The Ramblings of the Millahtime Man

Tuesday, September 28, 2004

The Pres and Gas Prices

I know it has been some time since I have written. Been busy but I'm back now and I am going straight to my view on the current Presidential Campaign. I have noticed many people misinformed when it comes to voting and what the Pres can and can't do.

A few days ago I was talking to another person who is going to vote for the Pres based on gas prices. And I go to thinking about why the prices are what they are, how do they compare to inflation and what does the Pres have to do with it.

Well, when gas prices are compared to inflation it isn't all that bad. The all time high in today's dollars is about $3 per gallon. Where I am at in Michigan the rates are under $2 per gallon. Not too bad there. The prices were just kept low for so long that eventually there was going to be a bit of an increase to catch up to inflation.

Then there is the issue of why gas prices are on the rise. Inflation isn't the only reason. There is the supply and demand for oil issue. Turns out that the oil producing countries are producing more oil than they ever have before. But the demand is on the increase. Well, China has about 1 billion people who are now having a better lifestyle and more cars. They are demanding more gas. So, as far as supply and demand go... there is more demand then there used to be even though more gas is being supplied.

How does the President fall into this? Iraq maybe...... but No. Going into Iraq made little to no change in oil production and has done nothing for the US. And if you think we went over there for oil then your nuts. So, what can the Pres do for oil???? Pretty much nothing. So, electing the pres based on the price of gas won't make a difference... even if a candidate says so.

For anyone who doesn't know... oil is a key ingredient in gas. That is how the two tie together.

So, how do we solve this problem. We could find more sources of oil, take out the competition for the oil or get onto technologies that don't rely on oil. For this to work consumers would have to be really interested in the alternatives and that is one of the big holdups. Consumers may say they want lower gas prices and more nature friendly alternatives but when push comes to shove they don't want to give up their gas.

So, in conclusion to my ramblings... the Pres can't really affect your gas prices so if your basing your vote on that it might be time to reconsider why your voting for your candidate.


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    By Blogger gastips, at 4:35 AM  

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