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California's governor has asked the attorney general to investigate why the state's gas prices are so high. In your opinion why are gas prices so high in California?
Iâve answered this kind of question several times, pointing out that during the Trump administration we were enjoying an oil glut (started in 2015) and that the Saudiâs were flooding the market to try and put U.S. frackers out of business. The Biden administration took over and almost immediately gas prices started going up, the story being that Biden was refusing to allow permits to be issued for drilling on Federal land, and cancelling permits that had already been issued but hadnât really proceeded yet. Recently I read a story from NPR that claimed more permits had been issued this year than during the last year of Trump. News last night posted a story claiming that production is down here in the U.S. by 2 million barrels compared to this time last year. Someone isnât telling the truthâŠand judging by the price of gas it seems obvious who. So we have rampant inflation supposedly caused by a supply chain crisis being exacerbated by a vaccine mandate and the Dems want to raise taxes to pay for their wish list of social programs, you know, the one(s) that arenât supposed to cost anything⊠Having spent most of the month of October on the road on a variety of interstate highways I can tell you that a lack of truck drivers is not contributing to the supply chain issues. I saw literally hundreds of trucks all up and down the east coast between Florida and New Hampshire. California has outlawed independent truck drivers and trucks that are older than 2012. Shipâs sitting offshore awaiting unloading at Southern California ports are starting to make their way over to Florida ports and the east coast if t can do so.
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These trucks are all filled with cargo either for U.S. refineries or for the airlines that have moved out of LA. The fuel being brought into the U.S. from Mexico has been in short supply throughout the summer as a result of the border wall being built and the border ban. The truck drivers that are out there on the highway driving this merchandise across the country at a higher rate have to be earning about twice as much as they were last month. To the extent that you believe the government has any intention to lower inflation then you ought to be taking a more active role in trying to solve the problem. Instead, we get the Democratic Party and its surrogates all over television talking about the need for tax hikes on the middle class, but don'. T do much about these truck drivers who are driving around.