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Oil & gas industries ought not be blamed for the high cost of fuel.
Taxation and regulation from federal, state & local governments are
the cause of our high fuel prices.
Outraged consumers of fuel should be aware of the following taxes when
they complain about the high cost of fuel: federal gas exise tax: 18.4
cents per gallon, federal diesel exise tax: 24.4 cents per gallon,
federally mandated MTBE 10 cents per gallon, Kentucky gas exise tax 15
cents per gallon, Kentucky sales tax 6%, plus local taxes and
regulations.
"Gas-outs", "gasoline revolts" & government
intervention should be
seen as anti-capitalist attacks against our oil & gas industries based
on politically-correct, leftist economic fallacy. President Ronald Reagen
got it right when he said, "Government is not the solution to our
problem. Government is the problem."
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