Nitro Power said:
BoydCrowder13 said:
Nitro Power said:
BoydCrowder13 said:
Nitro Power said:
BoydCrowder13 said:
Onceaggie2.0 said:
According to boyd crowder extra $20 at the pump is all good
Just not that big of a deal for most people. Irritating? Sure. But if $20 a month in gas is going to break your budget, you are living dangerously on the edge.
Gas taxes suck though. I am okay with fuel prices being higher if it helps Houston or Texas based energy companies. Gas tax only helps the government.
That being said, I guess if you had to raise taxes I'd rather it be a consumption or flat tax than a progressive tax.
Gas prices (while annoying) don't move the needle for me as much as home insurance, property taxes, car insurance, etc. Those tend to impact the budget a little more.
In summary, these type of fuel increases only help the government. I prefer them to a progressive tax if those are the 2 options. They are irritating but not devastating to most people.
Yes, because the increased cost will ONLY show up when you purchase a tank of gas. Ignorance is bliss I guess.
It will show up other places. Though fuel prices will continue to ebb and flow. Just like they have for the last 20 years. Commodity prices can increase or decrease in a week.
What exactly is going to cause commodity prices to decrease at this point in time? The answer...not a damn thing. Adding any increased cost will simply compound the inflation we are experiencing.
We will see. All it takes is Russia or Saudi to decide to turn on the spigot.
All I see is If's and But's from you. No real reasoning...
Let's try a different approach. In case you are not aware, supply chain across the board is a disaster. In many cases, it is a lack of raw materials; however, that only tells half of the story. In other scenarios the materials are ready to go, but you cannot get them shipped. Why does this matter? Simple supply and demand. Demand is up and supply is down, in regards to freight. ANY increased cost will give the freight companies cover to charge 4-5X + for freight. In turn that cost will be passed on through to the consumer.
So your $20 / month gas bill increase is a complete fallacy.
You need to work on your procurement/logistics department if you are getting 4X-5X cost increases pushed on you.
The real reasoning is that average oil prices have gone from:
2004 - $42/barrel
2008 - $100/barrel
2009 - $60/barrel
2013 - $98/barrel
2015 - $48/barrel
2018 - $65/barrel
2020 - $40/barrel
2021 - $71/barrel (today)
Prices have changed due to war, taxes, new innovations, pandemics, increases in demand, decreases in demand, recessions, trade agreements, etc.
Oil prices have a certainty of changing in the next 1-2 years pretty significantly. With demand peaking and supply chains coming back online and slowly filling backlog, the prices will likely drop again at some point.