Yeah, if only we instituted massive price controls, taxed all the oil profits, increased taxes at the pump, or what the hell, just nationalize the business like Chavez is doing, we'd all have cheap gasoline in great abundance.
What goes into the price of a gallon of gas:
The U.S. produced about 140 million barrels of crude last February, but imported about 340 million from other countries at their prices. You want better prices, drill more holes in our own country, build some new refineries, and lower gas taxes.
Oil companies pay far more in taxes and government fees than they make in profits. That is, the government gets a bigger cut of the pie than the oil companies do.
I spent most of my college years listening to socialists tell me that things would be wonderful for America and the environment if only gas cost as much as it did in Europe. Go figure.
Flame » in reply to Gas prices hit all time high - even adjusted for inflation
re: Gas prices hit all time high - even adjusted for inflation
The whole thread (19 posts)
- Gas prices hit all time high - even adjusted for inflation
- Sorry there is no Bush Conspiracy.
- "The current price increases are due to problems in gasoline supplies and refinery output."
- Ah...but in there lies the rub
- re: Gas prices hit all time high - even adjusted for inflation