Thread: USA Gasoline Prices ..... Did you ever notice ......

Originally Posted by Crotalus

How much of that is taxes? Here the government makes more off a gallon of gas than the oil company does.

That is definitely the case most places around the world.
Even here in Norway, where we pump oil like crazy, the pump price consists of about 60-70% taxes.
Fun, ain't it

In honesty though, I don't mind the taxes on fuel, roads and infrastructure costs money, and the taxes helps to pay for that.

Originally Posted by JimmyHAD

Maybe I'm at risk of showing my age. Talking about the "value" of a dollar. I remember paying $0.18 per gallon. Pack of Camel regular was $0.25. A brand new Colt's Government model 1911A-1 .caliber .45 was $135.00 USD full retail. Of course if you made $100.00 USD per week that was big money. Now a dollar is worth a dime in equivalent buying power. Colt gov model $1,499.00 at Cabella's.

Ah the good old daze,even in the early 60s,bought thru the NRA,surplus,1911A-1s were 50 bux,Garands,55 bux,M1 carbines 40 bux,shipped to your door USPS.even here in Kalifornia

Originally Posted by Birnando

That is definitely the case most places around the world.
Even here in Norway, where we pump oil like crazy, the pump price consists of about 60-70% taxes.
Fun, ain't it

In honesty though, I don't mind the taxes on fuel, roads and infrastructure costs money, and the taxes helps to pay for that.

I don't mind taxes for infrastructure either. What I do mind is that it's never enough. They come at us for more income taxes to add to the oil taxes and at the same time blame the oil companies for the high price of gas. Every time prices go up the government attacks "big oil", forces the managers to sit in front of a committee to prove that they aren't price gouging while filling their coffers with gas tax money.

Originally Posted by Crotalus

I don't mind taxes for infrastructure either.

If you could see the state of the UK's infrastructure you'd likely conclude that wherever they're spending most of it, it's not on infrastructure.

Originally Posted by Crotalus

I don't mind taxes for infrastructure either. What I do mind is that it's never enough. They come at us for more income taxes to add to the oil taxes and at the same time blame the oil companies for the high price of gas. Every time prices go up the government attacks "big oil", forces the managers to sit in front of a committee to prove that they aren't price gouging while filling their coffers with gas tax money.

Yes that makes me shed a tear for the poor oil companies. Maybe we need to give them some big fat tax advantages, oh wait we do, well maybe they need more. Maybe we need to take up a collection for them.

Originally Posted by Bruno

I assume you are referring to the price for diesel fuel, LX?
In Belgium, 95 octane costs roughly 1.55 euro per litre. 98 octane costs roughly 1.65 euro per litre.

Is 95 octane regular over there? Here in New Jersey regular is typically 87 or 89. That's going for about $3.29 right now.

its 355 a gal here and thats to much.it cost me about 120 every 2 weeks to drive the 17 mile one way trip to work 5 days a week. dosent help i have a truck

Originally Posted by thebigspendur

Yes that makes me shed a tear for the poor oil companies. Maybe we need to give them some big fat tax advantages, oh wait we do, well maybe they need more. Maybe we need to take up a collection for them.

America's three biggest oil companies, ExxonMobil ( XOM - news - people ), Chevron ( CVX - news - people ) and ConocoPhillips ( COP - news - people ), all endure income tax burdens of more than 40%--higher than the statutory U.S. rate of 35%. Exxon, with a 45% rate, tallied $21.6 billion in worldwide income taxes for 2010. Source Forbes.com

I'm sure 40% tax isn't enough for you. Do you believe profits are sinful, that corporations should not make a profit at all?

The first time I remember gas prices, we were on vacation in MO, and my dad was complaining because he paid 1.21 a gallon, when if he'd just got it one city sooner he could have paid 98 cents per. I honestly don't pay attention whatsoever to gas prices. I have to have gas....Whatever the price is, I'll pay it until they find a way to sell an electric 3/4 ton truck for less than 10 thousand dollars.

As for whether the price fluctuates with elections, I also don't know. I've been around long enough to see a few presidents come and go, but the only thing I remember about the last election was that Obama won. I admire you all for having so much memory available to you. I'm not even sure if I ate yesterday, let alone the price of gas 4 years ago.

Originally Posted by Crotalus

America's three biggest oil companies, ExxonMobil ( XOM - news - people ), Chevron ( CVX - news - people ) and ConocoPhillips ( COP - news - people ), all endure income tax burdens of more than 40%--higher than the statutory U.S. rate of 35%. Exxon, with a 45% rate, tallied $21.6 billion in worldwide income taxes for 2010. Source Forbes.com

I'm sure 40% tax isn't enough for you. Do you believe profits are sinful, that corporations should not make a profit at all?

I don't know what they pay but in the end they are among the richest corporations in the world and some have more revenue than most countries. So when they have a spill why do they use technology that is 40 years old. I guess they can't afford the research cause it doesn't pay money like new drilling methods.