Memorial Day is the traditional beginning of summer for most people.\u00a0 Despite Memorial Day\u2019s origins \u2013 a time for mourning the U.S. military personnel who have died while serving in the armed forces \u2013 the three-day weekend at the end of May is also a time when most Americans begin to turn their attention to summer activities.<\/p>\n\n\n\n
If weather cooperates, the Memorial Day weekend is the first in the summer\u2019s weekends of relaxation and fun. Those hotter days and more travel also mean something else: increasing gas prices and more smog.<\/p>\n\n\n\n
This year\u2019s gasoline prices are already creating pain at the pump for motorists. <\/p>\n\n\n\n
Usually, the summer driving season means higher gas prices. The reasons? First, more people are driving which puts a strain on supply and second \u201csummer gas\u201d tends to be more expensive. Refineries switch the gasoline formula twice a year typically to a summer blend in mid-April (then back again after Labor Day). <\/p>\n\n\n\n
The blend is really about the level of butane in the gasoline. Simply put, winter gasoline contains higher levels of butane. That butane is needed to help start a car in cold temperatures.<\/p>\n\n\n\n
But in warm temperatures, gasoline with a lot of butane starts to evaporate quickly, producing ground-level ozone that can contribute to smog. Thus, summer gas has less butane and is replaced with a more expensive substitute. <\/p>\n\n\n\n
This summer is looking to be even more expensive. Inflation, reduced fossil fuel production, supply chain issues and boycotts on Russian oil after the invasion of Ukraine, have all combined to boost the increase in gas prices.<\/p>\n\n\n\n
As a result, prices at gas stations across the US have hit record after record over the past two weeks. <\/p>\n\n\n\n
The average gallon of gas in the US hit $4.59, about 51% higher than a year ago, according to drivers\u2019 group AAA data. Regular gas prices have never hit this level. And in California, AAA data showed, prices can be over $6!<\/p>\n\n\n\n
A JPMorgan note recently stated that the average<\/em> US gas price could surpass $6 a gallon this summer as driving season gets fully underway. Of course, higher prices could cut into driving rates, which could offset those increases, but prices will still rise. <\/p>\n\n\n\n Here in New York, expected gas price hikes could be somewhat offset by a gas tax holiday that starts on June 1st<\/sup> and goes through the end of the year. That \u201choliday\u201d will shave about 16 cents off the price of a gallon of gas.<\/p>\n\n\n\n As mentioned earlier, \u201csummer gas\u201d is an attempt to reduce smog during summer months. \u201cSmog\u201d is created when sunlight warms gasoline vapors, vehicle exhausts and other chemicals, with the ground-level pollutant ozone being formed. <\/p>\n\n\n\n The ozone layer found high in the upper atmosphere shields us from much of the sun’s ultraviolet radiation. However, ozone air pollution at ground level where we can breathe it causes serious health problems. Ozone aggressively attacks lung tissue by reacting chemically with it. Again a lot of ozone is the result of pollution from the burning of fossil fuels.<\/p>\n\n\n\n While the world suffers from the burning of fossil fuels \u2013 through exposure to ozone as well as the existential threat posed by global warming \u2013 there is one beneficiary: Big Oil.<\/p>\n\n\n\n The first three months of this year has been staggeringly profitable for the oil and gas industries. According to recent reports, during those three months the biggest companies racked up profits just short of $100 billion \u2013 in three months!<\/p>\n\n\n\n Why should the oil and gas industries rake in cash like that? Why should they profit while the planet, our lungs, and consumers\u2019 wallets burn?<\/p>\n\n\n\n They shouldn\u2019t and last week legislation was introduced by state Senator Liz Krueger and Assemblymember Jeff Dinowitz to claw back some of Big Oil\u2019s windfall profits.<\/p>\n\n\n\n The legislation ensures that climate polluters pay for the damages that they have caused. The bill tags the oil companies for their relative share of the greenhouse gas emissions that are heating up the planet. Thus, the biggest companies would be assessed more than smaller ones. It is that fact that should make it impossible for the companies to pass any additional costs onto consumers. <\/p>\n\n\n\n Right now consumers are facing pain at the pump as well as in their gas and electric bills. At the same time, the oil and gas industry are raking in enormous profits. The Krueger\/Dinowitz legislation will claw back some of the oil and gas industry’s recent windfall profits and use them for adaptation costs that would otherwise be charged to state taxpayers and to do so without harming consumers\u2019 wallets.<\/p>\n\n\n\n Approval of that legislation would be a real<\/em> cause for a summer celebration.<\/p>\n","protected":false},"excerpt":{"rendered":" Memorial Day is the traditional beginning of summer for most people.\u00a0 Despite Memorial Day\u2019s origins \u2013 a time for mourning the U.S. military personnel who have died while serving in the armed forces \u2013 the three-day weekend at the end of May is also a time when most Americans begin to turn their attention to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2743","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.nypirg.org\/capitolperspective\/wp-json\/wp\/v2\/posts\/2743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nypirg.org\/capitolperspective\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nypirg.org\/capitolperspective\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nypirg.org\/capitolperspective\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nypirg.org\/capitolperspective\/wp-json\/wp\/v2\/comments?post=2743"}],"version-history":[{"count":1,"href":"https:\/\/www.nypirg.org\/capitolperspective\/wp-json\/wp\/v2\/posts\/2743\/revisions"}],"predecessor-version":[{"id":2744,"href":"https:\/\/www.nypirg.org\/capitolperspective\/wp-json\/wp\/v2\/posts\/2743\/revisions\/2744"}],"wp:attachment":[{"href":"https:\/\/www.nypirg.org\/capitolperspective\/wp-json\/wp\/v2\/media?parent=2743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nypirg.org\/capitolperspective\/wp-json\/wp\/v2\/categories?post=2743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nypirg.org\/capitolperspective\/wp-json\/wp\/v2\/tags?post=2743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}