[sthguard]

"We're not talking a big impact here; we are talking about adding less than a penny to the cost of the fuel," said Tom Kloza, chief oil analyst for the Oil Price Information Service, referring to the impact that the increase would have on the price of gasoline.

According to Kloza's calculations, the 8-cent tax on a barrel of oil works out to 0.19 cents per gallon of gas. He said that an increase to 32 cents on a barrel of oil would equal 0.76 cents per gallon of gas. Has Mr. Kloza ever even taken a business class? If a corporation now has to play 400% more taxes on a product, it won't suck it up and maintain prices out of the goodness of its heart. Per-gallon prices may not precisely quadruple, but they sure as heck won't only go up by a penny!

[metmom]

Per-gallon prices may not precisely quadruple, but they sure as heck won't only go up by a penny!

Exactly.

You know that there will be all kinds of excuses that gas is going to jump way the heck more than a penny.