Another great break thru annouced today. Wind mills for power. Roller skates should be next. Mean while gas in my little town just hit $1.85. That was at 11am. By 3pm all 70 stations had the same price. Local radio station went and did a drive around and put it on the air. Service station owners defense was. Hey if he can raise his I can to. Good reason. Fu?? you and me.
Gas Prices Take a Look
- Thread starter djv
- Start date
Question.At a cost $2.00 a gallon.
Anyone know what part is actual cost of gas and what part is TAX.
as the song goes-----and if you walk I'll tax your feet,I'm the tax man.
[This message has been edited by DOGS THAT BARK (edited 05-02-2001).]
Anyone know what part is actual cost of gas and what part is TAX.
as the song goes-----and if you walk I'll tax your feet,I'm the tax man.
[This message has been edited by DOGS THAT BARK (edited 05-02-2001).]
Based on recent price data from the Energy Information Administration of the U.S. Department of Energy, these taxes account for about 28 percent of what you pay for a gallon of gas at the pump.
For a car with a standard 15 gallon gas tank, a tax of 37.7 cents per gallon adds up to $5.66 per fill-up. The Tax Foundation estimates that the average American household will spend $422 this year on these taxes alone.
Illinois revoked its taxes last year for a six-month period and the price per gallon dropped roughly 20 cents, so the figures appear to be correct. No such revocation is proposed this year due to the revenue lost last year.
For a car with a standard 15 gallon gas tank, a tax of 37.7 cents per gallon adds up to $5.66 per fill-up. The Tax Foundation estimates that the average American household will spend $422 this year on these taxes alone.
Illinois revoked its taxes last year for a six-month period and the price per gallon dropped roughly 20 cents, so the figures appear to be correct. No such revocation is proposed this year due to the revenue lost last year.
Cant believe it one guy drop his price today 3 cents. Were taking odds on if he will live to see tomorrow.
Holly Chit, prices in the Chicago area went up 15 to 20 cents in one day. Something wrong here guys. Screw supply and demand. Supply and demand did not jump that much in 24 hours.
This is starting to smell more and more. The price for a barrel of oil has dropped over last 45 days. Gas still going up. The barrel of oil price does relate to gas price. That is what the oil co's say, them selfs. Were is shock here. Every 3 to 4 days they rase it more. Mktg 101 has no answer for these bastards. And supply and demand ethics have gone out the window.
Guys, Around here $1.56 a gallon for 87 proof low grade WHICH includes a 45 cent gasoline tax.. Good luck to all
Cash, were running about same tax base. But Our gas is $186 for the junk stuff. Now what makes mind 30 cents better then yours is what everyone is asking. Last year they picked on Ill,Ind and Mo. This year it seems to be Wis,Ill, and out West.
Gator you still getting by with good price? .
Gator you still getting by with good price? .
I think Iron asked how the oil companies have benefitted from the Bush admin.
Here's a reference that may give some insight.
http://www.msnbc.com/news/566757.asp
About Clinton's last minute environmental measures and Bush's reversal of them.
Here's a reference that may give some insight.
http://www.msnbc.com/news/566757.asp
About Clinton's last minute environmental measures and Bush's reversal of them.
Great Article.....VERY in depth...LMAO
Try this one.......
"Easy economics and complicated politics"
by Thomas Sowell
May 3, 2001-- IT was only a passing news item when the financial information service Standard & Poor's lowered the rating it gave to bonds issued by the state of California. But it has big implications and it also shows the big difference between economics and politics.
At the heart of all this is the electricity crisis in California. With the state's public utility companies being forced by law to sell electricity to the public at lower prices than were paid to buy it, it was only a matter of time before these companies were heading toward bankruptcy. Since somebody has to buy electricity from those who generate it, and the public utilities no longer had either the money or the credit to do so, California's state government has had to step in and buy electricity, or else see the lights go out and the state's whole economy collapse.
Although the state government has not run out of money or had to default on its bonds, financial experts like Standard & Poor's can see big bills, big debts and big taxes just over the horizon. That is why S & P is warning investors that California's state bonds are not as safe as they were. Those who buy these bonds face greater risk of default or delayed payments, which amount to a partial default.
Ironically, this whole predicament arose because political decision-makers did not look ahead, as economic decision-makers are forced to do. It is not rocket science to figure out that no business can buy high and sell low for very long. But it is always politically expedient to impose price controls on business, in order to look like you are protecting consumers.
