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Wednesday, March 17, 2010

PA among 10 most vulnerable states to gas price spikes, study says

The Natural Resources Defense Council has released a new study, "Ranking States Oil Vulnerability: Assessing the Continued Threat of Gas Price Spikes," that lists 10 states that would be hit hardest by rising gasoline prices.

Pennsylvania is among the states that would suffer most when gas prices top $3 per gallon this summer, according to the study.

"The data reveals that drivers in all states are dependent on oil for their transportation needs, but some states are more vulnerable to oil price increases than others. Drivers in the most vulnerable states will be particularly hard hit in the event of another spike in the price of gasoline, which is one of the economic risks Americans face due to the country's dependence on oil," said Deron Lovaas, transportation expert at the Natural Resources Defense Council. "Our ongoing oil addiction is draining our wallets and our economy, and rising gas prices will only add to this burden,"

The 10 most vulnerable states are: Mississippi, Montana, Louisiana, Oklahoma, South Carolina, Kentucky, Texas, Maine, Georgia and Idaho; 10 least vulnerable states: Florida, Washington, Pennsylvania, New Jersey, Colorado, New Hampshire, Maryland, Massachusetts, New York and Connecticut.

Follow the link below to read the full report.

Oil Addiction: Gas Price Spikes Threaten Americans' Wallets

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