three reasons gas prices are high... government regulations, government taxes and government interference....
This country has a history of Robber Barons. Now the robber barons are in the government and taking over the high profit industries.
I have no great love for the Arab Oil Sheiks to whom Obama bowed when he bowed to the king of mecca.
They are the ones making out like bandits, but nary a peep of that comes out of the mouth of the one.
Hypocrisy ... thy name is 0bama.
Good article.
One reason for the current price of gasoline is that the price at the pump is at the intersection of ‘Supply and Demand,’ plus 10 cents a gallon to Oil Companies, and 40 cents a gallon to Local, State and the damned Federal Government.
Since 95 % of the supply of Crude Oil in the world is directly controlled by governments foreign to the USA, it is fair to say that 95 % of the price of Gasoline is controlled by foreign Governments.
If all taxes paid at the pump by consumers were removed for the rest of the year, politicians would have lowered lowered gasoline prices by 10 %.
BTW, the politicians recently gave us a partial payroll tax holiday, so why not a Gasoline and Diesel Tax Holiday?
An Obama Supporter explains High Gas Prices and Green Energy
1. Weak Dollar/Inflation
2. Wall Street Bailouts/Speculation
3. Lack of Production/Protection
• February 4, 2009 – Just months after Obama’s Energy Secretary said, “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe,” the Regime begins “scrapping leases for oil-shale development” and cancels 77 leases for oil and gas production in Utah. Gas is $1.91 a gallon.
• March 7, 2009 – ABC News says the White House is “closely monitoring” the expedited Solyndra loan project even as it was delaying new American energy production that would help make us less dependent on foreign energy. Gas is $1.94 a gallon.
• June 27, 2009 - Obama urges the Senate to adopt House Democrats’ “cap and trade” national energy tax – the same plan O once admitted would cause electricity rates to “necessarily skyrocket.” Gas is $2.50 a gallon.
• January 7, 2010 – The Regime announces new bureaucratic hurdles to American energy production that Secretary Salazar admitted “could add delays to the leasing and drilling process.” Gas is $2.67 a gallon.
• March 31, 2010 – Instead of opening new areas to energy exploration and development, Obama blocks deep-ocean energy production on 60% of America’s Outer Continental Shelf. Gas is $2.80 a gallon.
•December 1, 2010 – Obama re-imposes and expands the moratorium on offshore energy production. Gas is $2.86 a gallon.
• January 2, 2011 – TIME reports that the Obama Regime issued the first in a series of regulations designed to unilaterally impose a national energy tax. Gas is $3.05 a gallon.
• May 5, 2011 – The Regime issues a formal statement opposing House-passed Restarting American Offshore Leasing Now Act (H.R. 1230), and Putting the Gulf of Mexico Back to Work Act (H.R. 1229) legislation designed to jumpstart American energy production, address rising gas prices, and help create new jobs. Gas is $3.96 a gallon.
• June 21, 2011 - The Regime opposes the House-passed Jobs & Energy Permitting Act that would unlock an estimated 27 billion barrels of oil and 132 trillion cubic feet of natural gas. Gas is $3.65 a gallon.
• November 8, 2011 – The Regime releases a plan for a five-year moratorium on offshore energy production, placing “some of the most promising energy resources in the world off-limits,” according to the House Natural Resources Committee. Gas is $3.42 a gallon.
•January 18, 2012 – Obama rejects the bipartisan Keystone XL pipeline and the more than 20,000 jobs that would come with it. Gas is $3.39 a gallon.
• April 10, 2012 – Average price of gas: $3.95
The ONLY place the democrats want to drill is the wallets of the American people.
Last Saturday I found out exactly why the costs of everything are so high at the local ACE hardware. I was inquiring as to the cost of 1”X 2” X 8ft lumber, and was told it was $7.49 a stick. I about croaked on the spot as I had just sort of recovered from the discovery of $4.99 a stick price at Home Depot needing thirty sticks to complete a project. (I started this project when the lumber in question was $1.67 each, and thought that way too high.)
Regardless the fellow working the floor at ACE that told me the price of their lumber said that it was really too high a cost, and I readily agreed with him mumbling about the devalued dollar, Obama, etc. only to be told by the ACE employee that it was trucking causing the problem. I looked at him as though I forgot to flush, and asked him if he really thought trucking was the cause of the prices he is paying at the pump? He threw up his hands in a STOP expression, don’t bother me anymore with your devaluation of the dollar, Obama crap, and told me he was “a bit of an expert on the matter”.
So, there you have it from an “expert”. Truckers are ripping off America, and causing the prices at the pump.
Wondering how many such “experts” there are walking about so confident in their knowledge?
1) Obama - ban on Gulf drilling
2) Obama - ban on pipeline from Canada
3) Obama - Arab ass kisser
There’s only one reason. Monetary policy. That’s it.
In 1932, one ounce of gold would buy 16 BBL of oil. Take today’s spot price of gold and the spot price of a BBL and you’ll find its probably 16 or so BBL/ounce of gold.
In terms of gold, the price of oil hasn’t risen at all. Not one bit.
In dollars, if you print them like you are producing toilet paper for a food poisoning festival, gas is going to be expensive. Taxes make it worse (especially if they are percentage taxes and not fee-type taxes).
It’s expensive, not because costs went up, but because the purchasing power of the dollar went down.