If you don't understand the economics of price controls, just look at the history of it. Price controls created a gasoline shortage in the United States in the 1970s, food shortages in France in the 1790s, and housing shortages under rent control in cities around the world at various times in between. Why should anyone be surprised that price controls caused a shortage of electricity in California today when price controls have been causing shortages as far back as the days of the Roman Empire?
Yet what is the cry of the hour? A demand for federal price controls to rescue California! In other words, the same short-sighted politics that created an electricity crisis for California can now be followed to create a more widespread shortage of electricity around the country. Politicians know better. They just are not likely to do better. As California's governor Gray Davis said, in one of his rare candid and rational statements, "Believe me, if I wanted to raise rates, I could have solved this problem in 20 minutes."
In other words, the economic problem is simple. It is the political problem that gets complicated. The economic problem is how to keep electricity flowing to California consumers and the California economy. The answer is ridiculously easy: Pay for it! That is how we get other things that we want.
But it is not that easy for politicians to admit to the voting public that this whole disastrous farce was brought on by them, when they tried to look like knights in shining armor, rescuing the distressed consumers from the greedy electric companies. Such a devastating admission would not be the way for Gray Davis to get re-elected governor, much less remain viable as a prospect for the Democrats' presidential nomination in 2004.
Instead, we get a flurry of activities and a blizzard of rhetoric and regulations. If you cannot follow all the new government policies in response to the electricity crisis, then that shows that these policies are a great political success. If the public understood, it would be a political catastrophe.
There is no Standard & Poor's for politics. Investors may be warned about economic realities ahead but voters are told political fairy tales that blame electricity companies' "greed" -- greed apparently directed solely at California, but not at any of the other 49 states.
As an economist, I wish that everyone understood the economics and politics of the electricity crisis. On the other hand, as a humanitarian I shudder to think of what they would do if they did.
Do we really want to see blood flowing in the streets of Sacramento? Do we want to see mobs rampaging through the state capital, carrying torchlights and pitchforks, and displaying on pikes the heads of Governor Gray Davis and members of the state public utility commission? No. Ignorance may not be bliss but it may be more humane.
JWR contributor Thomas Sowell, a fellow at the Hoover Institution, is author of several books, including his latest, Basic Economics: A Citizen's Guide to the Economy.
Try this one.......
"Easy economics and complicated politics"
by Thomas Sowell
May 3, 2001-- IT was only a passing news item when the financial information service Standard & Poor's lowered the rating it gave to bonds issued by the state of California. But it has big implications and it also shows the big difference between economics and politics.
At the heart of all this is the electricity crisis in California. With the state's public utility companies being forced by law to sell electricity to the public at lower prices than were paid to buy it, it was only a matter of time before these companies were heading toward bankruptcy. Since somebody has to buy electricity from those who generate it, and the public utilities no longer had either the money or the credit to do so, California's state government has had to step in and buy electricity, or else see the lights go out and the state's whole economy collapse.
Although the state government has not run out of money or had to default on its bonds, financial experts like Standard & Poor's can see big bills, big debts and big taxes just over the horizon. That is why S & P is warning investors that California's state bonds are not as safe as they were. Those who buy these bonds face greater risk of default or delayed payments, which amount to a partial default.
Ironically, this whole predicament arose because political decision-makers did not look ahead, as economic decision-makers are forced to do. It is not rocket science to figure out that no business can buy high and sell low for very long. But it is always politically expedient to impose price controls on business, in order to look like you are protecting consumers.
If you don't understand the economics of price controls, just look at the history of it. Price controls created a gasoline shortage in the United States in the 1970s, food shortages in France in the 1790s, and housing shortages under rent control in cities around the world at various times in between. Why should anyone be surprised that price controls caused a shortage of electricity in California today when price controls have been causing shortages as far back as the days of the Roman Empire?
Yet what is the cry of the hour? A demand for federal price controls to rescue California! In other words, the same short-sighted politics that created an electricity crisis for California can now be followed to create a more widespread shortage of electricity around the country. Politicians know better. They just are not likely to do better. As California's governor Gray Davis said, in one of his rare candid and rational statements, "Believe me, if I wanted to raise rates, I could have solved this problem in 20 minutes."
