Yesterday I wrote about why gasoline prices are higher, and why gasoline is not yet overpriced. But I forgot to include one little factoid that brilliantly illuminates the hypocrisy of the gasoline price yammering of both our legislators and the liberal’s lapdog lamestream media. It is this:
Fact 1: The oil company’s profits last year, in toto, were between 6 to 9 cents per gallon, depending on whose estimate you care to believe.
Fact 2: In my county (San Diego County, California), the total gasoline taxes (federal, state, local, and indirect) are about 60 cents per gallon; in other states the amount varies, but in all cases it is similarly high.
If the definition of gouging is the extraction of unreasonable profits from a product, especially by monopolistic methods — then isn’t it our government who’s the big gouger? With ten times the “gouge factor” of those nasty, evil oil companies?
Ponder this the next time you hear some public talking head decrying the “gouging” of the oil companies…
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