Posted by LAA on March 20, 2015 at 05:30:28 from (217.175.64.196):
In Reply to: Gas Prices posted by phil_n on March 19, 2015 at 21:20:04:
That price is for the highest grades of the benchmark U.S. crude, West Texas Intermediate, the Saudis are not getting that much and ND shale oil was about $37.00 yesterday. Taken in an historical context gas should be about $1.75 per gallon right now with WTI at the current price, the difference that Americans are paying is tax, both direct and indirect. It is easy to forget that regulations are a form of taxation, when companies are forced to comply with ever increasing impediments to doing business the end user or consumer is always going to pay for that compliance, in the USA the consumer should pay because as citizens they are the ones who vote the crackpots making the regulations and raising the fuel taxes into office.
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