[EQAndyBuzz]

40 bucks a barrel and it is still $2.45 a gallon. Iran is no longer a threat so stability in the region should reduce risk. This means with speculation going down, a reduction in gas prices is inevitable.

When Bush was in office and gasoline was $1.85, how much was a barrel of oil? And this was with us at war. Now that we aren’t at war, gas should be much less.

[texas booster]

The biggest difference between 2002 and 2015 is that the cost of government regulation is much higher today than before.

There is a cost involved in the capital expense to get refineries up to the new EPA regs and to reformulate gasoline 80 different ways to meet arcane EPA ozone regs.

It may not be listed as a tax but it acts as one just the same.

Sure Europe has its quaint VAT tax, hiding tax revenue at every step of production but our regulations have created the same environment here.

[luvbach1]

40 bucks a barrel and it is still $2.45 a gallon.

We'd love that in San Diego where it's $3.39.