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 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 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?

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.

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.

Look at the salaries that TxDOT is paying their highest ( and least productive ) employees.

Then you ought to see the end of summer spending frenzy. It will make you sick. Saddest part is that such behavior is mandated by the damn legislature! We are required to spend EVERYTHING that was appropriated by August 31 as our new fiscal year starts Sept 1.

Raises for workers are not part of the money that has to be spent/screwed off.

Good ol' boys reign supreme in Austin.

Saw 87 octane selling for 3.18 9/10ths over at the QT at SH183 and Central yesterday.

Then you ought to see the end of summer spending frenzy. It will make you sick. Saddest part is that such behavior is mandated by the damn legislature! We are required to spend EVERYTHING that was appropriated by August 31 as our new fiscal year starts Sept 1.

It was the same way in the Army. Right around July, they'd get us all together and have us write wish lists of "stuff" we "needed". With the explanation that we needed to spend all the money we got last year, or we wouldn't be able to ask for MORE next year. Beautiful. We never really got much out of it, except a ton of range time. But it did happen like clockwork every year, and range time is a pretty decent way to spend a day.

Filled up at $3.11/Gallon today.

3.45 gal here in NH.