This is from 2005 it is way out of date because a number of these states have raised their gas tax since.
Posted on 05/23/2008 12:59:00 PM PDT by decimon
If only the media would tell the sheeple this more often.
It's so simple a caveman could do it. What's wrong with Congress? Are any of them smarter than a 5th grader??? I'm thinking the folks running the country may need remedial math. It was my poorest subject, but even I get it.
How simple do you have to make it. Less supply/greater demand from emerging economies who are bidding up the price because in order to maintain their economic growth they must have it and suddenly (when combined with a weakening dollar) you have critical mass. These “pinches” can't be managed to occur when you're prepared for them. We can do a lot in America, but I'm thinking that's beyond even our ability.
“Out of the remaining $.39...” I told you math wasn’t my strong point (she sheepishly admits).
And it is actually less than 39 cents. The gas station sells if for 3.89, but paid about 3.75 to 3.80 for it.
Sometimes I just shake my head. My boys call me “Gracie Allen” but I swear — give me a pointer with a rubber tip or a ruler, and I would start rapping knuckles in Congress. One whooshing motion with a hard snap on their desks and I’d get their attention. Let me at ‘em.
Good article! Thanks for posting.
Intresting how everyone is busy looking for scapegoats but never ever blame the Fed and State Govts that make over $1.00 in direct and indirect taxes on every single gallon for anything
Impossible! It's from AP. ;-)
Absolutely false. Depending on where you live the State tax is anywhere from $.46 to $.73 a gallon then the Feds add an additional $.18 Fed gas tax on top of that then there is the indirect taxes, such as property taxes, corporate income taxes etc, the Oil Companies pay that get added on to of that. What the Govt gets is anywhere from 20-35% of the cost of each and every gallon of gas.
So, tell me, since you seem to have more information than I, when the oil companies sell it to the filling stations, do the filling stations pay the $.18 fed gas tax and the average $.60 state tax? Even when we owned our own retail stores (back in the day) they were money losers. I realize it's volume of sales that makes it possible at all, but how can any of them make a profit (and invest in R&D)?
This is from 2005 it is way out of date because a number of these states have raised their gas tax since.
There is no reason to believe that that statement is not equally applicable today.
But educating the moonbats here in FR and elsewhere is like fertilizing a rock.
Too complicated maybe?
The Oil Companies make about $.10 a gallon. The person selling the gas probably makes nothing. The gas is merely the attaction to get the people to come into the store and pay the 50% or more mark up on the stuff in the store. They make their money on the stuff they sell inside, not on the gas.
The difference would be zip.
So what's the point of repeating that asinine fact?
oops, I seen you beat me to the map
Bears repeating.
The criminals in Congress would rather we keep talking about the "big bad oil companies"... as is the intellectual bottom of our gene pool.
Actually the amount of gasoline in a barrel of oil is only about 25 gallons, the remaining 40% in made into other products - diesel, jet fuel, fuel oils, etc. Assuming that the production costs are relatively equal for all content of the barrel, the $3.14 per gallon might still be the valid starting point for your analysis. You just need more barrels for a given quantity of gasoline.
ref:
http://tonto.eia.doe.gov/dnav/pet/pet_pnp_wiup_dcu_nus_w.htm
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