Relief At The Pump: When Will It Happen?
Posted by LaDale Anderson on Nov 23, 2012 - 12:48:48 PM
UNITED STATES—The election was a mere three weeks ago, yet gas prices across the nation continue to climb. The reason this issue is of concern to me is that I recall vividly after the 2008 election gas prices dropped to unbelievable levels. I recall in mid-January early February prices as low as $1.69 a gallon.
I know it sounds foreign, but trust me I saw those prices and it knocked my socks off. We’ve seen gas prices this year waver from about $3.20 a gallon to upwards of around $5.00 a gallon. Right now the average price for a gallon of gas is about $3.40, give or take a few nickels and dimes depending on your region.
So the big question is why does it appear gas prices are continuing to climb when they should be dropping because of the impending winter months? I do not want to hear there is such a short supply of gas or that the demand for gas is so large that we have to pay more for it. That’s irrelevant, gas prices are taking a hefty chunk out of my paycheck each week and I’d like to know why there’s no relief at the pump.
Oil tycoons are making billions and paying little to nothing in taxes. How is that even possible? Congress it’s me knocking at the door again. There has to be some sort of regulatory fees or mandates that can be placed on these companies to place the price of a gallon of gas at reasonable prices for all drivers. I have this icky feeling that gas prices will be at the $4.00 mark come January which will be a pain for all consumers that drive or take public transportation. Whenever gas prices rise so do everything else in the economy; it’s a ripple effect. Groceries, package deliveries, air flights, bus tickets; you name it and gas prices effect it.
Can we expect to see gas prices back to a point where it’s less than $1.50 a gallon, perhaps in the near future when oil is not are only way of generating fuel, until them we can consider the price of gas to continue to rise until it’s a point where driving a car will be out of reach? We’ll all be biking or carpooling with other co-workers to save money, it’s the only way to stay afloat in an economy where we continue to pay more to receive less.