Yuck! $4/gal Gas Prices!

[HappiHenri]

When I left California last June we paid $4.11 at Shell - to buy just enough gas to get us to Arizona so I could buy it for $2.89/gal. Californians had the chance to try and reverse this continual upward taxation trend by recalling Newsome just a few weeks ago - but did not, so expect prices to go even higher. They were last increased this past July 1st. The state continues to cry that they need higher taxes to improve roads - but that's not where a lot of the fuel taxes actually go - so they simply call for even higher taxes in the future.

To make it worse - California pumps out the highest state gas tax rate in the country at 66.98 cents per gallon.

What a state. ugh . .

[DGRBRUV]

Originally Posted by BobC

I just filled my gas tank up for the first time in forever: $235.50 ($4.00/gal at Costco)!

Hi, we are in Wales (UK) and fuel here is the equivalent of $9.6 dollars a gallon, so I envy you guys .....ha.ha

[Tom Ficca]

We were an "OIL INDEPENDENT" country until the currant People in the White House put a STOP to that ! We can ALL thank that CLOWN for what we are paying now !

[RocknRoll]

Overall inflation is actually in double digits. Energy prices have a direct effect as oil is utilized in basically every consumable.

In a healthy economy, price increases are usually from demand. No so this time. Gas prices have risen ~50% since November 3rd, 2020 due to:

1. Mass printing (inflation)
2. Pipeline shutdowns = import increase
3. Supply chain
4. Taxes and Regulations

https://ycharts.com/indicators/us_gas_price

IMO, we haven't seen nothing yet. If/when oil hits $100+, the poor, working class & retirees are going to feel some pain.

Let's Go Brandon!

[jimkamery]

I have to agree with Tom above. Totally a supply and demand issue caused by the government. [MOD EDIT - POLITICAL CONTENT REMOVED]

[creativepart]

Political posting is not permitted. The politics of gas prices, taxes and government policy and elections is obviously political content.

This thread is closed.