I filled up with gas this morning here in California for $2.33 a gallon. The intellectual voters in Cali voted a couple of years ago to allow the state to increase taxes every 6 month to make sure the government never gets less tax revenue on gas. Believe gas tax has gone up 6 cents a gallon in the past 12 months. Sure isn’t fixing roads. Wonder where that money goes?
From The Economist Espresso: The year ahead: the victims of cheap oil