Due to our system of capitalism and free enterprise, we'll never have gas prices as low as the countries that have nationalized their oil fields and refineries. According to the American Petroleum Institute, in Texas, for example, approximately 40 cents per gallon is federal exise and state tax. Plus local entities probably get their share on top of that too.
Regardless, the government bears a burden. Other than tapping into the strategic reserves or removing the bar to regional gasoline distribution, maybe the taxes should be reduced or waived.
My question is where did all that tax money go? It sure as hell did not go to improving the oil infrastructure such as making new refineries or renovation. And we are paying the price today.
BTW - I firmly believe that the outrageous price hikes in certain regions is nothing but price gouging. Even the evening news was publishing the telephone number to the State Attorney General's office for complaints.
Thrasher CAI, DHP v1.0 PCM, SLP Headers,
3.25 SC pulley, CAIT GMAF, 2.5 DP/Hi-Flow CAT,
u-bend delete, 160 TS, ZZP Stage 1 72mm TB,
TB spacer, MSD 8.5mm wires, Autolite 103,
Goodyear Gatorback Serp. & SC Belt,
Nitto NT555R Drag Radials
1/4 ET: 13.210 sec. @ 104.490 mph
0 - 60 ft: 1.945 sec.