When I got off work New Years Eve morning, the price for a gallon of regular gasoline was advertised at $3.049 by the local stop-n-rob between BigBoxRetailer and my home. Yesterday morning, a mere eight days later, it was $3.459.
I’m all for capitalism. I’m all about supply and demand. If the
stupid-as-fuck general public is willing to pay a hundred FRNs for an ounce of the stuff, then the seller has the right to ask that much for it. No outcry for price controls here. Oil is a commodity. Speculation factors into the price.
What pisses me off as much as anything is all the hand-wringing that everyone,
including especially politicians do whenever the price goes up. The drilling regulations and prohibitions dreamed up and enforced by said politicians are a big part of why the price is so high, and why the price goes up even more every time some raghead dictator gets his panties in a wad. We could be self-sufficient, or very nearly so if we didn’t have drilling bans here for this stupid reason and there for some other equally idiotic reason.
Oil companies are the fall guys, but they aren’t getting rich off of the stuff. Neither are the local gas stations. The fucking government is. But they never bring that up, do they?
As of 01 January 2012, I pay 57.6 cents in taxes per gallon of gasoline that I buy. Folks in some forward-thinking states (*cough*KalifornistanandNewYawk*cough*) pay 67 cents or more. Based on the pump price as of 01 January ($3.099/gallon), I pay twenty-three fucking percent tax to the guvmint for motor fuel. There is no way in hell that everyone else combined – the explorers who found the oil, the drillers who accessed it and pumped it to the surface, the refinery, the transportation folks, and the local gas stations who retail the stuff, all combined pocket that much TOTAL after expenses.
But Uncle Sugar does. And the fucking politicians have the gall to bitch about the rich oil companies whenever the price of oil goes up.
Hey, assholes! How about you repeal the taxes on the stuff (immediate 20+% price drop) and then repeal the drilling bans, if you really give a flying fuck about how much it costs poor Constituent Doe to fill up his car with gas. That’s right. You don’t really give a shit. You just need to deflect the blame elsewhere so the sheep will vote you another term come election time.
Remember sub-$2/gallon gasoline just a few years ago, even with over fifty cents of that in taxes – when GW did away with the offshore drilling ban? Nobody actually did any drilling, but the fact that it was no longer illegal to do so made a huge impact on the market price. The world knows we’re sitting on piles and piles of the shit, and if the envirno-Nazis (with apologies to Hitler and his long-dead cronies for my use of the word, not that I am sympathetic to the socialist sonofabitch, may he continue to roast in hell) hadn’t bullied us into outlawing the utilization of our natural resources, oil would still be twenty-something bucks a barrel, with gasoline a corresponding buck fifty or so a gallon.
Damn politicians. And the dumbass voters who keep electing them. Sometimes, I think that we have the government that we deserve.