Now that US gasoline prices have fallen to a national average of below $1.92 per gallon as of today, the lowest price in seven years going back to early 2009, I thought it would be a good time to re-publish a CD post from about a year ago when gas prices were just above $2.00 per gallon.
John Stossel wrote this at the end of May 2013 when the price of gas in the US was about $3.65 per gallon:
Annoyed by the price of gas? Complaining that oil companies rip you off? I say, shut up. Even if gas costs $4 per gallon, we should thank Big Oil. Think what they have to do to bring us gas.
Oil must be sucked out of the ground, sometimes from war zones or deep beneath oceans. The drills now bend and dig sideways through as much as 7 miles of earth. What they discover must be pumped through billion-dollar pipelines and often put in monstrously expensive tankers to ship across the ocean.
Then it’s refined into several types of gasoline, transported in trucks that cost hundreds of thousands of dollars. Finally, your local gas station must spend a fortune on safety devices to make sure we don’t blow ourselves up while filling the tank. And it still costs less per ounce than the bottled water sold at gas stations.