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Have we become accustomed to $4 gasoline?
Last comment by ChrisMunchhof 2 weeks, 1 day ago.

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Is it just me but has everyone in this commuter valley become accustomed to $4/gallon gasoline? Are we all so complacent and just maybe thankful that it's not $5/gallon? Is it the value of the dollar that Bush and Obama have left us?

The U.S. is so productive with fracking that we are now exporting gasoline and once the pipeline is constructed, we will have ample supplies. Why has it not crept downward?

Please let me know your thoughts.


Latest Activity: Apr 08, 2014 at 7:54 PM



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DifrntDrmr commented on Saturday, Jan 25, 2014 at 12:07 PM

Ever notice that prices for gasoline shoot up quickly when there is a crisis but only slowly come back down after it has been resolved. You say that the pipeline will bring us ample supplies, but we already have that. The problem is that the oil companies have become so large that they can manipulate the market. To make matters worse, look into how much Exxon pays in taxes.

broncoboy commented on Sunday, Jan 26, 2014 at 02:45 AM

We shouldn't care how much Exxon or any other corporation pays in taxes because they don't pay taxes--the consumer pays the taxes. Do you think that taxes to the federal and state governments will serve the public better? They've done a bang up job lately.
Also, I'm afraid I don't buy the oil companies conspiracy theory, as much as I'd like to. My question still is why is there no anger about the high prices? We are still paying nearly $4/gallon years after the economy has allegedly recovered. Let me know your thoughts.

CastaicClay commented on Tuesday, Feb 11, 2014 at 19:02 PM

The shareholders demand record profits

ChrisMunchhof commented on Tuesday, Apr 08, 2014 at 22:54 PM

I did a short economics paper on gas prices a few years back.

Interestingly I found that gas prices have only risen at about the rate of inflation (around 3%) for the past 40 years when accounting for the amount of price increase attributable to an increase in gas taxes.

Prices for anything only move up over the long period of time.


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