$5.70 a gallon gas ain't too bad.
Yup I've been in the pot too long. Good thing I'll be going on a "Stay-Cation" next week I can save a few bucks on fuel.
Oh that reminds me I got a Gulf gas station now. It's a name change from I forget what it was before Valero? But savings of .70 cents I may have to carry cash. Gulf is good gas, right?
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Send off a quick note to Biden to see if he could help you out,, it is an election year
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I'm in California dude don't need my help. It's a lock. Might as well just color it blue in permanent ink foreva.
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Well, now you know why food prices are high. Growing, processing, transporting, and presenting fresh vegetables or meat is a fossil fuel intensive enterprise.
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Just curious, are all wages double what the are in the rest of the country in order to afford those gas prices?
I would have to earn a lot more or drive a lot less if prices were that high in my state.
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Used to think we were getting a deal in PR before I realized gas is priced per liter and not per gallon over here, for some reason. Turns out that (per gallon) it's the same price as the mainland. Thankful that my commute is only 15 minutes per trip in my comically small Honda Fit, but my heart goes out to those with larger vehicles and longer commutes.
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The taxes on gas in DEMOCRAT controlled Ca is more than the product itself. CA also has the highest income tax of the 50.
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Mobuck: 29938660265371/comments/29938670992155
Well, now you know why food prices are high. Growing, processing, transporting, and presenting fresh vegetables or meat is a fossil fuel intensive enterprise.
Brandon EV's needs to start transporting grocery products. (yea sure)
It's an election year.
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Federal gas tax is 18.9 cents a gallon and I see where California state tax is 77.9 cents a gallon as of July 2023. In western Illinois gas is $3.70 a gallon, state tax is 45.5 cents a gallon. If after election Biden should remain in office I’m afraid $5.70 a gallon will look like a bargain basement sale.
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Let's talk petro-economy by all means. And let's talk EV's while we're at it. State and local fuel tax are one thing and often hard to see as anything but a grab. But big-oil doesn't pay much corporate tax - still even after modest reductions. They are also the same people who IMMEDIATELY raise their prices when their raw material cost goes up even though the oil they are refining and selling as gas may have been bought months or even a year prior at a much lower per-barrel cost.
On the other hand the EV value proposition is still under water. Between the rare earth minerals it takes to make the lithium batteries and the fact that most electricity still comes from a fossil fuel source - EV people are just making themselves feel better.
Decarbonization is coming fellas - it has to. The big gets are in reducing dust emissions from big agriculture and NG capture. But really awesome fuel efficiency technology is already available - i.e. - diesel water emulsion and hyper-mileage ICE engines. Not to mention small-package drone delivery. And who do you think owns and holds back most of it? It's not a hard guess.
What tax incentives encourage energy production from fossil fuels?
Tax subsidies for oil, gas and coal development are expected to reduce federal revenue by $12.9 billion from 2022 to 2026 (figure 1). The three...0 -
@...: 29938660265371/comments/29938661240475
Let's talk petro-economy by all means. And let's talk EV's while we're at it. State and local fuel tax are one thing and often hard to see as anything but a grab. But big-oil doesn't pay much corporate tax - still even after modest reductions. They are also the same people who IMMEDIATELY raise their prices when their raw material cost goes up even though the oil they are refining and selling as gas may have been bought months or even a year prior at a much lower per-barrel cost.
On the other hand the EV value proposition is still under water. Between the rare earth minerals it takes to make the lithium batteries and the fact that most electricity still comes from a fossil fuel source - EV people are just making themselves feel better.
Decarbonization is coming fellas - it has to. The big gets are in reducing dust emissions from big agriculture and NG capture. But really awesome fuel efficiency technology is already available - i.e. - diesel water emulsion and hyper-mileage ICE engines. Not to mention small-package drone delivery. And who do you think owns and holds back most of it? It's not a hard guess.
Oil companies average profit per gallon of gas runs around 8 cent per USG according to Forbes, National Review & other trusted sources. Certainly and when dealing with any commodity there volatility issues & prices can spike.
To get quickly to my point: it is NOT the oil companies, not the refineries, not the distributors or any business in between who benefit the most from the sale & production of gas or diesel, because the real benefactors are…… (Drum Roll)…….. Governments.
Ironically, government does absolutely nothing to bring oil from the ground to the pump. Even worse, Government thru executive orders, mandates, regulations, such acts as shutting down the Keystone & other pipelines deters production and key causes of volatility in the market.
Oil, gas, diesel, we depend on is TAXED from the time it comes out of the ground to the pump. Oil is taxed at the refineries, taxed when its shipped to the refineries, taxed when it is transported to individual service stations, and more. The aforementioned excise and sales taxes in preceding posts are then added.
What strikes me as strange is why are oil companies branded as evil, gougers, scalpers when their job is to supply our fuel needs. Oil companies profits are minuscule in comparison to GOVERNMENT.
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wife & I 'winter' in Bullhead City Az., just across the river from Ca. Gas is $1.50 something cheaper on the 'good' side of the river. LOTS of Ca. license plates at the gas stations.
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https://www.reuters.com/business/energy/big-oil-doubles-profits-blockbuster-2022-2023-02-08/
So is liquor and cigarettes - people don't stop buying the product. 8 cents on the wholesale numbers they turn - I believe that and it doesn't sound like a lot. But the volume is gi-f'ng-normous. And - they don't pay much or any tax on their profit. If it's such a price sensitive business - why are they breaking record profit numbers by 2x YOY?
