Gas is Going Up Again

We shouldn’t be too happy about the drop in gas prices… because they are expected to go even higher than they were last year in August. The national average was over four dollars a gallon then, and could be higher yet this time around.

The main reason for this is because of the new gasoline tax the government is going to pass through law to help pay for the massive stimulus bill that was recently signed into law and put into action. Also because our new president said there will be no off-shore drilling. Which if you’ve read my other articles you’d know how I stand on that and how much it would help. But the cost of Crude oil has gone up, too, which affects the prices of gas at a later date, which that date is approaching now.

So by not drilling any new oil, putting a higher tax on it, and of course the inevitable rise of Crude oil means an eminent spike in your gas costs. Filling up your car shouldn’t be this expensive. Even the tax is going to add another twenty cents a gallon that you’ll have to pay. This money is of course going to pay for roads and bridges.

The stock market is also hammering gas prices. The stocks for oil companies is going dropping so it’s cutting their profits, hence making them increase the prices of their products. (Gasoline) the lower their stock drops the more gas will costs in the future. This new tax bill also taxes the oil company’s profits, which will make them lay off workers and raise the price of oil. So this tax is going to hurt more than help.

So look forward to gas going up.

This is my advice; start buying gas cards. Now that gas is much cheaper than it was, the gas cards are cheaper. So if you buy ten dollars worth of gas on a card, you can use it you get more later when it’s too expensive. Other than that there’s nothing you and me can do about it. I’m lucky not to have a automobile.