More BS from the press.

As a general rule when Trump says something he has done his homework.

Trump commented that he saw gas selling for 91 cents a gallon and some idiot reported called him a liar and claimed the national average was about $1.97. The reporter is both a moron and a liar by deception.

While the national average may very well be $1.97 that is because the states tax the hell out of gasoline at various rates. Published gas prices include all taxes. 

Anyway, there are now some states where gasoline is well under a buck a gallon and I'm sure that when Trump spoke someone was selling it at 91 cents.

While we are on the subject of gasoline prices the reason there are such cheap prices is that the Saudis have overproduced and dropped the price to about twenty bucks a barrel. As I type this the storage tanks are full, full, full. The companies have taken to hiring tankers to be used as storage space. It's insane.

I read our domestic producers need to see about $60/barrel to be able to continue to wrestle it out of the ground in order to make any money at all. Sounds reasonable.

The Saudis dropped the price to try and collapse the American domestic oil industry. 

Now when Joe Citizen goes to the pump and sees gas at a buck a gallon he grins like a Cheshire cat. What he doesn't know or may not even care about is the domestic oil industry is taking a BIG hit.

He doesn't care about anything but his here and now wallet. He can't even picture life a week down the road.

It never occurs to him that down the road the Saudis will jack the price back up when the American oil producers cease operations and he will be at their mercy.

Before you start bitching about the 25 cent a gallon gas you used to get back in the day take a minute to remember that back then you grossed about $50 a week.







To find out why the blog is pink just cut and paste this: http://piccoloshash.blogspot.com/2009/12/my-feminine-side-blog-stays-pink.html NO ANIMALS WERE HARMED IN THE WRITING OF TODAY'S ESSAY