[PJBankard]

That’s insane. I would love to see the prices drop back down to under a dollar or at least at about a dollar per gallon.

[snoringbear]

“That’s insane. I would love to see the prices drop back down to under a dollar or at least at about a dollar per gallon.”

When I was a teenager in the sixties gas was around 25 cents/gal with occasional price wars driving it down to 15 cents or there abouts. If you should inflation adjust over 50 ~ 60 years the equivalent in today’s dollars is in the 3 ~ 4 dollar range. So, today’s prices are pretty darn good. Personally, I would like to see crude stabilize around $50/barrel. Thereby, US oil companies could make a profit while at the same time consumers would benefit as well.

[TYVets]

The total for state and Federal Taxes on gasoline make up at least 35 cents per gallon.

Government makes more money per gallon than does any one else, so there is a bottom price

[TYVets]

A map of the US showing the amount of tax per gallon of gasoline. 35 to 60 cents per gallon

http://www.api.org/oil-and-natural-gas-overview/industry-economics/fuel-taxes/gasoline-tax