Quote:
Originally Posted by holemilk00
Other countries that pay more per gallon/liter of gas, also have a higher median income per household. Not to mention they have little to no domestic production of oil. When you look at the economical end of how gas prices are determined, and you take out oil speculators, we should be paying around $2.49
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Quote:
Originally Posted by ILoveMyRHS13
I'm just going to keep paying for it. We still have gas MUCH cheaper than a lot of other countries. Premium just hit $4.03 yesterday, so it's only a matter of a month or so before we actually see $5, haha.
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Read what I said earlier. Those countries that pay so much more than we do, do so because they have no domestic production. Did you know that the US produces enough oil to be self sustainable? The problem is its too profitable for those companies to sell that oil to countries that other oil producing countries won't do business with than to keep it in the states. Even still, of our oil consumption 51% of it is domestically produced, out of the 49% left, less than 17% of that comes from northern Africa (Libya) and less than 9% comes from the middle east. We import most of our oil from Canada. These numbers were form a HLN story on two nights ago. I DVR'd it to show my dad.