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?
What are they making per barrel of oil? I keep seeing how much they make per gallon of gasoline but that isn’t the only place oil is used. In searching I only find quotes of the per gallon of gasoline. I found one site that listed $80 a barrel of oil but it was a dubious source.