In other words, the economic problem is simple. It is the political problem that gets complicated. The economic problem is how to keep electricity flowing to California consumers and the California economy. The answer is ridiculously easy: Pay for it! That is how we get other things that we want.
But it is not that easy for politicians to admit to the voting public that this whole disastrous farce was brought on by them, when they tried to look like knights in shining armor, rescuing the distressed consumers from the greedy electric companies. Such a devastating admission would not be the way for Gray Davis to get re-elected governor, much less remain viable as a prospect for the Democrats' presidential nomination in 2004.
Instead, we get a flurry of activities and a blizzard of rhetoric and regulations. If you cannot follow all the new government policies in response to the electricity crisis, then that shows that these policies are a great political success. If the public understood, it would be a political catastrophe.
There is no Standard & Poor's for politics. Investors may be warned about economic realities ahead but voters are told political fairy tales that blame electricity companies' "greed" -- greed apparently directed solely at California, but not at any of the other 49 states.
As an economist, I wish that everyone understood the economics and politics of the electricity crisis. On the other hand, as a humanitarian I shudder to think of what they would do if they did.
Do we really want to see blood flowing in the streets of Sacramento? Do we want to see mobs rampaging through the state capital, carrying torchlights and pitchforks, and displaying on pikes the heads of Governor Gray Davis and members of the state public utility commission? No. Ignorance may not be bliss but it may be more humane.
JWR contributor Thomas Sowell, a fellow at the Hoover Institution, is author of several books, including his latest, Basic Economics: A Citizen's Guide to the Economy.
A good case for D-regulation gone wrong. Not sure who missed the boat. Will be something they discuss years from now on better ways to success. Not sure what part it plays in gas prices. For sure has nothing to do with prices going up three times a week. Every excuse to raise prices has been used. To bad such effort was not used in holding the line.
djv,
It appears the you assume everyone selling gas is getting rich at the expense of the public, and since you seem to think there is something screwy going on here, then I suggest that you buy a gas station and compete at a lower price. You should have lots of business. Or if the problem is higher up the line, buy a wholesale distribution business. Or if it's farther up the line still, buy a refinery. Or if that's not the problem just start an oil company, sell it for the price you think is fair, and put those scumbags out of business.
California got what it deserves. They 'deregulated' except they put a cap on the price to protect the consumer. So now, no one wants to sell to the consumer - lights out please. I just hope and pray the Feds don't bail their ass out on this one. They already forced utilities in Oregon and Washington to sell to California, which is now costing folks in those two states more money. How is that fair?
California violated the economic laws of utilities. Utilities are guaranteed a small profit so that they can provide the needed service. In return, the government limits competition among the utilities (protected territories is how I like to think about it). Utilities are 'required by law' in most instances to pass along their costs, plus a small profit, to their consumers. Their activies are very closely monitored to prevent fraud, theft, corruption, etc., to further protect the consumer. California wanted it both ways - free market on the supply end with price caps on the selling end. The consumers in California will now have to pay more in taxes to pump up their failing bonds, more in taxes to build power plants in a hurry, more in taxes to continue to subsidize those who truly cannot afford the high energy costs they now face.
Skinar
It appears the you assume everyone selling gas is getting rich at the expense of the public, and since you seem to think there is something screwy going on here, then I suggest that you buy a gas station and compete at a lower price. You should have lots of business. Or if the problem is higher up the line, buy a wholesale distribution business. Or if it's farther up the line still, buy a refinery. Or if that's not the problem just start an oil company, sell it for the price you think is fair, and put those scumbags out of business.
California got what it deserves. They 'deregulated' except they put a cap on the price to protect the consumer. So now, no one wants to sell to the consumer - lights out please. I just hope and pray the Feds don't bail their ass out on this one. They already forced utilities in Oregon and Washington to sell to California, which is now costing folks in those two states more money. How is that fair?
California violated the economic laws of utilities. Utilities are guaranteed a small profit so that they can provide the needed service. In return, the government limits competition among the utilities (protected territories is how I like to think about it). Utilities are 'required by law' in most instances to pass along their costs, plus a small profit, to their consumers. Their activies are very closely monitored to prevent fraud, theft, corruption, etc., to further protect the consumer. California wanted it both ways - free market on the supply end with price caps on the selling end. The consumers in California will now have to pay more in taxes to pump up their failing bonds, more in taxes to build power plants in a hurry, more in taxes to continue to subsidize those who truly cannot afford the high energy costs they now face.
