Union strike could spell end of $2 gasFeb-03-2015
Just when gas prices began slipping below $2 a gallon, a new issue is threatening to bring back pain at the pump.
Members of the United Steelworkers Union at refineries that produce nearly 10 percent of U.S. gasoline, diesel and other fuels, were on strike for a second day on Monday as they pushed for a new national contract with oil companies covering laborers at 63 plants, The Wall Street Journal reported. If a new deal isn't reached and the strikes continue, drivers at the pump could take a hard hit.
"You can forget about $2 gasoline," Carl Larry, director of oil and gas at consulting firm Frost & Sullivan, told the newspaper. "It's going to be a big deal. People are going to be freaked out."
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Posted by Ken at 1:43 AM -
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