Just as gasoline prices jumped in California due to refinery shut-downs, the fuel prices on the East Coast will jump in the after-math of Sandy.
We all understand short supply. Refineries shut down and no trucks have been able to deliver gas. However, why the increased prices? How does paying more at the pump enable refineries and delivery trucks to deliver? When the storm is gone there should be no increase, but we don't live in 'the land of should'. We live in the land of giving the consumers the shaft.
Recently, many articles (and there will be more to come) have been printed to inform us that oil independence has nothing to do with what we will pay at the pump. The response to those articles should be: we have the solution. A federal law prohibiting the export of any fuel products until gasoline prices (including taxes) is at $2 per gallon. Such a law would cause a glut of gasoline in the USA and prices would tumble.
Our number one export is fuel. Let the oil barons take care of their country.
In the meantime, get out your wallets. Your gasoline will be more expensive because of Sandy.
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