[Alberta's Child]

The oil supply in not really the big issue here. The major factors in driving up the price of gasoline (particularly in California) are: 1) the decline of the U.S. dollar against foreign currencies (thereby driving up the cost of imported oil even if the overall supply is increasing); and 2) California's idiotic clean air standards, which require refineries to produce a more expensive, specialized gasoline mixture.

Ironically, I believe this run-up in gasoline prices is going to have a positive impact in one respect: any state that is currently considering a gasoline tax hike this year is going to abandon those plans very quickly.

[commonerX]

Don't get me wrong I don't think the high cost of gas is in some big plan or anything, but civil engineers have been trying to get the public out of their cars and onto public transportation for sometime. Some do feel that the government should force the issue, by making cars too expensive to drive.

[wattsmag2]

Ironically, I believe this run-up in gasoline prices is going to have a positive impact in one respect: any state that is currently considering a gasoline tax hike this year is going to abandon those plans very quickly.

Many states have it built in as a percentage of price. They won't have to lift a finger to grab more revenue.

[perez24]

Just a question about that declining dollar factor. I thought I had heard that George Soros was trying to devalue the U.S. dollar to impact the election. Would this have something to do with it?