To: MeneMeneTekelUpharsin
The price at the pump (including the outrageous gas taxes where I live) should still be 30 or 40 cents lower from what I can figure.
Maybe my math sucks.
2 posted on
04/19/2020 8:03:12 PM PDT by
dp0622
(Radicals, racists dont point fingers at me I'm a small town white boy Just tryin to make ends meet)
To: dp0622
The price at the pump (including the outrageous gas taxes where I live) should still be 30 or 40 cents lower from what I can figure. Maybe my math sucks.
I can remember 1999 gas prices because i had a long commute in those days. Here in the S.F. Bay Area back then regular gas was around $1.50 per gallon. Now, despite similar crude prices, regular gas is around $2.50 / gallon. Go figure.
To: dp0622
You’re not taking onto account that portion of the per gallon price that will never go down, because it is excise tax levied at multiple levels of government.
They could give the gas away free from the point of view of the producers, and that per gallon tax would be the same as if the total price per gallon was $5.00.
21 posted on
04/19/2020 8:38:46 PM PDT by
ExGeeEye
(For dark is the suede that mows like a harvest.)
To: dp0622
Sorry, looks like you are taking taxes into account. There are other built-in costs that don’t go down, such as refinement, refinery maintenance, and pipeline maintenance that will also always exist regardless of the market value of the crude coming out of the ground.
26 posted on
04/19/2020 8:42:55 PM PDT by
ExGeeEye
(For dark is the suede that mows like a harvest.)
To: dp0622
The price at the pump (including the outrageous gas taxes where I live) should still be 30 or 40 cents lower from what I can figure. Maybe my math sucks. This has ZERO effect on gas prices. Gasoline futures have been rising about 14% in the past two weeks after hitting a low of 1.50, now 1.71.
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