Debunking gasoline myths
A look at rising costs at the pump
- Duration 3:18
- Date Aug 9, 2012
A look at rising costs at the pump
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Gas prices soaring over the past month more than thirty cents more a gallon in some states -- believe that.
And now the -- -- at the pump back in the spotlight.
John Stossel has found himself back in the studio he set up -- challenge to consumers on what they think about gas.
Where we get most of the oil for wiping the Arabian countries thinking like Saudi Arabia I'm assuming that's where there's -- America.
The price wouldn't be so hot it is America got a lot of gasoline.
Yes win highly sensitive to it.
Tennis right now as a host of Stossel -- the author of no they can't John Stossel we don't get gas from the United States because.
And -- in my house Travolta picked up and bring me to work in his New Year's.
We get most of it from the United States and of what we import most of that comes from those evil countries.
Mexico and Canada right exactly about 20% of the imported oil comes from the Middle East are we reading out of -- John.
That's been predicted for years President Carter said -- forty years ago.
Human beings being what we are keep inventing new ways to get more gas out of the ground you fracking.
Fracking LA natural that's differed from Brett -- we put -- -- concert it's an example of how.
Ingenuity winds so you're looking you turn it debunks some of things one is that we're running out of gas and we're not.
Also a what about America's ultimate goal should be energy independence trade is good.
If we were independent if we were food independent next time we had a drought in Iowa.
We would really suffer it's good that we trade for things that makes us better off we we are disgusted true false we are disgusted about oil profit.
Well we people are and when we hear about this thirty cent price increase people Bill O'Reilly will blame a conspiracy of oil companies -- -- really really whale show.
Oil profits or 8% for mobile 6% on average.
Profits for other companies are 20% in the software business the government takes a higher percent of the money wouldn't gas taxes -- the oil companies to -- also one of the things on that.
Thing that you explode is affected electric cars and at smaller good for the environment.
And America and the problem is because they've got to put.
Ethanol which is made from corn -- gas with the drought going on right now.
The price of people accord is up the price of gas it's up.
Also it takes energy to make the -- And the electric cars what do they get their electricity from coal -- -- National Research Council says.
Worse for the environment.
Look at that right now yet we're subsidizing right now I guess 366 again when it's gone up considerably -- before you go what about premium is that supposed to be better for your car.
It Null and lots of people think it'll waste their money buying premium gas if certain kind of special high performance cars need it.
It'll say so in your owner's manual most of us don't need it in your car won't run any better only.
All right that's good to know us John -- watch your show.
Tonight at 9 o'clock is that okay.
Yes that's okay and we also watch in the -- quite often to -- it repeats on earth.
Fox Channel right you're just as good on the question -- the business channel which not everybody cats soon it will still ask for it -- demand for our John figure much John.