Big Oil to the rescue for tapped out consumers
Lewis DiuguidUncle Sam won’t be any help to consumers this year with payroll taxes going back up.
Where people may get some relief is at the pump. Gasoline prices are expected to be lower this year than last, peaking at $3.60 to $3.80 a gallon, AAA Chief Executive Officer Robert Darbelnet said Tuesday. He told Business Insider that it should translate to billions of dollars in tangible household savings.
So what President Barack Obama and Congress took away to help the country avoid the so-called “fiscal cliff,” Big Oil gave as a gift to consumers. Gasoline prices topped out at $3.94 a gallon in April 2012.
Matt Henry
4 months, 1 week agoImagine how much big oil could “give” if Uncle Sam didn’t have an energy policy that is led by an Energy Secretary who is on record with saying that “somehow we have to figure out how to boost the price of gasoline to the levels in Europe.”
Or if Uncle Sam approved Keystone. Or Uncle Sam allowed drilling in ANWAR. Or any of the other gazillion restrictions. And yet we get thrilled that our fuel is only going to be $3.80 a gallon. Wow.
Mark Hastert
4 months, 1 week ago“Or if Uncle Sam approved Keystone. Or Uncle Sam allowed drilling in ANWAR. Or any of the other gazillion restrictions”
YEAH!! WE COULD SELL MORE OVERSEAS! AND KEYSTONE WILL HELP US GET IT TO GULF PORTS EVEN FASTER! oh….hey, wait a minute… we’re selling gasoline out of the country so we apparently already have more than we can use. How about we NOT sell it and bring prices down with our oversupply?!! No that won’t work ‘cause then if it get too cheap they’l’ slow or stop production and prices will go up again…. and if prices go up they’ll produce more and ….start….selling it …..overseas more. Gee, simple solutions aren’t so simple.