In recent weeks, the price of a barrel of oil has stayed at about $100 a barrel, and gasoline prices have been edging closer to $4 a gallon. The costs are apparently due to events half a world away, in the Middle East. Even though plenty of oil is around, there is fear of further disruptions, and consumers, business people, and politicians have all been making adjustments. Here are eight ways that higher energy prices are starting to affect America.
The battle for the Senate now looks like a standoff with neither Republicans nor Democrats likely to win the 60 seats needed for political control. Will partisan gridlock change after Election 2012?
President Obama urged Congress immediately to pass his plan to extend some of the Bush tax cuts. But Senate Democrats are taking their time, hoping to score political points.