Doc…"Unlike natural gas, there is no glut of oil worldwide, and the $120 international price of oil dictates what you pay for gasoline, not an excess refining capacity in the USA."
NO IT DOES NOT, short term. It’s market pressures.
There is no glut of natural gas world wide, and that is what will ultimately determine nat gas prices as a transportation fuel along with tax incentives in any country as it is now for gasoline.
In the US 7/12 2008 gas average was 4.12
11/29 2008 1.69
3/22 2008 3.87
The price of oil per barrel did not change by 50% during that time. Please remember there IS a manufactured glut of gasoline and still, the price goes up. Gas to be sold to the highest bidder abroad on the world market, driving up prices here, as world price per gallon of gas moves in harmony but lags behind changes in oil prices REGULATED by OPEC, the biggest producer of EASY access oil.
But, my contention is still that this so called GLUT of natural gas will not suddenly make all natural gas users, if and when they ever come on line, cut costs dramatically. The so called plan is to make long haul users of nat. gas to relieve the price of diesel, which affects the cost of everything. That is a good economic strategy. The only long term strategy for lowering personal transportation costs is the ultimate flex fuel vehicles. EVs.
Kmccune “Well Dagosa the Military basically uses one high grade blend of Kerosene for everything(including the motor cycles which makes good sense(kinda like operating on Zulu time).The trouble with taxes they even hit the innocent in a round about way at times,thats why I like user fees…”
I hear you but what is your point ? Gas taxes ARE user fees that work in concert with the number of miles you use our roads.