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Night Owl - Knowledge is the Past. Wisdom is the Future.
Tuesday, March 23, 2004
It's the Gas Prices, Stupid
From Reuter's via Yahoo:
U.S. average retail gasoline prices hit an all-time high on March 23, 2004 as a tight-fisted OPEC (news - web sites) policy and rising demand constricted supplies, according to the American Automobile Association. The average price for regular gasoline at the nation's pumps was $1.738 per gallon, up a tenth of a cent from the previous record hit in late summer 2003, according to the motorist group's survey of more than 60,000 stations. (Reuters Graphic)
You think this might be something an agressive, pro-active, Democratic candidate for President might be able to use against an Administration dripping with oil barons? I personally would love to watch Bush squirm as he tries to defend his buddies for their greed.

Anyone remember the windfall profits tax? A pretty popular tax on big oil for their price-gouging at the pumps during the 1979 oil shock. Good for the budget, and popular with those who are fed up with corporate tax cheats.

Posted by Night Owl at 1:30 PM PST
Updated: Tuesday, March 23, 2004 1:44 PM PST

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