Posted on 10/31/2021 8:49:36 AM PDT by Hojczyk
You are correct. Guys in OK that have wells are saying that they shut off some of those wells and they lose pressure. So they cant.
Yet, the word is that the government is about to try and force them to shut them down.
See last weeks news about the government to further regulate the gas and oil industry.
“We might get up to 4.00 gallon but that will be pushing it.”
My FRiend, we will be well over $4 before this is over.
“I guess I’ll hang on to my energy and pipeline stocks.”
Last 2-3 years never heard anything about our gas royalties.
The last few months we have been getting 4-5 letters a week asking if we want to sell our royalties or sign a lease deal.
That mean they will be pumping on our grid soon.
Can’t wait. If it happens I will officialy retire.
“My FRiend, we will be well over $4 before this is over.”
Anything over 4.00 will tank the economy and even the democrats don’t want that to happen.
its over 4. in california
How much of that $4 is taxes?
“The last few months we have been getting 4-5 letters a week asking if we want to sell our royalties or sign a lease deal.”
Yes, I get those letters too. My monthly checks totaled around $200 a few month back. Now they are to $700, which more than pays for my gas, thank goodness.
People don’t understand that energy companies invested billions in govt leases getting them ready for production and Biden closed those areas, wasting all that money. We are more screwed than people realize.
Federal excise tax – 18.4 cents per gallon (cpg)
California state excise tax – 51.1 cpg, some of which is used for roads, freeways and bridges
Sales tax – It varies by area. The average is 12.7 cpg
Underground storage tank fee – 2 cpg
Fuels under the cap – 15.1 cpg This program works to control greenhouse gases.
Low carbon fuel standard - 22.6 cpg This program is designed to reduce carbon intensity in transportation fuels.
Does California pay the highest in gas taxes and fees?
Yes.
Noda says the nationwide average for fees and taxes is 65 cents less compared to California.
“The U.S. average for fees and taxes is about 56.5 cents and we’re at $1.21.”
Do other factors play a role in California’s high gas prices?
Yes.
Among them: California has a special grade of gasoline, and 10% of it is ethanol, which costs more money to transport.
There’s also the higher cost of doing business here.
“A lot of that has to do with the real estate costs. Service stations need a higher margin to cover those costs,” said Noda.
He believes taxes and fees will continue to rise as a result of California’s environmental programs becoming more stringent.
WATCH RELATED: San Diego gas prices are spiking (Feb. 2021)
“I get those letters too. My monthly checks totaled around $200 a few month back. Now they are to $700, which more than pays for my gas, thank goodness.”
We own a farm..It will be in the nice 5 figures every month.
Yup. What amazes me more is that some around here constantly whine, "Why didn't he do THIS? Why didn't he do THAT?"
Err, maybe because he had the ENTIRE FREAKING FEDERAL GOVERNMENT against him?
I don't think so. There were lots of producers who went bust during the Covid lockdowns and it takes a while to get all those rigs producing again.
Having said that, $80 oil is a pretty good incentive to speed up the process.
Not when Calif raises the gas tax to $2.00
It’ll never get that high. Even Rush had a segment on this. There’ll be so many producers rushing to get in that the price will naturally decline again.
That why it was low under Trump and high under Biden
Trump removed the government road blocks and the market worked.. the producers rushed in lowering the price and making the US a surplus producers of energy.. first time I think in 40 years
Biden got in and blocked everthing.. crushing the free market.. and making us dependent on Biden n sons buddy’s at outrageous prices...
Your talking free markets forces allow to solve a problem.. but it can’t when you have a corrupt command and control Communism government killing it
I paid $3.19 for regular gas yesterday here in central Texas.
Gorda CA (near the coast)—$7.95 gallon.
Disgusting what is happening to this state.
Californians will see a mileage tax on their cars before long.
I don’t think the president can do much about gas prices besides raise/lower the taxes on it
And the idea that we went from “energy independent” during Trump to not being in 9 months of Biden doesn’t make sense, things don’t shift that fast
Nothing Trump says is pie in the sky or campaign rhetoric
******,******************************
‘The vaccines are good. Everyone should take them. The only reason people don’t want them is because of not trusting Biden. The reason the Southwest pilots are boycotting is because of the election fraud’
These are things I have either heard Trump say or read direct quotes. I don’t mean to be a pain in the rear end but gas prices are going to be a very minor issue relative to the vaccines and what they’re being used for. And if Trump wants to lead us again he better get some facts and let go of his pride for his operation warp speed debacle.
After China invades Taiwan, people will say, “How did this happen?”
we’re about 3.19 average
we were approx $2 at the end of Trump
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