Gas Prices Are Down, Taxes Haven’t Budged, Some Want Them Raised


When gas prices were over $4.00 per gallon, almost everybody was cursing the oil companies for their excessive profits. Many people argued that the oil companies were colluding to keep oil prices high.

Liberal groups were calling for investigations and even regulation.

So where are these people now that gas prices could dip below $2.00?

There are certain fixed costs in producing a gallon of gasoline. The cost of oil is the biggest expense. If oil companies have to pay more for oil, the price of oil-related products will go up. Profits are necessary to keep oil flowing. If there’s no money – profits – to explore, drill, and transport oil, we all suffer.

Many people also forget that there is no single person who owns an oil company. There are millions of investors. Anybody who has a retirement account of any sort most likely is receiving oil money profits.
Continues on GodfatherPolitics

Posting Policy
We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse. Read more.

Trending on Liberty Alliance

Don't miss a thing. Sign up for our email newsletter to become a Liberty Alliance insider.

Send this to friend