I don’t know why John Stossel hasn’t been fired for competence yet.
“[O]ne reason that people are upset by gas prices is that the price is in your face every time you drive by the gas station. But it may surprise [you] that this year the price of lettuce, broccoli and apples increased much more than the price of gas. You probably don’t know that because they don’t post big signs like gas stations do. And think about what it takes to bring us gasoline. First, oil has to be sucked out of the ground, sometimes from deep beneath an ocean or underneath ice, or from places where workers risk their lives. And just to get to the oil means the drill has to bend and dig sideways through as many as seven miles of earth. What they find has to be delivered through long pipelines or shipped in monstrously expensive ships, then converted into three different formulas of gasoline, trucked in trucks that cost more than $100,000 each, and then the gas stations have to spend a fortune on equipment to make sure drivers don’t blow themselves up while filling the tank. Even after all that, gasoline is still cheaper per ounce than the bottled water gas stations sell.” —John Stossel
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