Saturday, April 13, 2024

 


                  Common sense re: fuel costs


Amidst all the mindless GOP chatter blaming Biden for inflation, especially in the cost of gasoline, I would point out three significant facts:

     First, the President doesn’t have any control over the price of gasoline, which is, in fact, a consumer commodity. The Federal impact on gasoline, the “per gallon” tax, remains exactly the same as it was during the Clinton administration at 18.4 cents, while 47 states have higher fuel tax rates.

Second: There is no shortage of gasoline and production costs are stable. Producers regulate prices, and, in the absence of any federal price controls, are free to do so as they will. As an aside: such government regulation of the energy industry as did exist was removed during the Reagan years! 

Finally, and of the most significance: The Oil and Gas industry is one of Trump’s most lavish “big ticket” donors as an industry and even more so when individual contributions are factored.

        “So, Mike, you’re saying that the prices of gasoline and other fuels are being artificially jacked up as an election ploy to blame inflation on the Biden administration?”  You bet your ass I am. No other explanation is even close to rational.

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