The average price of gasoline has now reached an all time high in the United States at $3.03 per gallon. Higher even than in the Hurricane Katrina aftermath. The recent cease fire and UN agreement between Israel, Lebanon, and the Hizbollah and the recent downgrading of the years predicted hurricanes and gulf coast storms have reduced the risk to the oil industry. There are no foreseen major disruptions or implications to the oil supply in the near future so experts are saying the price of crude oil on the world market should be seeing a large drop over the next few weeks. That's not to say that George Bush won't create something again to help his Big Oil friends and campaign contributors.
Over the last few months Americans have been shelling out upwards of $3 per gallon on average and equipped with a stalled and weakening economy this really hits the middle and lower class in the pocket books. To weather the storm, savings have been ravaged and Americans are saving less and carrying more debt than ever. 90 percent of Americans carry debt and the average credit card debt is now well over $10,000. This is in part due to George Bush and his republican view that the middle class needs to disappear.
George Bush has passed laws and paved the way for Big Oil to have its biggest paydays ever. Exxon Mobil and other oil and energy companies are reeling in record profits this year at the expense of the average American. George Bush and the rich don't feel the squeeze as the middle class does. They use their creative tax write offs, accountants and tax lawyers to whittle away their taxable income to around or below 1 percent on average for the rich and wealthy. The middle class, on the other hand, pays an average 0f 30 to 35 percent of their income in taxes. Is this fair, absolutely not, but since the rich aren't paying their share of taxes it has to come from somewhere.
Regardless, right now there are no soon foreseen oil commerce problems and so the price of oil and therefore gas at the pumps should be dropping and the American consumer should be seeing a little relief. Just don't tell George Bush about this or he, Big Oil and his Saudi Friends will find a way to bring the price back up. I don't see why the government can't take over the oil industry like they did with USPS, the United States Postal Service and mail delivery. USPS is one of the best run industries in the U.S. and it is still the cheapest method for mail delivery in the states or overseas. IF USPS ran the oil industry in the U.S. gas would be $1.50 or so per gallon. USPS doesn't charge what the world market price is for mail delivery and shipping it charges a fair price and doesn't make $12 billion in sick profits and $100 million dollar CEO compensation packages. George Bush could learn a lot from USPS and needs to stop screwing with the middle class and helping out his rich friends.
