U.S. Gas consumption declines as prices soar

From the April 2nd Bulletin. AP

Americans have pumped less gas every week for the past year, for a 3& decrease. That should mean that gas prices are dropping. But, NO!!

Gas prices are rising...and fast. The national average for gas is $3.89, $4.30 here in northeast Illinois. What gives? According to the cornerstone of capitalism, the law of supply and demand, if demand goes down, prices should follow.

We have a severely contorted form of capitalism right now. We're using less gas, but Big Oil is making less in their attempt to keep prices high and to approach their much-desired $5 a gallon.

One reason for the decline in gas consumption is better mileage vehicles, something that we should have been working toward all along. The average car gets 24 miles a gallon now on the highway, of course less around town. Just four years ago, that total was just 20 mpg.

Unfortunately, the government does not appear to have any intentions to really hurt Big Oil for this. They have to be at the bottom of this. Proof is their huge profits and we have another round to be reported very soon as the First Quarter ledgers are soon to come out.

This Really Burns Me. --RoadDog


WILL ROGERS WOULD HAVE SOMETHING TO SAY.