latest gas prices

[Assembler]

As I write this, the NC General Assembly is in special session to vote to suspend the $0.41 North Carolina gas tax for a period of time. Anyone see anything strange here?
The gas price rose $0.44 cents the day the Legislature votes to lower the gas tax by $0.41 cents. No sign of price gouging here.

The consumers are likely to see the cost at the pump go up instead of down and then in a few months we will be hit with some fee or tax to make up the lost gas tax revenue. I guess buying off politicians is expensive now days and the money has to come from somewhere.

Was the 'Gas tax' originally made by an emergency?
Will other States follow now?

 

[Carl-NC]

How much more regulations / red tape is there today to build a new updated refinery both at the Fed and State levels?
Is there a lower level of regulation to rebuild a new oil refinery in countries like India?

Regulations are the minor issue here. The bottom line is, there is no incentive for a Big Oil company to build out more refinery capacity. We have enough capacity now to meet demand; it's just that there is no surplus capacity, and in the law of supply and demand that's exactly where they want to operate: maximum profits without the pressure to build more capacity. Besides that, motorists are shifting toward EVs so the demand is expected to drop over time. And you sure don't want to be building more capacity as demand is dropping.

The regulation argument is a red herring. Regulations are a necessary double-edged sword: sure, they make things more expensive, but they also keep Big Companies honest. Without them, companies will take the cheapest route to (their) success, which means taxpayers foot the clean-up bill, every single time. Breathe in the summer Beijing air, or drink the Ganges River water if you want to get the full effects of deregulation. Even with regulations in full effect, it's still full-on NIMBY (regardless of your tilt) when it comes to refineries.

The refinery being funded by India is being built in Texas, not India. No word on whether they'll be allowed to apply the India Clean Air and Water Act (see Ganges River above), or whether they will have to follow US regulations.

 

[Assembler]

Regulations are the minor issue here. The bottom line is, there is no incentive for a Big Oil company to build out more refinery capacity. We have enough capacity now to meet demand; it's just that there is no surplus capacity, and in the law of supply and demand that's exactly where they want to operate: maximum profits without the pressure to build more capacity. Besides that, motorists are shifting toward EVs so the demand is expected to drop over time. And you sure don't want to be building more capacity as demand is dropping.

The regulation argument is a red herring. Regulations are a necessary double-edged sword: sure, they make things more expensive, but they also keep Big Companies honest. Without them, companies will take the cheapest route to (their) success, which means taxpayers foot the clean-up bill, every single time. Breathe in the summer Beijing air, or drink the Ganges River water if you want to get the full effects of deregulation. Even with regulations in full effect, it's still full-on NIMBY (regardless of your tilt) when it comes to refineries.

The refinery being funded by India is being built in Texas, not India. No word on whether they'll be allowed to apply the India Clean Air and Water Act (see Ganges River above), or whether they will have to follow US regulations.

There is little to no incentive to build if the regulations dictate what type of refinery can be built for future type of production at a given State construction.

There is built in regulations, artificial incentives for pushing EVs powered by generators with different fuels.