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Friday, May 28, 2004

As I mentioned in an earlier post, there is much more to the current increase in fuel prices than some politicians would have you think. CNBC/MS Money Central's recent story on the matter, "A long, hot summer at the gas pump" clarifys a lot of the questions. Supply, international and domestic demand, international politics, taxes, limited refinery capacity (environmental), profitability all play a part.
There is a state by state comparison of the fuel taxes, reviewing some of that data, with a little analysis, will leave you scratching your head. Other data will have you shaking it.
Then there is the comparison internationally. Venezuela, one of the primary contributing problems listed has the lowest domestic prices, about 14 cents per gallon. The Dutch, those defenders of liberality and permissivness, have the highest listed prices at $5.83/gallon.
Then there is the biggest shock of all, the current prices are not the highest this country has seen, adjusted for inflation.
Read the article, inform yourself, while you drink you $3 cafe latte ($48/gallon)and $2 Perrier ($21/gallon), and stop whining so much.

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