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To: originalbuckeye

High gas prices result from high oil prices, because oil is the primary input cost for gasoline. “Big Oil” doesn’t set the oil prices. The commodities markets do. “Big Oil” earns HUGE profits when oil prices go higher, because the market has increased the value of what they sell. States DO indeed add on taxes to the cost of gasoline as well. Some higher than others. The massive printing of ‘money’ by the Federal Reserve couldn’t be helping matters either.


6 posted on 05/07/2011 8:36:04 AM PDT by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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To: KoRn
“Big Oil” earns HUGE profits when oil prices go higher, because the market has increased the value of what they sell.

And Big Government earns ever HUGER tax revenues by taxing these increasing profits.

16 posted on 05/07/2011 8:50:51 AM PDT by VeniVidiVici (The last Democrat worth a damn was Stalin. He purged his whole Party.)
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