It can always get worse. People tend to place too much blame on the president for economic problems. In truth the president has very little control over what the economy does.pbailey wrote:All I can say is the past eight years have sucked. All it can do is get better. Gas should have never reached to the area's they reached.
Who's family is in this market area.
May I rest my case!!!
If you want to gripe about the price of gas then keep in mind who is truly to blame for the high cost. Here is part of an article from 2005 but it does address the true cause of the problem.
Although there are other causes of high gas prices, such as high gasoline taxes, the primary cause is environmental regulation. For example, environmental regulation significantly restricts drilling for oil in Alaska and on the continental shelf. More drilling could considerably increase the gasoline supply (up to 20% from greater Alaskan drilling alone) and thus lower prices.
Further, there are currently eighteen different gasoline formulations in use across the U.S., making it much more costly to produce and distribute gasoline. These blends aren't needed due to requirements of automobile engines, nor are they required by oil companies. The blends, including different ones used at different times of the year and in different states and cities, are forced on Americans by environmental regulations.
The situation is worst in California, where environmental regulations are strictest. For example, California was one of only three states to require the removal of the octane booster MTBE in January 2004. This reduced the gasoline supply by almost 10%, since MTBE made up about 10% of the gasoline supply.