Skinar
And furthermore ----
I just went to the Kentucky Derby. They charge $5.50 for a 16 oz. beer!!! $40 for an infield ticket to sit in the grass next to some college kid barfing his guts out. I would truly be in favor of someone stopping this obvious price gouging. Hell, at those prices I could only afford 12 beers, when I really wanted about 18.
I just went to the Kentucky Derby. They charge $5.50 for a 16 oz. beer!!! $40 for an infield ticket to sit in the grass next to some college kid barfing his guts out. I would truly be in favor of someone stopping this obvious price gouging. Hell, at those prices I could only afford 12 beers, when I really wanted about 18.
At those prices, I'd just bring in a pint of good whisky, and spend 3.75 for a watered-down coke. Oh, thats right, I've already done that once before. Any new ideas.......
That derby ticket sounds good. Super Bowl will put you in poor house for a week. Calf has got problem I agree. It's d-regulation gone grazie. But there taking it in the a?? good on gas. Now over $2.05 there. Thats the stuff with the water in it. Good stuff $2.20
Now if I only was in Texas or Florida they some how get it for $1.60. Even less.Hmmm couple of Bush states. Who knows. One thing forsure we will never know. Own a gas station. Little old now to start. Worked at one for second job few years back. The owner made a good liveing. But if anyone is pi?? now just wait. Like I said all excuses for high prices are there. Even you whould guestion a jump of 15 to 20 cents in two days. I know they think were all dumb. But that dumb.
Now if I only was in Texas or Florida they some how get it for $1.60. Even less.Hmmm couple of Bush states. Who knows. One thing forsure we will never know. Own a gas station. Little old now to start. Worked at one for second job few years back. The owner made a good liveing. But if anyone is pi?? now just wait. Like I said all excuses for high prices are there. Even you whould guestion a jump of 15 to 20 cents in two days. I know they think were all dumb. But that dumb.
Redsfann,
If you can get by the full body-cavity search on the way IN to the Derby, then the whiskey idea has a lot of merit. They don't get angry when they frisk you
and find your bottle, they merely smash the hell out of it in the dumpster, smile, and say 'Have a GREAT day!'.
djv,
Gas is around $1.70 for the cheap stuff right here (Louisville, KY area). Down the road towards Tennessee I hear it's about $1.50. I agree it doesn't make any sense. There was a good article in WIRED e-zine about Bush's focus on fossil fuels and nuclear as the answer. Most of the think tanks are pressing for conservation and alternative methods, which I think is the ONLY long-term solution so we might as well get on with it. Photovoltaics are dropping in price and the article made the point that eventually solar energy will provide a viable, non-centralized source of cost competitive energy. I'm thinking about looking at it myself.
Skinar
If you can get by the full body-cavity search on the way IN to the Derby, then the whiskey idea has a lot of merit. They don't get angry when they frisk you
djv,
Gas is around $1.70 for the cheap stuff right here (Louisville, KY area). Down the road towards Tennessee I hear it's about $1.50. I agree it doesn't make any sense. There was a good article in WIRED e-zine about Bush's focus on fossil fuels and nuclear as the answer. Most of the think tanks are pressing for conservation and alternative methods, which I think is the ONLY long-term solution so we might as well get on with it. Photovoltaics are dropping in price and the article made the point that eventually solar energy will provide a viable, non-centralized source of cost competitive energy. I'm thinking about looking at it myself.
Skinar
Skinar sad thing is we had 27 years to do something about it. We try but no one who's been in that White House over all these years. Well lets say did more then talk a little. They got the auto industry to give us some better fuel efficency cars. But then everyone forgot about it and bought gas sucking 4 wheal drive monsters. The Coal industry has had all these years to find away to burn cleaner. Could have many new power plants useing coal. Now there thinking about it again. Seem White House no matters whos there worries about that oil industry. Half this country could be on alternative fuels. But no incentives were given anyone to try real hard. Just a little lip service.
Don't want to get back into the gas debate. I think DJV and I are a little more sensitive to the gas issue due to our location. But for next year's derby:
Fill a cooler with bottles of juice and ice. Pour everclear into the ice (it has no smell and will look like melted ice). You might not make it to the third race but it will be a fun half hour.
Fill a cooler with bottles of juice and ice. Pour everclear into the ice (it has no smell and will look like melted ice). You might not make it to the third race but it will be a fun half hour.
