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Doctor Feelgood
Arrrrghh!
Joined: 07 Apr 2003
Posts: 20349
Location: New Jersey
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 Posted: Thu, 27 Jul 2006 10:33:17 Post Subject: Gouging Confirmed... |
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Seriously - why are we paying $3+ /gallon? Oh, for massive profits to the oil companies. I wish I could just stop using gasoline all together!
foxnews.com
| Quote: | | Exxon, the world's largest public oil company, saw net income for the second quarter climb 35 percent to $10.36 billion, a near-record quarterly profit for a publicly traded U.S. company. Shell posted profit of more than $6 billion, a 36 percent gain. |
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Little Bruin
Boo Boo
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knight0334
Rated XXX
Joined: 22 Aug 2003
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Asylum
Joshzilla
Joined: 03 Feb 2005
Posts: 1142
Location: Suburbs of BFE
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| Posted: Thu, 27 Jul 2006 11:29:06 Post Subject: |
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Another group that is gouging us on gas...our very own US government
18 cents per gallon federal plus See how much your state charges in taxes.
http://www.gaspricewatch.com/usgastaxes.asp
Montana comes in at 28 cents per gallon.
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mrweasel
I can haz cheezbrgr?
Joined: 13 Jun 2005
Posts: 1444
Location: Pasadena, MD
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| Posted: Thu, 27 Jul 2006 11:31:17 Post Subject: |
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23 in MD....ouch!
31....sucks to be in PA, eh Knight?
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FOX
I <3 Quail
Joined: 15 Nov 2004
Posts: 2074
Location: Saint Cloud, MN
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| Posted: Thu, 27 Jul 2006 11:49:23 Post Subject: |
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20 for me.... not too bad... i never worry about gas prices though to be honest if its 3 bux fine by me, if its 3.25, still not caring..... its only another 3.50 when i fill up and i fill about to times a month its only like another $80 a year
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LaTech
Ruthless TechTator
Joined: 15 Mar 2005
Posts: 532
Location: Missoula, MT
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Asylum
Joshzilla
Joined: 03 Feb 2005
Posts: 1142
Location: Suburbs of BFE
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| Posted: Thu, 27 Jul 2006 12:59:57 Post Subject: |
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| LaTech wrote: | | That explains a lot, doesn't it Asylum! |
A bigger picture:
Lets say Crude oil is $74 a barrel thats 42 gallons per barrel. It also cost the refineries about $5 per barrel to refine the crude oil, depending on efficiency and labor etc. So $79 a barrel for 42 gallons is $1.88 a gallon (depending on what they get out of it, gasoline, diesel, propane, etc.).
Add in taxes at about $0.45 a gallon (state and federal) plus the gas station has to make their $.05, and we're up to $2.38 a gallonShipping fees, its got to get from the refinery to the gas station, usually a truck, not sure of the cost.
The Crude Oil is where we are being gouged not at the pump. The taxes are high and the refineries are in it to make money but the $74 a barrel is what hurts.
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Little Bruin
Boo Boo
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knight0334
Rated XXX
Joined: 22 Aug 2003
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Location: Neither Here, Nor There
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| Posted: Thu, 27 Jul 2006 13:00:08 Post Subject: |
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| mrweasel wrote: | 23 in MD....ouch!
31....sucks to be in PA, eh Knight? |
Yeah.. but believe it or not, gas is still cheaper then many of the neighboring states with lower taxes. |
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BeerCheeze
*hick*
Joined: 14 Jun 2003
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Location: At the Bar
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Asylum
Joshzilla
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