Are We Gassed?

[Metro Jacksonville]

Are We Gassed?



Despite an influx of more fuel-efficient vehicles, the average American household spent nearly $3,000 on gasoline in 2012, or about 4 percent of their pre-tax income (which is the highest proportion in history). Find out how we compare with the rest of the world and what we can expect in the coming years.

Read More: http://www.metrojacksonville.com/article/2013-nov-are-we-gassed

[Redbaron616]

Too much of this information is misleading by leaving out critical information.

For example, gasoline in Caracas is heavily subsidized by the socialist government. Gas might be cheap at 12 cents, but it is the only thing cheap in Venezuela as inflation is out of control and the government takes over more and more of the economy. So regardless of how cheap the gas is there, it is hardly a price set by the market.

One important factor omitted entirely is the fact that oil is universally priced in dollars. When the value of the dollar is damaged by Congress and the President continually borrowing to spend more than we take in, the price of oil goes up to compensate for the lessened value of the dollar.

[Garden guy]

End all of the tax breaks and subsodies for these rich rich companies...it has never made sense and never will..

[Ocklawaha]

Redbaron616
December 01, 2013, 06:08:58 PM
Too much of this information is misleading by leaving out critical information.

For example, gasoline in Caracas is heavily subsidized by the socialist government.

True, the pain in Venezuela is having a fantastic reverse effect in Colombia. Industrialists, Industry, Corporations of every description, every mom and dad shop that can be loaded on the truck is bouncing over the border into Colombia's free enterprise market. Before Libia and I left there, folks with money, education or means that were victimized by the 'Nut Next Door,' were snapping up our condos as fast as they could be built or sold. A condo in Medellin today will set you back a cool $250,00+ USD.

Maybe when the latest 'Workers Paradise' collapses into a smoldering heap, Colombia will annex Caracas... LOL!

Here is how it sits at the moment. Ten years ago, Colombia was an importer of oil. Today, it is Latin America's third-largest exporter of oil to the United States following Venezuela and Mexico. Eleven of the eighteen foreign oil companies drilling in Colombia are U.S. owned corporations. Private investment has financed the exploration of one third of Colombia's territory. With the majority of the country's known oil reserves "having been discovered by private companies, private investment will be essential both to maintain future exports and to explore the two-thirds of the country not yet explored for oil."

BRING ON THE UNIT TANK TREN'S CHICOS.

Great job Cesar! CHA! CHING!