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Two articles caught my eye this past week. In the first, we learn that Fannie Mae will be asking you, the taxpayer to cough up another $4.6 billion to make up for recent losses.
Average gasoline prices have risen by 17 cents in July. And, given yesterday’s fire at a Chevron refinery in California, prices will rise even further. Most will blame “big oil” (don’t you just love it that “someone” must be blamed for everything in this country). Before you do so, read on.
Why not? Every day we buy products like computers, clothing, and cups of coffee where the advertised price does not include sales tax. Advertisements for rental cars and hotels don’t include taxes either. I guess airline tickets do include taxes … not sure why gas and airline tickets are different than everything else. I understand…
In 2010, the United States consumed about 3.28 billion barrels of gasoline. With 42 gallons per barrel, that’s 137.8 billion gallons. There are state and federal taxes collected at the pump. How much did government collect?
It seems appropriate on Earth Day to write about a story that received little publicity last week, but which could have a major impact on you. The EPA is considering a petition to allow gasoline to contain as much as 15 percent ethanol, up from the current 10 percent. Hence, before you buy a second-hand gas-guzzling…
Gas prices go up. Gas prices go down. Those of you who think there is a daily 7 a.m. ET conference call where the executives from ExxonMobil, Chevron, Shell and Sunoco decide what the price of gas should be that day are wrong. Fuel prices, just like any other world commodity, are driven by the…
When thinking about media coverage concerning gas prices, how different are the approaches today as compared to 2008 when prices went through similar increases?
At least that’s how the headline should read. Liberals have not learned anything in decades, all they know how to do is tug at the heartstrings of the working family and promote feel-good legislation that does nothing. Point in fact; when you increase the tax burden on a business, the business is forced to make…