Again higher gas prices-I just read a nationwide survey that we have the third highest average prices for gasoline in the country. We are only behind Hawaii and California. $3.19 is the average although I know of a few stations that I can buy cheap gas at $3.09.9. I always hear the stories of supply and demand as a long time instructor of Business and Economics classes I have difficulty with some of the same arguments that I hear over and over again. Connecticut has one of the highest gas taxes in the country and I do believe that the long run implications of this high tax is both a state recession and people once again leaving in droves from our state. Our elected officials passed a secret increase in the gross earnings tax up now to 5.8% (and please do not let anyone kid you, motorists pay for this tax-making an average of .54 cents a gallon with federal taxes thrown in).
I know that you and I have an unlimited amount of income to pay for higher energy costs and higher taxes here in our state. We receive constant cost of living increases in our pays to offset these higher costs. Wait you don't believe me? Again higher gas prices...Again higher gas prices...Again higher gas prices...to infinity.
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I guess we need to get to 4, 5, 6 or more dollars a gallon before it gets so painful that we demand to do SOMETHING about oil. I guess a sign we took a step in that direction was Bush admitting during the state of the union we need to get off our dependence of oil. It will still be years before we wake up and to see the destruction this is causing us. We can only hope it is not to late!
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