How does that work? I figure a percentage of $4.00 a gallon is far more than a percentage of $1.50 a gallon. Of government cared a whit about the stability of the country they “serve”, they would lower the tax on gas, AND on the oil companies as well! Not to mention dropping the injunctions against domestic drilling and refinery improvements! DRILL HERE! DRILL NOW!
The federal gas tax is a flat rate of 18.3 cents of every gallon sold. The tax is the same if gas is $4.00 or $1.50 per gallon.
The federal tax is 18.4 cents PER GALLON. It is not a percentage of the price of gas per gallon.
Ir they were smart, and that is a big if, they wouild do everything to keep the price per gallon as low as possible so we bought more and they got more.
But they are blinded by their eco agenda and have screwed themselves.
So what is their solution to their screw up?
Steal some more money from us.