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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