Quote:
Originally Posted by
1guyDude http:///t/388103/just-paid-2-90-for-gas#post_3420407
it aint goin down man! Other contries pay something like $5.00/gal
I use premium and believe me my lil VW aint cheap....not to mention my side skirt fell off today and i ran it over LOL!!!!
I think premium is something like $4.10/gal here in Wa....seattle wa not DC wa lol
We have the capacity and ability, just not the political will, to produce all of our own oil. The countries where it's $5-8 a gallon import all of theirs and have no ability to produce domestically. It was the deregulation of oil trading in 1997 that guaranteed we will never see 75¢ a gallon gas again. It used to be that you could not buy or sell oil unless you produced, refined or retailed it. But when Clinton and the sellout Republicans passed the deregulation of the futures, that spelled the end of cheap oil-thus cheap gas. Another one of many reasons I am no longer a Republican. Ben Stein has an interesting piece on the subject and how big companies, like Goldman Sachs which is the largest oil commodities and futures trader in the world, are buying and selling oil like 6 or 8 times before it gets to refiners and 6 or 8 times after refining and eventually to us. These massive gas prices were planned by both parties when they deregulated oil trading.