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Chiefr You are absolutely correct. Now as far as Lucky4597 talked about the price of gas going up when there is a price increase, it also goes down when there is a decrease in price as well. Some people fail to understand that the price of gas already in the pipe line changes with the market. It’s a commodity. Company’s pay a lot of tax. When governments tax the company’s the company’s pass the tax along to the consumers. If they didn’t they would go under. It’s a lot better to be self sufficient energy wise than to rely on OPEC and other nations to set the price of crude oil.
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@waltermoe - wouldn't a key part of a successful self-sufficiency strategy be bringing down consumption?
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@Lucky4597 There is over 500 years of oil left in the United States, there is plenty of time to change over to electric. Consumer demand is what will bring about change in the market. And right now there is no demand for something that isn’t convenient to own, and not as dependable and efficient mileage wise as the gasoline engine.
This electric vehicle dream is just that, a dream. I understand about dreaming, but I also understand about waking up.12 -
waltermoe: 29938660265371/comments/29938684834843
@Lucky4597 There is over 500 years of oil left in the United States, there is plenty of time to change over to electric. Consumer demand is what will bring about change in the market. And right now there is no demand for something that isn’t convenient to own, and not as dependable and efficient mileage wise as the gasoline engine.
This electric vehicle dream is just that, a dream. I understand about dreaming, but I also understand about waking up.I'm not an EV advocate - at all. That value proposition is under water. The rare earth mineral mining for the batteries and the clueless people who apparently don't understand the fact that electric power generation requires a feed-stock, don't get me started. My point was more along the lines of some of yours above - but w/the off ramp of: the chicken/egg effect of a stabilized gasoline cost , supply/demand, and the alternatives. And by alternatives I primarily mean hyper-mileage technologies like diesel water emulsion, high-tech hyper-mileage ICE engines - and good old fashioned consumerism. We don't have to be all-in on a petro-economy. We can lower the cost of the commodity by reducing how much we buy. If nothing changes - nothing changes. Big-Oil and Big-Auto own all this tech - and they don't want it in retail rotation until that 500 years worth of crude is getting shallow. Sporadic spikes in gas prices ain't the end of the world.
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chiefr: 29938660265371/comments/29938683527195
The taxes on gas in DEMOCRAT controlled Ca is more than the product itself. CA also has the highest income tax of the 50.
How else are we to pay for their schemes? I reckon I'll be paying for more with the illegals. There was a bumper sticker I once saw something about millions are depending on me working.
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@...: 29938660265371/comments/29938684510107
https://www.reuters.com/business/energy/big-oil-doubles-profits-blockbuster-2022-2023-02-08/
So is liquor and cigarettes - people don't stop buying the product. 8 cents on the wholesale numbers they turn - I believe that and it doesn't sound like a lot. But the volume is gi-f'ng-normous. And - they don't pay much or any tax on their profit. If it's such a price sensitive business - why are they breaking record profit numbers by 2x YOY?
I dont have a problem with someone making a profit: USA is a capitalist republic. When Biden instituted EOs stopping construction of the Keystone pipeline and terminating fracking and drilling on federal land, gas went from around $2 to $4 per gallon as predicted. Then we have the uninformed who fail to believe corps profits are reinvested in the corporations and earnings are passed to stock holders.
BTW Corps only get tax breaks when they do what government tells them to do.
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chiefr: 29938660265371/comments/29938662720539
https://forums.gunbroker.com/discussion/comment/11435963#Comment_11435963
I dont have a problem with someone making a profit: USA is a capitalist republic. When Biden instituted EOs stopping construction of the Keystone pipeline and terminating fracking and drilling on federal land, gas went from around $2 to $4 per gallon as predicted. Then we have the uninformed who fail to believe corps profits are reinvested in the corporations and earnings are passed to stock holders.
BTW Corps only get tax breaks when they do what government tells them to do.
I don't disagree w/any of that Chief.I think my main point, and my issue in general w/people who b#tch about gas prices is - drive less/use less/build-a-better-mousetrap...
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The ONLY thing that will help gas prices....…is when people make better decisions at the VOTING BOOTH!!
Just sayin'
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@...: 29938660265371/comments/29938695010843
https://forums.gunbroker.com/discussion/comment/11435993#Comment_11435993
I don't disagree w/any of that Chief.I think my main point, and my issue in general w/people who b#tch about gas prices is - drive less/use less/build-a-better-mousetrap...
I not sure where you live. But here in the United State we don’t like the government telling us how we should live and restricting are rights to travel. 248 years ago the British and their king George tried to tell us how we were to live and were restricting are rights. We told them to go pound sand.
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waltermoe: 29938660265371/comments/29938685970715
https://forums.gunbroker.com/discussion/comment/11435995#Comment_11435995
I not sure where you live. But here in the United State we don’t like the government telling us how we should live and restricting are rights to travel. 248 years ago the British and their king George tried to tell us how we were to live and were restricting are rights. We told them to go pound sand.
Again - I'm not disagreeing, but the government isn't the sole setter of gas prices. Drive - pay - be happy.
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mike55: 29938660265371/comments/29938698723995
The ONLY thing that will help gas prices....…is when people make better decisions at the VOTING BOOTH!!
Just sayin'
Spot on Mike, To clarify for those who allow CNN, MSNBC & the likes to decide who they vote for: Quit voting for DEMOCRATs!
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