Gas Prices

Yes, gasoline prices are high. Yes, it requires a budget adjustment. Why is this the case? What can be done about it?

Inflation is always an applicable reason. In the past, petroleum cost has increased at a rate less than that of inflation. This is part of a natural adjustment. How about the "gas tax"? Obviously taxes (in one form or another) are necessary to fund government activities. This tax gives the government approximately 18% of the price you pay at the pump. The oil companies only see about 5% as profit. Who's doing the work and who's making the profit?

So you want a solution, eh? Remove all of the rediculous red-tape and allow our petro companies to drill the wells on our soil. Our nation holds the second largest reserve known. As soon as these companies begin preparations, the foreign companies will drop their prices just to keep the business coming. Lest we forget the laws of supply and demand.

So stop complaining. Contact your goverment officials and request that they make some changes to allow this nation to be competative in the petroleum market and reduce our dependence on foreign oil sources. Go forth.