Can't Win or Lose with Lower Gas Prices on CBS
Gasoline prices have fallen again and you might figure this would be greeted with accolades â€“ but thatâ€™s seldom the case on the CBS â€śEvening News.â€ť
â€śNews that gasoline prices are falling usually comes with a warning â€“ donâ€™t get used to it,â€ť said CBS â€śEvening Newsâ€ť anchor Katie Couric on July 30. â€śSo consider yourself warned as we tell you gas has fallen 17 cents the past two weeks to a nationwide average tonight of $2.88 a gallon. That is the lowest price in three months.â€ť
Thatâ€™s right, Katie. When it comes to gasoline prices and the CBS â€śEvening News,â€ť theyâ€™re either high or probably going to get higher.
According to the July 31 USA Today, gasoline prices have fallen due to refineries coming back online and they are expected to go lower â€“ despite Couricâ€™s grim warning. â€śNow, with those same refineries coming back into full swing, supplies are anticipated to be healthy, leading to lower prices at the pump,â€ť wrote Barbara Hagenbaugh for USA Today.
According to the Energy Information Administration, gasoline prices are down 8.2 cents from a week ago and 12.8 cents from a year ago. CBS â€śEvening Newsâ€ť completely ignored the initial drop in gasoline prices last week.
â€śThe main issue has been refineries,â€ť Hagenbaugh wrote. â€śEarlier this year, there were an unusually large number of refineries that were shutting down lines for maintenance, planned or unplanned. That led to increased concern that there would not be enough gasoline this summer.â€ť
More refining capacity has led to an increase in supply. â€śPump prices are the lowest since mid-April, following an increase in gasoline supplies after more oil refineries came back online from maintenance and boosted production,â€ť said a report in the July 31 Los Angeles Times.