$ 6.00 @ gal.
- Thread starter johara1
- Start date
Right on. Thats why there is no incentive to do anything about the high prices. We have a local Sales tax here also, 8% of $4 is more then 8% of $2 Last year Local government had a windfall in sales tax,
I never ceases to amaze me that They never ever have a surplus of funds.
The more they collect the more they spend.
They are always looking for new ways to collect more taxes.
I never ceases to amaze me that They never ever have a surplus of funds.
The more they collect the more they spend.
They are always looking for new ways to collect more taxes.
GerryM said:
Yes Sir,
here we are looking at an increase of the GET, on top of raising the taxes on gas, on top of raising the taxes on liquor, on top of raising the taxes on soda and any other bottled drink (juice, water, whatever), on top of raising taxes on property, on top of raising taxes on vehicle registration, on top of raising taxes on business(removing business tax deduction incentives), on top of raising taxes on.......
a plethora of other bs stuff they can dream up!!!
No serious talk of cutting anything to curb the spending.
Take away the Easy Button already!!!
Don't think things'll change much either with the ever increasing presence of electric cars all the hoopla's about. The state of the grid in much of our country is already on the edge of failure when faced with peak demand loads. Any significant number of plug-in cars will only make the rest of us suffer when the grid fails, then we all go dark.
http://money.cnn.com/news/newsfeeds/gigaom/green/cleantech_electric_car_boom_could_deliver_a_surge_in_grid_power.html
http://money.cnn.com/news/newsfeeds/gigaom/green/cleantech_electric_car_boom_could_deliver_a_surge_in_grid_power.html
Any of you read Atlas Shrugged?
Interesting book and it appears to be where we are headed.
The high gas prices are not from the oil company profits, they make about 6% profit. That kind of profit margin would make most businesses go bankrupt. The oil trading on the stock exchange and the increasing tax rates have more to do with price increases.
All city, state, county and federal taxes per gallon of fuel create a huge price increase. Here in Kalifornia they are supposed to post the taxes per dollar of fuel but only post the state and federal numbers that last time I looked was about 25 percent.
The government wouldn't want prices to go down, it would kill the tax revenue and with the unemployment and other economic problems they would be in more trouble.
People cutting back on fuel usage has created part of the problem.
Until they, the government, starts cutting all of the worthless programs that cost us tax payers tons of money every year the fuel prices can not go down. They wont let it, it is too big of a moneymaker.
Interesting book and it appears to be where we are headed.
The high gas prices are not from the oil company profits, they make about 6% profit. That kind of profit margin would make most businesses go bankrupt. The oil trading on the stock exchange and the increasing tax rates have more to do with price increases.
All city, state, county and federal taxes per gallon of fuel create a huge price increase. Here in Kalifornia they are supposed to post the taxes per dollar of fuel but only post the state and federal numbers that last time I looked was about 25 percent.
The government wouldn't want prices to go down, it would kill the tax revenue and with the unemployment and other economic problems they would be in more trouble.
People cutting back on fuel usage has created part of the problem.
Until they, the government, starts cutting all of the worthless programs that cost us tax payers tons of money every year the fuel prices can not go down. They wont let it, it is too big of a moneymaker.
squirrelduster said:
Actually, state and federal taxes are a pretty small portion of the price of motor fuels. States all have different per-gallon rates, and fed tax is 18.4 cents a gallon for gas and 24.4 for diesel. And while California doubled its per-gallon tax last year, it slashed the sales tax on motor fuels, which is actually an advantage given the increase in price.
I bought my Diesel Jetta about nine years ago. Since then diesel prices in Central Texas have ranged from 91 cents to $4.69. During that time, the federal and Texas per-gallon tax have not changed, so the only tax impact to the price has been from the state's 6% sales tax.
So if someone tells you the recent run-up in the price of gas and diesel is due to tax increases, take it with a grain of salt.
John
We all know the problem when we get down to it.
Importing too much oil. We are letting other nations dictate our energy use. It's a national issue that need to be addressed.
Inflation has set in on the american and international market, causing the foreign governments to raise prices. The we add the speculators who tie up the oil imports , Then they sell at an obsene price back to the oil companies. In short we are exporting our Capitol .
Actually from what is said theres plenty here and the oil companies aren't drilling for it. The solution is to Drill more wells in the easy access
spots We aren't exporting oil but we are exporting Gas and diesel fuels.
It s pretty crooked road from the white house to congress to the senate and to the oil companies''
Importing too much oil. We are letting other nations dictate our energy use. It's a national issue that need to be addressed.
Inflation has set in on the american and international market, causing the foreign governments to raise prices. The we add the speculators who tie up the oil imports , Then they sell at an obsene price back to the oil companies. In short we are exporting our Capitol .
Actually from what is said theres plenty here and the oil companies aren't drilling for it. The solution is to Drill more wells in the easy access
spots We aren't exporting oil but we are exporting Gas and diesel fuels.
It s pretty crooked road from the white house to congress to the senate and to the oil companies''
Outdoorsman said:
Price moves like that in Futures prices can happen whenever something significant happens and speculators jump in and out of markets accordingly. Futures are a way to make highly leveraged bets on price movements of the underlying asset such as a barrel of oil, so, if something big happens, some have to move quickly in or out to avoid big loses, in this case out. The guessing part would be the exact cause but my suspicion, based on many years of experience in the financial markets, would be people are less afraid of a sudden decrease in crude oil supplies following the Bin Ladin business, the bloodless political changes in important Mideastern countries, or something else related to the future availability of crude oil. Commentators love to guess about the exact causes but the people doing the trading are usually not saying anything or else trying to fake the other traders out. If you look at the chart, it has had several equally large fluctuations one way or another in the last year.
It wasn't just crude oil - futures in a number of commodities dropped. Seemed like silver led the way. Keep in mind that futures contracts are commonly bought on margin - betting with borrowed money. If the price turns down, those holding contracts will try to get out of positions before they're underwater (or get a margin call.) A stampede for the exits ensues, with the price dropping until buyers appear.
There has been talk of a bubble in commodity futures for some months now. Guess the bubble popped!
John
There has been talk of a bubble in commodity futures for some months now. Guess the bubble popped!
John
getting in the ( paid for) 98 Honda early in the morning to drive over 600 miles to a Rifle Match ( Regional) in Lodi WI. Thats if I can get over the Mississippi river. Damn thing still gets 29 to 30 MPG with over 175,000 on the clock. I Would love to get a small SUV or Cross over to have more shooting gear room but I cant give up my High milage reliable beater car.
Some of us are still traveling to matches come hell or highwater.
Ive been gone for over a year overseas and will be damned if $6.00 gal will stop me from shooting this summer!
See you there
RussT
Some of us are still traveling to matches come hell or highwater.
Ive been gone for over a year overseas and will be damned if $6.00 gal will stop me from shooting this summer!
See you there
RussT
Conoco was just on fox news stating they made 43% more profit on oil sales then this time last year.They are manufacturing the rise in oil prices.And for all you oil workers,you are doing a good job and I hope they are spreading the wealth as Obama wants redistribution of the wealth in this country,he reminds me of a certain leader from the east european nation that fell about 66 years ago.Socialism doesnt work due to greed.
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