Almost every time I turn on the national news these days I get bombarded by some news piece decrying the ever increasing price of gasoline in the US. With unleaded gas prices topping $2/ gallon in many places the news media frenzy has gotten worse and much more frequent. I get tired hearing about this as if to imply some conspiracy to force the prices up is being masterminded by either the US government or US oil companies.
FACT: gasoline prices in the UK and other EU countries is over $5/ gallon and has been for some time.FACT: milk is over $4/ gallon in some places in the US. I’m not an expert in milk processing but it seems to me it must be predominantly locally produced with few imports like there are of oil. I’d be surprised if there’s a lot of processing (refining) costs for milk compared to gasoline.FACT: bottled water- the kind you pick up at the convenience store on your way to/ from working out, has cost more per gallon than gasoline for years. It’s no wonder that EVIAN spelled backward is NAIVE.FACT: currently 31% of the price of gasoline is federal and local taxes.We have it pretty good price wise in the US for gasoline compared to most places in the world so let’s quit bitching about it.