Now that gas prices are falling it would be a good time to slap on a modest tax.
There’s no way that will happen because 1) Americans have lost the connection between civilization and taxes — the latter pays for the former — 2) Americans think taxes are bad, and 3) What’s the need? Gas prices are going down, baby! We’re burning gas in cars now and forever!
This is welcome news for America’s car-dependent masses: Gas could drop as low as $3.25 and maybe even lower this summer.
So this situation gives us the opportunity to see the classic metaphor of the boiling frog in action. Remember when gas hit $1.00 per gallon for the first time? Wow. Did that seem painful? Then $2.00. Now $3.00. Here’s the thing: Gas really never goes down. It stair-steps upward. And at each plateau we gasp and then take two steps up and one step back. It won’t be long before $3.00 seems absolutely cheap.
Will anything make that frog jump?
Sadly, I doubt it. Peak oil is going to overwhelm us because 1) politicians won’t tell us the truth. and 2) most of our fellow Americans don’t want to hear the truth. Politicians want to get elected, and people want to sustain an unsustainable lifestyle. This situation will continue until we reach a real crisis.
It’ll be sad to watch all the boiling frogs.
What’s the price of gas in Springfield today? I have no clue 🙂