Speculation does FAR FAR FAR FAR FAR more to raise prices than the puny tax on oil.
Last year they used us (The left) like suckers to spread the "Peak Oil" theory to get the public scared and let them jack up the prices.
Instead we ought to have looked at the real issue "Peak Refine" People were stockpiling gas at one point during the raise and that push refineries to the limits. Our aging refineries wont last 500+ years but because of the peak oil theory building a new refinery sounds silly and thus they get to keep gas prices higher.
There are lots of ideas now how to build smaller regional refineries even some to generate more of the badly needed diesel fuel so we can start driving more efficiently.
Taxes have zero to do with it.
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