:: we could see $1.00 per gallon gas ::
I don’t agree. My career is in the O&G industry and, seriously, $1/gal gasoline is not on the radar for our industry.
That does not mean that the O&G industry is “gouging” the market but is rather pricing the market according to the demand; such that they will make profit and provide their shareholders benefits.
In these next four years, I would recommend the BIG FOUR of O&G production shares.
I am NOT a market specialist, y’all make your own decisions.
I am glad you outed your own industry as collusists and market manipulators which we kind of knew. From the refiners, government, to the the schlub who owns the Marathon gas station you all are gouging. I never understood and it was never explained how in 1994 when oil was $25.00 per barrel unleaded was about $1.15 per gallon but today $44 per barrel and gas in my neck of the woods is $2.50. I also researched the taxes and nope, not enough to explain the difference in the spread of price per barrel of crude and gallon of refined gasoline. Your industry is rife with inefficiencies, gouging and yes graft. I had a guy who rented my home, a driller, an average guy, he made 100k a year...no way this meathead was worth that much, he was a limited skill blue collar worker. Your labor costs are too high and your promises to your investors on ROI you have to make come true are outrageous. In summation your industry is ripping America off, period.