Quote:
Originally Posted by kedwyn  Think about it this way, your gas is taxed at a higher rate than the oil companies profit. If you want to complain about where you money goes check with the government while you are pointing fingers. They have been raping us in taxes from fuel as well. |
The price is what it is because of supply constraints - you remove the tax and the price isn't going to just drop by that much. Isn't it also something like 16 cents? That's a long way off from 10%...
The current gas prices are unsustainable anyway, they'll get much higher. There's a billion Chinese and a billion Indians who are going to start purchasing cars soon. They'll also start having money to get some real heating. Then they want to take vacations, which means more planes in the air.
$10/gallon within the next 5-10 years isn't all that unlikely.
Quote:
|
Innovation is dead in this market, and there's no amount of justification left for why the price of gas goes up in America for demand in India and China.
|
Huh? Crude oil is traded globally, of course demand in India or China is going to increase the price. And let's not forget that the dollar lost quite a bit of its value - increasing prices on imported goods is hardly unexpected.