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| Above, this price is "cheap" compared to what this gas station is charging today. Photo by Armand Vaquer. |
It feels like the late-1970s again.
Gasoline is being rationed. Prices have skyrocketed. Today, I paid $4.39 per gallon of gas. I saw premium gas prices at $4.85 early this afternoon.
The problems involve refinery and other problems (see this article). The knee-jerk reaction would be to blame the Obama Administration. They aren't the blame for the refinery problems, but they are at fault for not allowing off-shore oil drilling (but Obama supports Brazil's off-shore oil drilling, go figure), Alaska Anwar oil fields, the Keystone pipeline or permits for drilling on federal lands. They all add up after a while. While they are killing the oil and coal energy industries, they are pumping our tax money into so-called "green" energy companies, many of which went belly-up like Solyndra Solar.
I suspect that it will be over $5.00 per gallon shortly here in California, if it isn't already.
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