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Gas Hits $5.00
We have all heard the rule that prices are based on Supply VS Demand. So many people are wondering why the price of Gas continues to skyrocket while the the price of oil, on the other hand, is dropping. The price of a barrel of crude dropped below $100, even as the price of gas at the pumps reached apocalyptic new highs. In fact gas prices have jumped by about 30 percent this year alone. This is in spite a of a 2% reduction in demand for gasoline in the U.S. as compared to the same period last year.
Recognizing the negative impact high Gas Prices are having on our economy, Obama Proposes Taking Away Oil Company Subsidies. Yes, the most profitable corporations in the history of mankind, pay now taxes on their profits, in fact they get billions back.We have seen first hand, and have been told by our customers, that they can’t afford to fill their tanks, and pay for their car insurance. We are watching an increased number of our customers getting hit by drivers that were uninsured. This hurt everyone by raising rates.
There must be someway to get gas prices down to at least 2010 prices.
