Erick: Lower gas prices will definitely help! Hopefully they will drop nationally, although trouble in the Middle East never seems to bode well. Hopefully home values will continue to rise, too. Thank you for sharing!
I Agree, Hopefully. Unfortunately, especially in California, the Government (federal & state) both make so much money from these escalated gas prices. Many people have blamed Large Oil companies for artificially raising gas prices. I notice this has been a "slight of hand" type of trick. During escalated prices in the $4+/gal range government tax sees quite a lot of that revenue that they have lost due to property tax decline. Oil companies, after expenditures, see a profit of around $.05-$.20/gal. Where the government receives taxes of upwards of $1.50+ (when taken into account for tax in CA on carbon emissions, at the pump, Retail Tax from distributors, Tax on Oil Companies in corporate, Rental Fees of land from government, and the list goes on and on). I truly hope the prices do drop artificially, however speaking strictly as an income source - it is not in the governments best interest to allow them to drop. Just my $.02. If they do drop prices: they would not get revenues for local governments, but they would kick start the economy.
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