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According the abc & nbc news its the foul speculators that are driving up oil prices. Those scumbags did the same thing back in 2008.
You have any decent links. I'd like to believe them but frankly even ABC and NBC etc. generally have the financial analytical ability of a drooling chimp. They also tend to be populist rags that wouldn't dare put any blame on US consumer demand and probably won't mention currency devaluation either.
Any good articles written by solid economists etc?
P.S. I looking for something that kinda shows the extent of the problem due to the various sources.
I talked to a relative in co today & she told me she paid $3.10 a gal this morning. Why in the hell are we paying so much more in ca & why does everyone let those douch bags in sacramento get away with MOD CUT ?
Oil and gas are a commodity, which is sold on the global market.
The price for corn can shoot up too, if there are droughts, disease or natural disasters in other nations that ruined their corn crop. Even if corn production in the US had a bumper crop, the global price would still be high in the US. Also, is we have an abundance of corn in the US and we export it to other nations, isn't that a good thing?
If the state of California taxes the hell out of corn farmers, then that state is adding to the local cost of corn.
Should those of us up here in Canada who are paying $5.07 for the equivalent of a US gallon
blame Obama as well?
Of course not, but Obama and his boys are doing nothing to hold the price down since they have wanted us to pay what they pay in Europe since he knew he could have an effect on the prices.
The people in control of things like this don't live where same people drive around 150 miles a day to get to work and back home. I think that when we see so much subsidy money going to green energy especially the people who will buy "electric" cars we have to detect something we should know is causing the price of gasoline to rise so fast.
It's not the only reason but would certainly cause it to be higher than some other states. California has one the highest state taxes on gasoline.
I just saw a map much like yours that showed the 19 states that have the highest prices today and it was about the same ones. Someday more people will understand that state taxes are heavily involved in this problem.
You have any decent links. I'd like to believe them but frankly even ABC and NBC etc. generally have the financial analytical ability of a drooling chimp. They also tend to be populist rags that wouldn't dare put any blame on US consumer demand and probably won't mention currency devaluation either.
Any good articles written by solid economists etc?
P.S. I looking for something that kinda shows the extent of the problem due to the various sources.
The saddest part of all this price thing is that those states with the highest taxes are also much higher in price today. 19 of our states have the highest prices and all but one or two of them did two things in the past with taxes being one. The other one is voted for Obama. Will they do that again?
There is a great map of the states and their taxes back toward the front of this thread.
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