“The Ukraine Crisis Is Bolstering America’s Oil And Gas Boom”..........
Does that explain why our gasoline prices have jumped from very near the $2/gallon mark to now be at $3.60 mark in a few short weeks?
Gasoline was at $2 a few weeks ago? Where?
Part of the cost rise is due to a shift from heater oil to gasoline production for the Spring. Some refineries are down for repairs, thus limiting production of anything.
Other price rises are from unfounded fears that something that won’t affect us will happen in the Ukraine. That’s Europe’s problem other than the US guaranteeing them liquid petroleum gas (LNG) etc, esp. from the Keystone Pipeline (yeah, Obama and Kerry are going to OK that line, right?).
Also, look at any rise in state sales taxes on gasoline.
One of my prized documents from the National Archives is a 1935 list of “State and Federal Gasoline Taxes as of June 6, 1935”.
Want to crap in your hat? Hold on: State; State tax; Federal Tax; Total (which does not includE County and City taxes)
CALIFORNIA: State = 3 cents; Federal = 1 cent; Total = 4 cents
DELAWARE: State = 3 cents with a 1 cent increase coming in July, 1935; Federal = 1 cent; Total = 4 cents
Illinois: 3 and 1 cents
Kentucky: 5 and 1 cents
Massachusetts: 3 and 1 cents
Mississippi: 6 and 1 cents
New Mexico: 5 and 1 cents
Rhode Island: 2 and 1 cents
Texas: 4 and 1 cents
Wyoming: 4 and 1 cents
Arkansas: 6-1/2 cents and 1 cents
READ ‘EM AND WEEP!