= new reply since forum marked as read
if that mattered to the GOP that they need to actually DO something once in awhile rather than just sit around and point fingers and campaign off of people's misery. Why people whom act as the "scourge" of government are so insistent about being part of it continues to mystify me.
What I continue to find interesting is that gas didn't spike to $3+/gal and become the new "normal" for most people until AFTER the 2010 midterm elections. I remember that gas prices went DRAMATICALLY down following the gas hikes in Summer 2008. Right after the 2008 elections, gas fell dramatically around here- leveling off at about $1.30- and remaining around $2 for most of 2009-2010. It's really hard to believe that there aren't some strings being pulled SOMEWHERE.
Tax increase at the pump is 100% responsible for the rise in Gas Price.
Every gallon of gas sold at the pump contains 10% ethanol & is called E10. Ethanol had replaced 15% of the gasoline sold in this country. 10% was sold as E10 & 5% was sold as E85. On January 1, 2012 the 45 cent tax cut on ethanol was not renewed because the USG needs more tax money. This increased the tax everyone paid at the pump by 5 cents since all gasoline is E10. For E85 users the tax increased by 38 cents per gallon. E85 users switched to E10 gasoline driving up gasoline demand 5% since then. The sudden price spike on the first day of 2012 is the tax hike & the continuing rise is caused by demand increase until the price rises by 38 to 45 cents so E85 use will compete once again holding gas prices in check. Also North Carolina increased their gas tax by 20 cents on the same date.
