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William F. Shughart

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William F. Shughart

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William F. Shughart

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Gas Prices Are Creeping Up Again. Why?0
- Economics
- May 8, 2018
If you wonder why prices at the gas pump have been climbing recently and are expected to continue to climb, look no further than the sharp drop in crude oil production in Venezuela, the Saudi Arabia of the Americas. Counting its huge tar-sands deposits, Venezuela has more crude oil than any other country in the
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California Makes 20x What Gas-Station Owners Make on a Gallon of Gasoline, After Tax Hike 0
- Economics
- January 16, 2018
California drivers experienced sticker shock at the gas pump on Nov. 1. The state’s gasoline tax rose by 12 cents per gallon that day, bringing the total to 39.8 cents. Along with the federal gas tax of 18.4 cents, Californians now pay 58.2 cents in excise taxes per gallon. Like all other states with sales
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