Bookmark.
Good to keep in mind when the mindless have the gall to bring up “big oil”. How about “big Government” huh?
Yep. I bet it would also closely resemble a blue & red state map.
I tried reading the comments at the source, but they should come with an automatic barf alert. Clearly a bunch of government worshiping ignoranuses decided to post their worthless opinions in an attempt to explain why it’s good that government makes nine times the profit on gasoline that the producer does. (Boils down to government is wonderful give them more of your money)
They’ll have to insert a new color on the map for California after the Jan. 1st Cap & Trade BS starts!! (16 to 70 cent tax increase):
http://www.usnews.com/opinion/economic-intelligence/2014/09/10/california-carbon-gas-tax-could-cost-drivers-big
You do need to take consideration of other taxes into the mix. With no state income tax, Florida’s tax rate is closer to a user fee than in other states where general revenue is also used for transportation projects.
When visiting my daughter in NC, we scoot 2 miles over the VA line to fill up before driving back to SC. The gas tax is 20 cents less in VA than in NC.
bttt
On top of the state tax, what is the Federal tax rate?
Pennsylvania is in the top ten states breaking 60 cents a gallon.
Our Republican governor Tom Corbett, who wants me to re-elect him, signed off on a 28 cents a gallon tax increase over five years with the first 9.5 cents taking effect this year.
The Republican controlled legislature also approved the big gas tax hike.
Once the rest kicks in Pennsylvania will have the highest gas taxes in the country at nearly 79 cents a gallon.
The ExxonMobil web site does not require excerpting.
They want as many people as possible to read that message.
In last week’s post about ExxonMobil’s 2013 earnings, I noted that we earned about 5.5 cents for every gallon of gasoline and other petroleum products we refined, shipped, and sold in the United States.
Consider this: The federal and state and local governments collected 40 to 60 cents per gallon in taxes.
The American Petroleum Institute just updated their map showing the combined local, state and federal tax rate in each state as of Jan. 1, when new taxes took effect.
he federal gasoline tax is the same from coast-to-coast –18.4 cents a gallon – which means any variations have been implemented by state and local governments.
The highest gasoline tax in the country is in California, where it now exceeds 70 cents a gallon. Combined with California-specific fuel-blending regulations that drive up refining costs, these taxes help make Golden State gasoline prices the most expensive in the country.
Several other states, such as New York, Connecticut, and Hawaii, are close to California in terms of the fuel-tax burden their residents bear, though none has yet joined in crossing the 70-cent-per-gallon threshold.
I encourage you to study API’s map (click the graphic above to enlarge), or dig into its interactive version for state-and-local-level specifics.
API interactive tax map
http://api.org/oil-and-natural-gas-overview/industry-economics/fuel-taxes/gasoline-tax
bttt
North Dakota should be ashamed of themselves. They are brining in huge money in energy and still has a gas tax. Pathetic.