A Quote by Jim Sensenbrenner
After the last two years of springtime gas price spikes, nearly everyone in Southeast Wisconsin understands that something is wrong with our gasoline regulation and supply system.
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The price of crude oil accounts for 55 percent of the price of a gallon of gasoline, driven by global supply and demand. The United States depends on foreign sources of oil for 62 percent of our nation's supply. By 2010, this is projected to jump to 75 percent.
Say that Congress legislates gasoline price controls that sets a maximum price of $1 a gallon. As sure as night follows day, there'd be long lines and gasoline shortages, just as there were in the 1970s. For the average consumer, a $1.60 a gallon selling price and no waiting lines is a darn sight cheaper than a controlled $1 a gallon price plus searching for a gasoline station that has gas and then waiting in line. If your average purchase is 10 gallons, and if an hour or so of your time is worth more that $6, the $1.60 a gallon free market price is cheaper.
A variety of factors contribute to the price of gasoline in the United States. These factors include worldwide supply, demand and competition for crude oil, taxes, regional differences in access to gasoline supplies and environmental regulations
A variety of factors contribute to the price of gasoline in the United States. These factors include worldwide supply, demand and competition for crude oil, taxes, regional differences in access to gasoline supplies and environmental regulations.
Everyone knows it's dangerous to ingest gasoline or to inhale its fumes. But I am starting to believe that merely thinking about the price of gasoline can damage cognitive processing.
Yes, we could talk to you for days on end about all the bad first dates. Those are stories. Funny stories. Awkward stories. Stories we love to share, because by sharing them, we get something out of the hour or two we wasted on the wrong person. But that's all bad first dates are: short stories. Good first dates are more than short stories. They are first chapters. On a good first date, everything is springtime. And when a good first date becomes a relationship, the springtime lingers. Even after it's over, there can be springtime.
Here is a principle to use in all aspects of economics and policy. When you find a good or service that is in huge demand but the supply is so limited to the point that the price goes up and up, look for the regulation that is causing it. This applies regardless of the sector, whether transportation, gas, education, food, beer, or daycare. There is something in the way that is preventing the market from working as it should. If you look carefully enough, you will find the hand of the state making the mess in question.
We have parts of our system which are overwhelmed by regulation. It wasn't the absence of regulation that was the problem. It was despite the presence of regulation you got huge risks built up.
In addition, for almost a year now I have been urging the President, the Department of Justice, and the Federal Trade Commission to investigate suspicious gas price spikes.
As gas prices continue to drop, 28 states are now selling regular gasoline for less than $2 a gallon. It's getting cheaper to pump two gallons of gas outside the station than it is to pump two squirts of nacho cheese inside.
This country pays a price whenever our economy fails to deliver rising living standards to our citizens - which is exactly what has been the case for years now. We pay a price when our political system cannot come together and agree on the difficult but necessary steps to rein in entitlement spending or reform our tax system.
Unlike fuel-economy standards, the most common method of reducing demand for oil over the past thirty years, a gas tax doesn't tell people what kind of car to drive. It simply raises the price of gasoline and lets people adjust their behavior accordingly.
Since I walked in the door as secretary of energy, I've been doing everything in our powers to do what we can to reduce these gas prices. ... So, of course we don't want the price of gasoline to go up; we want it to go down.
Even if gas prices fall, consumers will continue to be gouged at the pump the only thing that we can be sure rises faster that the price of gasoline is the skyrocketing profits of oil companies.
The supply price and the demand price should be roughly the same. You're not supposed to have two different prices. According to economists.
Number one, we need to get in shape, number two we need to shoot, number three, we need to learn self-defense, and number four, we need to study small-unit tactics... If you do not have 5,000 rounds of .223, 5,000 rounds of .22 and 1,000 rounds of handgun ammo, as a MINIMUM, you're wrong. We need to train our families how to shoot as well. We need to get food. We need to have a year's supply of food, two years supply of seeds, we need to have a year's supply of sundry items. That's what it means to be an American. We prepare for the worst but hope for the best.
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