Peak Gas Prices Said to be $4.15
Well, we’ve heard all kinds of theories, but unfortunately the one that’s sticking and seems to be consistent is that we will indeed be paying over four dollar for our gasoline this summer, and there’s not an end in sight that I’ve heard of.
The problem is that our government is trying to talk the major producers of crude to increase their production, to no avail. It’s the whole law of supply and demand that is driving the price up, and even though the demand for gas has reportedly decreased due to the increase in price, it seems to still be working against us.
It doesn’t help that our government has voted against a windfall profits tax on the major oil companies, which means they are not being punished whatsoever for charging astronomical costs for gas at the cost of consumers, padding their wallets. Let me rephrase that. Windfall profits means just that, they are making more profits because of this increase.
If the problem really was that the supply isn’t enough, then wouldn’t their profit stay the same? It just goes to show that they are making more money from this unfortunate situation. It’s hurting the consumer and the economy, further squeezing people who are already maxed out beyond belief. It seems like no one can do anything about it, which makes it all that much more frustrating.
My theory, call it far fetched, is that the oil companies know there is a better alternative to gasoline powered vehicles on the horizon, and they are making the most money while they still can. Just a theory, but I think that is part of what the problem is here. Any thoughts you want to share on this unfortunate predicament are valued. I know there are tons of theories out there, and a lot of venting going on, as there should be.
