At least it’s not as bad as it was when the gas companies raised the price at the pump as soon as the price per barrel was raised, sometimes several times in one day since they “had to take into account what it would cost by the time it got there”, but only lowered the price at the pump after it went all the way through the refining, etc. process, and then it sometimes took a few days. Those oil company CEOs had to make a profit after all.
Inflation even faster than we’re seeing on gasoline
Government price controls
Bank closures
(some streets impassible due to infrastructure neglect… except that is ALREADY true)
† This is the expected outcome of continued / increasing use of a limited resource. That we aren’t ALREADY seeing prices in the $10/gallon range is a credit to ever more ecologically disastrous drilling locations and processes. But it IS a limited resource, so prices WILL (eventually) go up.
I was at the gas station yesterday. The guy in front of me bought five dollars worth of gasoline. And I’m like… Is he traveling from pump number three to pump number six??
This price inflation is the result of Trump’s big tax cut, with the money finally ‘trickling down’. Repeal the tax cut, and inflation will go away. Simple.
The price of gas here in British Columbia has long been about US$ 4.77 / US gallon, including carbon and sales taxes.
But what I think is often missing is the fact that a high gas tax is a good thing for the environment—it encourages and incentivizes drivers to: buy more efficient vehicles; commute less by working closer to home or vice-versa; keep vehicles tuned; walk instead of drive to the corner store; and in general use less of a non-renewable resource and generate less carbon in the environment. People can’t pretend that this is a new thing—there have been shortages and environmental concerns for decades.
(I remember driving between the US and Canada during the gas shortage of 1973 [I think it was]: many gas stations were enforcing state rules that were requiring minimum purchases of 5 US gallons at a time—not much more than what my 1973 Austin Mini 1000’s gas tank could hold, so I often had to do some explaining every time I bought gas, even when my tank was almost empty. (Mini got 50 miles / US gas on the open road, 38 in city driving, and 37 on the highway.)
RAGs over 2 years ago
At least it’s not as bad as it was when the gas companies raised the price at the pump as soon as the price per barrel was raised, sometimes several times in one day since they “had to take into account what it would cost by the time it got there”, but only lowered the price at the pump after it went all the way through the refining, etc. process, and then it sometimes took a few days. Those oil company CEOs had to make a profit after all.
DrDon1 over 2 years ago
Interesting how gasoline prices “inflate” … certainly explains why ExxonMobil and Chevron reported increased profits….
Concretionist over 2 years ago
What would be worse:
No alternative fuels available for automobiles
No gasoline at any possibly useful price†
Inflation even faster than we’re seeing on gasoline
Government price controls
Bank closures
(some streets impassible due to infrastructure neglect… except that is ALREADY true)
† This is the expected outcome of continued / increasing use of a limited resource. That we aren’t ALREADY seeing prices in the $10/gallon range is a credit to ever more ecologically disastrous drilling locations and processes. But it IS a limited resource, so prices WILL (eventually) go up.
Radish the wordsmith over 2 years ago
Be thankful you are not homeless.
apfelzra Premium Member over 2 years ago
Republicans love criticizing the Biden administration for rising prices. What, pray tell, would THEY do differently?
Johnnyrico over 2 years ago
I was at the gas station yesterday. The guy in front of me bought five dollars worth of gasoline. And I’m like… Is he traveling from pump number three to pump number six??
FrankErnesto over 2 years ago
This price inflation is the result of Trump’s big tax cut, with the money finally ‘trickling down’. Repeal the tax cut, and inflation will go away. Simple.
djtenltd over 2 years ago
@RAGs- Which is a damn shame because these people have been trillionaires ever since the 40s and probably before then!
cherns Premium Member over 2 years ago
The price of gas here in British Columbia has long been about US$ 4.77 / US gallon, including carbon and sales taxes.
But what I think is often missing is the fact that a high gas tax is a good thing for the environment—it encourages and incentivizes drivers to: buy more efficient vehicles; commute less by working closer to home or vice-versa; keep vehicles tuned; walk instead of drive to the corner store; and in general use less of a non-renewable resource and generate less carbon in the environment. People can’t pretend that this is a new thing—there have been shortages and environmental concerns for decades.
(I remember driving between the US and Canada during the gas shortage of 1973 [I think it was]: many gas stations were enforcing state rules that were requiring minimum purchases of 5 US gallons at a time—not much more than what my 1973 Austin Mini 1000’s gas tank could hold, so I often had to do some explaining every time I bought gas, even when my tank was almost empty. (Mini got 50 miles / US gas on the open road, 38 in city driving, and 37 on the highway.)