Quote:
Originally Posted by sammyg2
Gas will never hit $1 a gallon. The author of that article doesn't know anything about the subject. Nothing.
Taxes on a gallon are around 65 cents on average, in order for gas to hit $1 a gallon the crude oil would have to be free, the distributor would have to lose money on it, the refiner would have to lose money on it, and the retailer would have to break even. Ain't gonna happen.
The oil companies would be losing too much money and would simply would stop making gas. They are already heading that direction.
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I remember $.99 gas in like 2002 (which corresponds to the low reported in the article but I honestly can't pin the date down) and I remember driving my tail off during that time. Have the taxes on gas been raised since that time?