On Palm
Sunday it was $2.39, on Good Friday it was $2.57 and on Easter
morning the oil industry gave “rising” a less joyous connotation as
the price of gasoline reached $3.00 in certain areas of the country.
The time of Good News for believers was quite the opposite for
consumers, who have to foot the de Vernai for $77 dollar barrels of oil.
Like
every time gas prices rise, news networks, blogs and daily
newspapers inquired into the possible solutions for burdened
customers. Yes, again. Although we see a sharp spike in gas prices
at least four times a year (natural disasters in the Gulf Coast,
summer travel season, Nigerian political unrest, etc.) the news
media is buzzing with old news.
The
arguments for getting rid of your SUV, using public transportation
and funding alternative fuel research get copied, pasted and
presented to the public as the means of aid during the price hike.
All
right, I’ll grant you that driving a Prius as opposed to a Hummer
will save you some cash, as will making acquaintance with a bus
schedule. But the American public squirms at the ‘experts’ who are
telling them how to live their lives.
In
large part that is due to the abstract approach to gas prices
consumers are presented with. How many gallons are in a barrel? What
is the price difference between crude oil and what we actually put
in our tanks? How does the U.S. relationship with Venezuela
influence the number boards on street corners?
It’s
all really hard to get a hang of, but it is not a permit to abandon
the discussion of fuel prices. It’s time for us to start asking
new, more personal questions and for the media to react by pursuing
new answers.
For
example, what is the role of the big oil companies in setting the
prices? Some political situations that cause gas prices to go up are
inevitable. But individual oil empires have the power to lower the
price of gas for the average consumer.
Exxon-Mobil, a leader in the market, extracts the oil out of the
ground, refines and sells it. Their profit margin is about 29
percent – just enough to give its CEO a $400 million retirement
package.
What
are the everyday tradeoffs that result from higher gas prices? The
extra $10 you spend at the station every time you fill up is $10
that is not going toward your retirement fund, health insurance or
kids’ education.
Analyzing gas prices without being guilt-tripped by progressive
scientists or urban planners allows us to see that maybe there is
merit to their propositions after all. But that realization must be
organic, not a result of knee-jerk responses to the propaganda that
is often disguised as authorized consensus.
The
American public will not be convinced to invest in fuel-efficient
cars en masse, or to put pressure on legislators to support public
transportation, unless they do the cost/benefit analysis by
themselves.
The
solutions, coming from outside sources, seem like unwelcome
soliciting when done by talking heads on CNN. It is only when
individual families and small businesses realize the daily
sacrifices they must make to pay extra for gas that they will
aggressively seek resolution to the problem.