Got that right, even if they dropped all taxes.
That looks just a little low on the gasoline tax.
http://api-ec.api.org/filelibrary/Gasoline-taxes.pdf
According to this:
http://www.gaspricewatch.com/usgastaxes.asp
California also includes a 6% sales tax on the gas. So todays inflated prices include even more tax than my previous post.
IMHO, Democrats need to sieze the moment and finally launch Gore's plan -- impose a very high fuel tax to curb consumption and fund alternate energy development. Time for them to walk their talk.
Yes, the emerging Chinese and Indian markets are increasing the demand for oil. This is part of why I would like to see more on and off shore oil and gas exploration and drilling in the U.S.
I would also like to add that the pie charts shown fail to separate refinery cost and profit. Cost and profit are economic polar opposites. Federal and state taxes represent the largest profit in gasoline sales in this country IIRC.
Deport the illegals. The demand for fuel will be lessened by doing so. Prices will fall. Problem solved. Next!
To the forum:
Anybody here know anything about laws (Fed or state) that forbid gas stations
from "breaking down" the cost of gasoline on the sales tab?
I was listening to Glen Beck shows and he had a gas station owner
in Ohio say something LIKE he was forbidden by law from stating on his
sales receipts to the customer how much HE had paid for the fuel.
I was just wondering how prevalent ordinances against itemizing the cost
of a gasoline purchase are (or if this is something of an urban legend).
I do think itemizing the components for a gasoline sale could be
instructive (and maddening) if people saw things like the assessed tax
printed out on the receipt.
I think everybody complaining about oil profits and *greed* should be required to read that pie chart and be forced to explain what it means so they can't pretend they don't know or nobody told them.
Can you say bubble?