump have been firmly above $3 a gallon on average since mid-May and show no sign of coming down any time soon.