April 21, 2024

Rising Gas Prices

Excentric World staff members take a look at rising gas prices. Congress recently denied a bill to take some of the tax breaks away from the rich oil companies. It makes one wish that any federal legislator, including those from the Executive Branch, be exempt from voting on any bill that would benefit Americans at the detriment of any company or product in which they have invested. In fact, in order to be elected for more than one term, every politician would have to release their holdings in all private companies, making them an ordinary citizen not influenced by corporate investments.

Democrats also failed to get Republican support for a proposal to extend tax breaks for wind, solar and other alternative energy development, and for the promotion of energy efficiency and conservation. The tax breaks have either expired or are scheduled to end this year. In the meanwhile, the U.S. Treasury Department, in preparation for the increase of gas prices at the pump are reprinting the five dollar bill for easier tender at fueling stations.


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