“meaning double the taxes were coming into the government and states”
If you check here:
http://www.api.org/oil-and-natural-gas-overview/industry-economics/fuel-taxes
You’ll see most of the fuel taxes are per gallon, not per dollar
So a rising price does not produce “windfall profits” for govt
true my mistake
I still don’t trust the government though on gasoline- Why would they be advocationg $6.00 a gallon gasoline like obeamer wanted if they don’t profit off it? or had plans to profit like Carbon taxes/fines/mandates? There was also some talk about charging taxes per mile- don’t think that will eve3r happen- but if it does- it will really raise prices- They also seem hell bent on keeping refining companies from being able to create more refineries, and don’t seem to want to allow national drilling for some reason- There is a reason why they are trying t5o make the price of oil rise- they are doing everything I n their power to do so, and if not for theiro wn profit, then for what?