Gasoline prices: Too high to drive

Gasoline prices: Too high to drive

There are 125 comments on the Public Opinion story from May 15, 2011, titled Gasoline prices: Too high to drive. In it, Public Opinion reports that:

Some Franklin County residents are not just upset, but in some cases, angry about prices at the gas pump that seem to fluctuate a dime or more on a daily basis.

Join the discussion below, or Read more at Public Opinion.

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Section R

Gardners, PA

#129 May 20, 2011
Dan the Man wrote:
<quoted text>
Bush was blamed for the things he did that caused the price of gas to go up. That is true.
That has nothing to do with the price of gas today.
You are actually saying that todays gas prices are not Bush's fault? You need to repost a different comment real fast - or is this a Dumb ass imposter.

Since: Apr 11

Mount Holly Springs, PA

#130 May 20, 2011
Source: Oil Company Profits and Tax Collections: Does the U.S. Need a New Windfall Profits Tax? Retrieved From http://www.taxfoundation.org/news/show/1168.h...

Source: Oil Industry Taxes Have Outpaced Oil Industry Profits Since 1977. Retrieved From http://www.taxfoundation.org/UserFiles/Image/...

There's the true reason that prices have been rising so dramatically. We consistently tax them for 3x their profit!

Doing this we eliminate competition therefore lending the entire industry to a small number of mega-corporations.

They probably do collaborate together and say "we aren't going to take this anymore" and start cranking up prices.

For all of the markets to copy the actions of another, beyond collaboration they would all need to agree with the actions of other companies.

This is most likely the result of an event such as the peaking of oil where supply is becoming less and less.

If an industry is highly taxed, they raise prices to maintain equilibrium. Then the sudden reducing oil production shows them that their profit will not be sustainable at these levels.

Yes...that's 3x their profit and pretty consistently too!

Since: Apr 11

Mount Holly Springs, PA

#131 May 20, 2011
Section R wrote:
<quoted text> You are actually saying that todays gas prices are not Bush's fault? You need to repost a different comment real fast - or is this a Dumb **** imposter.
It does not appear as though a tax on gasoline was issued by Bush, comparing the timeline in my above posting.
Section R

Gardners, PA

#132 May 20, 2011
Sodaen wrote:
<quoted text>
It does not appear as though a tax on gasoline was issued by Bush, comparing the timeline in my above posting.
When Bush was president the price of gas was blamed on him - I know for a fact he was not out there changing the prices of each pump, but yet he was blamed. I can not believe that the facts would ever show that he really was not at fault. If so then the world will end tomorrow!

Since: Apr 11

Mount Holly Springs, PA

#133 May 20, 2011
Section R wrote:
<quoted text> When Bush was president the price of gas was blamed on him - I know for a fact he was not out there changing the prices of each pump, but yet he was blamed. I can not believe that the facts would ever show that he really was not at fault. If so then the world will end tomorrow!
I do think this is some of Bush's fault. I'm just saying that it does not appear to be because of a gasoline tax being increased on his watch.

Still there's plenty more ways to destroy the economy such as running up debt that destroy the economy while reporting false statistics as the government does today by methods such as Substitution, Weighting, Imputations, and Hedonics.

The changes in statistics report false levels of Money Supply, Inflation, Unemployment, Gross Domestic Product, US Dollar Value which are vastly out of line with reality.

Other countries markets do not care about the statistics we print. For them when they are selling oil to the person that will give them the most purchasing power.

Inflation is higher than we hear about, Unemployment is higher than we hear about, Money Supply is higher (amount printed) than we hear about, Gross Domestic Production is lower than we hear about...

Then they tax the industry for 3x their earnings!

I mean if I were in another country, this would be the worst possible long-term and short-term choice for my oil to be sold at. I see no stability.

The other country is just gonna be left holding the buck and nothing to buy with it!

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