RST: Gas prices as low as they’ll ever get? State taxes on fuel

What to look for on Radio Smart Talk Friday, August 2, 2013:

“The national gas pump price below $3 is probably a thing of the past.” That statement came from a Triple A official at a Senate hearing on fuel prices last week. What conditions are in place that will keep prices above the three dollar mark?

The answers can range from inclement weather, economic recession or even political unrest in the areas in which oil is exported. But sometimes it’s merely an increase in crude oil prices due to planned and unplanned refinery outages. Are there solutions to the seemingly endless variation in fuel prices?

Meanwhile, a proposed transportation bill by Gov. Tom Corbett eliminates a maximum cap on a broad wholesale tax of motor fuels in order to increase revenue for transportation infrastructure. Pennsylvania may see better highways but motorists could pay more for gas at the pump. Has it happened in other states?

How do crude oil reserves look this summer? Will the tanker car crash in Quebec result in how fuel is transported?

On Friday’s Radio Smart Talk, Greg Laskoski, analyst from GasBuddy.com, joins us to discuss the reasons behind the cost of fuel in the U.S., and the impact wholesale taxes have on the price of gas.

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