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In the gas prices all over the world, not so far from USA, here in Canada, we have a $8.00 per gallon and more at the begining of last summer.
ReplyDeleteMany Canadians living near the US border went in USA to fill up their vehicules.
Yes, stop blaming the President for it because this is becoming a real joke.
When things aren't going well you blame it on the President but when somethings are improving or going well it's never his achievement.
For the first on healthcare crisis, we have universal healthcare system so no companies are making money with it.
Yes, according to the corrupt repubs Biden is responsible for inflation in the U.S.
ReplyDeleteYes, here we're paying almost x2 the price per gallon which makes it expensive. And we know why: 31% of it is State tax. But at least we can spend that oil driving on routes and highways that are not in decay. Still I believe that such a consumer product should be mainly taxed at its source, and the outrageous record profits displayed by the aforementioned oil companies prove that point.
ReplyDeleteP.S.: I looked it up and did the math, from $4.46/gallon U.S. citizen only pay about an average 8% tax - both state and federal. This should leave quite a comfortable margin to the federal state to tax the oil companies' profits, and this only by taking example on other Western countries, don't you think?
ReplyDeleteBernie Sanders was on CBS Morning, his comments were about the top 1% and companies not paying their fair share in taxes and ETC.
ReplyDeleteLaurent - Absolutely.
ReplyDeleteLuv - Nothing ever comes of it.
ReplyDeleteThe well-off corporate CEOs will claim they are looking out for the best interests of their stockholders. As a fiduciary. But when they do that, they are also looking out for THEMSELVES as they can get compensation in company stock and such!
ReplyDeleteAs the price of crude is lower than $80.00/ barrel right now, that should mean lower gasoline prices, BUT now they claim "short supply" as a reason to keep the prices high. Of course, THEY are the ones who said "delay drilling" to make that situation happen. So, at the least, we have 6 more months of higher gasoline prices to deal with. By then, most will be used to current levels and expect them to stay there, which they will.
IF gasoline and diesel prices came down to what they were way pre-COVID, that would mean consumers would start consuming again. But then with the supply chain issues, that might increase inflation (more demand than supply), SO . . . we're screwed any way you look at it!
Guess which political party almost all CEOs might identify with? I highly suspect "Republican". As with many REpublicans, "It's never my fault", although they certainly contributed to or orchestrated it.
Anon@6:11pm - It's all a racket and we are the ones who pay for it. Literally and figuratively.
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