What would Henry George say about rising gas prices during times of war?

In memory of Suzie Schuyler, our beloved President. She will be deeply missed.

March 8, 2026

It is with profound sadness that the Henry George School of Social Science announces the passing of our beloved President, Suzie Schuyler, on March 8, 2026.

Suzie was a remarkable leader, a devoted champion of this School's mission, and a cherished member of our community. Her passion for education, her generosity of spirit, and her unwavering commitment to the Henry George School of Social Science inspired all who had the privilege of knowing and working alongside her.

During her leadership, Suzie brought warmth, wisdom, and quiet determination to everything she did. She cared deeply about the people around her and about carrying forward the ideas and educational work that define this institution. Her vision guided the School through consequential moments, and her absence will be felt profoundly by our board, our staff, and the supporters whose lives she touched.

We extend our deepest condolences to Suzie's family and friends, and to all who were fortunate enough to share in her life.

Her legacy will endure in the work we carry on in her memory.

— The Henry George School of Social Science

What would Henry George say about rising gas prices during times of war?

Dr. Marty Rowland’s response to the New York Times article “Russia’s War Is Raising Gas Prices and Roiling Financial Markets.”

Mr. Sommer gives an explanation of the “cost of gas” that needs some explaining by way of Henry George! What Would Henry George Say?

According to Digging into Crude Oil, Gasoline and Natural Gas Prices 3.0 (https://gaspricesexplained.com/#/?sec…) the price of gas is based on:

12% refining

18% transportation

17% excise taxes

53% cost of crude oil

However, oil companies only pay 5% of price in oil leases. This means about 50% of price of gas is economic rent. It’s speculative gain masquerading as a burden! In reality, it’s a supernormal profit. How in the world can a product sitting in a below ground tank, produced weeks earlier, go up in price before it’s sold? Following Henry George’s philosophy of taxing away economic rent, a wiser solution would be that the U.S. government impose a 50% resource rent (on each barrel of oil) on oil companies thus generating $300 billion or more! Yet, most Americans fall for the “magic of the market.”

Read other WWHGS editions here: https://www.hgsss.org/what-would-henr…

In memory of Suzie Schuyler, our beloved President. She will be deeply missed.

What would Henry George say about rising gas prices during times of war?

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