Oil and gasoline production in the U.S. is higher than ever, and U.S. drivers are using less gasoline today because of more fuel efficient cars. So the price American motorists pay at the pump should go down, right?
Wrong, because U.S. oil companies and refineries are selling higher volumes of oil and fuel abroad so they can make even more money. They're forcing Americans to compete for worldwide gasoline prices.
OK, if this is how they want to operate, our government (U.S. taxpayers) should discontinue subsidies and tax breaks to these oil companies and refineries!
Furthermore, since Americans are now competing for worldwide gasoline prices our government should allow individual states to purchase gasoline from the lowest worldwide bidder. Remember several years ago when Hugo Chavez, president of Venezuela, offered to sell Americans gasoline at cheap rates, our government wouldn't allow this. I'm sure this decision made U.S. oil CEOs smile.
If Republican leaders are serious about changing their image and winning elections, they should join Democratic lawmakers who are pushing for removal of subsidies and tax breaks for U.S. oil companies, and both parties should stimulate competition by allowing states to purchase gasoline from the lowest bidder.