Ed – there has been no increase in the Federal gas tax since Obama took office…it just feels like there has been. You have, however hit on the narrative that the media and the administration love: profits bad/taxes good. Just wtf are the going to tax if there are no profits?

Spinoneone – The Federal gas tax is a flat tax, not a sales tax. The Federal take on a gallon remains the same regardless of the price. Higher prices generally mean lower sales. Lower sales mean lower gas tax revenue. Lower gas tax revenue means roads and bridges don’t get repaired. The Federal gas tax, btw, is a trust fund dedicated to only transportation uses…it doesn’t go into the general revenue. It can, however, be used for pork like the vacant Murtha Memorial Airport and Cricket Sanctuary.