YEAH!
Let's bring back Jimmy Carter's energy policies.!
They worked sooooo well!
//sarcasm
NYMEX wholesale gasoline for May delivery closed at $1.475/gal on Friday.
Most of the rest is TAXES!
YEAH!
Let's bring back Jimmy Carter's energy policies.!
They worked sooooo well!
//sarcasm
NYMEX wholesale gasoline for May delivery closed at $1.475/gal on Friday.
Most of the rest is TAXES!
That chart only works in a perfect world where all of our wages increased the same as inflation. If you account for all the downsizing and pay cuts that have taken place in the last 25 years we may be paying $5.00 or more per gallon(and I'm guessing here).
NYMEX wholesale gasoline for May delivery closed at $1.475/gal on Friday.
Most of the rest is TAXES!
Table of various state tax rates including gasoline taxes: http://www.taxfoundation.org/variousrates.html
Add a 18.4 cent per gallon federal gasoline tax. So the total gasoline tax in Ohio is currently 44.4 cents per gallon.
NYMEX wholesale gasoline for May delivery closed at $1.475/gal on Friday.
$1.475 + $ 0.444 = $1.919 per gallon wholesale including Ohio tax. Current retail price near my house is $2.099. That leaves $0.18 / gallon for the delivery truck and the station. The credit card I use gives a 5% rebate on gasoline, giving a net retail price of $1.994 / gallon, or only 7.5 cents / gallon over wholesale.
Interesting picture but I believe it was taken during the 1973 Energy crisis.