I probably mentioned this before. Night before we left for Myrtle Beach when hurricane Katrina (2005) was headed toward US, gas was $1.89 at the pump. They warned gas would be going up so I filled the tank.
The NEXT MORNING when we left for MB, the gas was $2.39. .50 cents overnight AND THE HURRICANE WAS NOT EVEN here yet (US). It's never been back since.
Every time it would move downward, there'd be some B.S. reason .... pipe inspections, plant maintenance, Saudis ..... remember, this is the same years (05-07) that the Big oil companies were posting world record profits ......... Hmmmm....
Paid $1.79 yesterday. It may come to pass the ethanol will not be economically feasible and all gas may go back to non ethanol. We hope. Corn does cost money and to turn it into ethanol liquid the expense may be too great.
New York gas tax (including both state and federal tax) is 68 cents. Mine is about 40 cents. We've been hovering just under $2 last couple weeks. I saw $1.95 yesterday.
That still doesn't bridge the gap to Mark's high prices, but it's a big chunk.
Just saw an article written today saying they are talking about raising the gas tax in my state 10 cents. Figures, with gas so cheap, they use it as an opportunity to raise taxes.
