Gasoline "profits"

I didn't have to click the links to say you make a valid point. Now I'm going to get shot down for defending you.

I hate to disagree OS(and I can't believe I'm saying this) but a temporary tax relief is not the answer. If it was done, I see the price of oil going up since we are now okay with paying $3 a gallon. There are better, and permanent ways to get the prices down.

Lower gas prices

Problem is, the government is qouging more than the oil companies. It is in the governments best interest to keep the gas tax structure and volumn sold up, or they would lose thier windfall confiscation of your money.

The "investigations" have been done in the past, granted by then REp controlled congress, and found that nothing "illegal" was going on. In our capitalist system if there are no laws on the books limiting energy prices there isn't a lever that the government can use to effect price changes.

Until the congress critters are willing to forgo the big corporate campaign contributions, Reps and Dems, energy price regulation isn't going to happen.

.Ryan wrote: Or we could make them stop lowering production on purpose....that'd work too...

Wow here I am agree with Ryan and disagreeing with OS. These are strange times

Wow - is OS the only capitalist in this thread?  What's with all the people advocting "making" the oil companies do something, or the government "effecting" a price change?  And what the heck is "price gouging" anyway?

Since when is it the government's business to regulate gasoline prices?  We WON the cold war, remember?  That means that the oil companies can charge whatever they want.

That said, I think CarbineKid got it right with the tax relief issue.  That would be a very short-term relief.  Price, supply, and demand interact.  If the price artificially goes down, then demand goes up, and then the price goes back up again.

The way to lower price is either increase supply or reduce demand.

Hades wrote: Gas prices hit $3.50 a gallon here over the weekend, Woot. I am actually for the higher gas prices. I wish it would jump to $10 a gallon. My reasoning, is purely selfish. Less people on the road to pollute the air and get in my way. Purely a survival of the economically fittest kind of thing. If $10.00 a gallon isn't enough to get people off the roads, I a even willing to pay $50 a gallon.

Hades, what do you do for money?

Also you got a tC, gas wouldnt be to much of a **edited** for you. And That V8 'Stang is pretty efficiant for a V8. Dont you get upwards of 20mpg?

My local government has proposed and approved a nickel/gallon hike to our gas taxes ... needless to say, on top of the local rising price of gas prices, this comes as a slap in the face. I can agree with this one OS. Supposedly the tax hike was for local road repair ... leaving me to wish that our governments, local and federal, would start budgeting like a sane, fiscally responsible indavidual or buisness. Alas, this can't be done by wishing ... and it's a subject rarely directly adressed by politicians during elections ... so it's difficult to vote on this issue.

Razgriz Ghost wrote: OPINION!

lolz

:)