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Very interesting point, shek. I haven't thought about it in that term.
The Congress is also considering suspending the federal gas tax for 2 months to ease the price at the pump. Federal gas is a straight up $0.18/gal. Not a whole lot of savings and may in fact generate more demand, or delay the decline in demand, however one wishes to look at it.
California charges a state gas tax and a sales tax on top of that. Both are by percentage. So we are being gouged more at the state level than by the feds.
Basically, we need to learn how not to waste gasoline. We shouldn't use a lot of it just because it's cheap. At the same time, we shouldn't gripe when it gets expensive. Oil price is determined on the international market rather than individual oil companies. Unfortunately the public has failed to see this point.
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