I guess we can thank the Anointed one for this!
"The dollar slumped to a 14-month low against the euro on Wednesday, pushing the price of gold to a record high and crude oil futures above 75 dollars for the first time in a year."
So when you see prices at the pump, remember, the president controls the monetary system, well at least has a large vote by appointing the Fed Chairman. A crappy dollar means more dollars are needed to buy the same amount of oil!
And as the libs pointed out Bush controlled oil prices to help republicans so that must mean Obama now controls oil prices and he is sticking it to the poor in the form of fuel tax.. Which is at 18.5 cents per gallon.
So an average 10 gallon tank of gas is costing you a $1.85 in taxes! Multiply that by 2.28 cars per house hold and 1 ten gallon tank per car per week = $4.21 or $219.33 annually in fuel taxes per family. Assuming that there are 100 million family's in the US, total revenue from personal vehicle fuel taxes would be just shy of $22 Billion annually!
Taking a swag at the cost per mile to build a highway in the US say $2million per mile averaging of course, the Government could build 11,000 miles of new interstate in 1 year on federal fuel taxes alone. That is roughly 4 new interstates from New York to California roughly 2700 miles!
Interesting.. Anyhow I hope you like purchasing your gas in Swiss Franc!
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