Let me know when it is back below the price of gas when the Messiah was inaugurated. ($1.86/gallon).
Posted on 12/15/2014 8:22:33 AM PST by central_va
If capitalism were left to its own devices, I’d say prices could go as low as conditions dictate. However, government is involved here with taxes, and it will NEVER take a cut in it’s booty. Ever.
If government sees a reduction in price as a cost savings [ooga booga windfall for those privileged not to be public housing, public transportation denizens] it will IMMEDIATELY react with stronger calls to increase the taxes to offset the injustices and inequity for its entitlement losers. Because they still [regrettably] can vote.
The Saudis are tanking the price of oil to trash the Russian economy and to counter Fracking success here.
There has been moves by Democrats Fed and state authorities to raise fuel taxes to make up for the big losses in tax revenue.
Yeah...okay...I remember here in GA the WSB station caused a panic about nonexistent pipeline capabilities. Regardless, how long did the spike to which you attach such import last? As long as the 6 years of ever-increasing Obama gas?
And if you had read my entire posting, I wrote: The carbon tax may add as much as 76 cents/gallon, but the consensus is that it will be closer to 15 cents/gallon.
The carbon tax is what takes effect in 2015. Due to the way it is calculated, no one seems to know exactly what it will be: the gas companies have to figure out how many carbon credits they have to buy.
Estimates range from 14 cents to 76 cents/gallon. But, the consensus right now is about 15 cents. That will likely change, as carbon credits become more expensive.
Meet The One House Republican Willing To Call For A Gas Tax Hike
WASHINGTON — As gas prices nationwide continue to plummet, advocates for enhanced federal investment in transportation are sensing a rare political opening.
A hike in the federal gas tax — so these advocates argue — would have a smaller psychological impact at a time like this, when the cost of filling up is low. Congress should therefore raise the tax, for what would be the first time since 1993, in order to replenish the federal highway trust fund, which is set to run out of money around the end of May.
President Barack Obama met with members of the Business Roundtable, a group of CEOs of major companies, on Wednesday. During that meeting, Fred Smith, the CEO of FedEx and a huge booster of transportation spending, made the case for raising the gas tax, saying the move has support among Democrats, Republicans and the labor and business communities.
http://www.huffingtonpost.com/2014/12/03/gas-tax-hike_n_6263744.html
I don't attach importance to it for comparing current pricing. That was the point. The short-term dip you used for comparison isn't meaningful either.
So, exactly how are ‘estimates’ of what could/would be any more valid than the poster’s claims of $2? Just saying.
Price for gas guzzlers will probably go up, and the economies will go down, if this lasts long enough, which it probably won’t, obama and democrat states will tax the crap out of gas; count on it.
I could be wrong, but to what “short term dip” comment are you attributing to me? How gas prices are now? A dip? I hope not.
As cars (and trucks!) get more efficient, they burn less fuel. Taxes collected on the basis of fuel volume have lowered the amount of taxes collected per vehicle mile.
It's getting bad enough that some states are considering alternate ways to assess road taxes: by odometer setting or GPS tracking.
68.1+15 cents is a lot less than $2. It's still less than $1. Even the high end estimate of 68.1+76 cents is nowhere close to $2.
It took me 15 seconds with Google to figure that out, and I didn't even need a calculator.
It doesn’t take an expert to figure this out. The wholesale price of gasoline for future deliveries is under $1.60 this morning, according to Bloomberg. In any parts of the US the pump price is roughly 35 to 40 cents above wholesale. If this holds,retail gasoline in lots of places will be $1.95 in the next few days/weeks.
Let me know when it is back below the price of gas when the Messiah was inaugurated. ($1.86/gallon).
Yeah, but airline ticket prices still include a fuel surcharge.
I wonder why?
I stand corrected.
Could you just imagine the growth that would happen if there were a two year suspension of ALL TAXES, at every level, nation wide.
The government can just ‘print’ their money(are they not essentially doing so now?), and we can keep ours.
Too bad all the so called consumer advocates are chasing left wing causes instead of really helping the consumer.
Thanks for the chart. I got gas yesterday for $2.03 a gallon yesterday. When I got home I told my wife that it did not seem that long ago that we thought $2.00 a gallon was outrageous.
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