BajaNomad - BCS Fuel Prices - Jan 2016

It was a joke Udo.

In Mexico — as well as Spain and other Latin American countries — December 28 is the equivalent of April Fool's Dayin the US. Although it may seem irreverent, jokes of all kinds are played on the innocents. Fortunately, the jokes are well taken.

Among the traditions, this poem is recited after someone has been fooled:

Inocente palomita,
Que te dejaste engañar,
Sabiendo que en este día
Nada se debe prestar.

Innocent little dove,
You let yourself be fooled,
Knowing that on this day
Nothing should be lent.

People make the most outlandish statements. They tell others shocking news like they're going to be parents, or they're getting married to someone else's sweetheart. In this electronic world, Facebook postings are a way of fooling friends at home and farther afield. For example, my brother posted that he'd won a scholarship and would be spending the next three years away at school. It wasn't true, but all day long he received e-mails of congratulations and encouragement, much to his perverse delight.

Udo - 1-19-2016 at 05:19 PM

Thanks, Bob!

For next time I will know about December 28th's fools day.

Bajahowodd - 1-19-2016 at 05:41 PM

A friend of mine just told me that his daughter living in East Texas just filled her tank for 75 cents a gallon. Gas is under $1 a gallon all over the US except for California where the few refiners just keep screwing the people at almost $3 a gallon by withholding refinery capacity.

David K - 1-19-2016 at 05:47 PM

You forgot about the government grab (tax) and the environmentalist demands (special Ca only blends) that are the true cause for higher California prices.

Udo - 1-19-2016 at 05:59 PM

I could be wrong, but aren't California taxes now almost .50 cents per gallon, including sales tax?

I tell who is getting screwed, and they can least afford it...the Mexican locals.

David K - 1-19-2016 at 06:01 PM

Quote: Originally posted by Udo

I could be wrong, but aren't California taxes now almost .50 cents per gallon, including sales tax?

I tell who is getting screwed, and they can least afford it...the Mexican locals.

Yes, government makes more on a gallon of gas than do the people who actually take the risks and create the product, and those vendors who sell it!!

rts551 - 1-19-2016 at 06:12 PM

Petroleum tax revenues make up more than 50% of all government revenues in Mexico. Its how they are paying for infrastructure improvements...

I suppose they could do away with that and start charging income, property taxes etc...How would the poor people fare then?

California has the one of the highest gas taxes in the US and more roads than anywhere in the USA....In Arizona we have lower gas taxes....and boy do we have lower quality roads.

Nothing is free, although some people seem to think so.

RnR - 1-20-2016 at 07:15 AM

Total Gasoline Taxes/gallon, by state, in the US -

OUCH !!

Total Gasoline Taxes/gallon

.

[Edited on 1-20-2016 by RnR]

ncampion - 1-20-2016 at 07:51 AM

Petroleum tax revenues make up more than 50% of all government revenues in Mexico. Its how they are paying for infrastructure improvements...

I suppose they could do away with that and start charging income, property taxes etc...How would the poor people fare then?

California has the one of the highest gas taxes in the US and more roads than anywhere in the USA....In Arizona we have lower gas taxes....and boy do we have lower quality roads.

Nothing is free, although some people seem to think so.

The Mexican federal government gets most of its income from the sale of gasoline and electricity. Their income from income tax is very low, partly because the economy is heavily "cash" based and difficult to tax. The fact that they heavily tax the things that the poorer people must use is not very just at all. There is no "graduation" of taxes for rich vs poor, they all pay the same for energy. On top of that, the roads here suck!

chippy - 1-20-2016 at 08:17 AM

Quote: Originally posted by Bajahowodd

A friend of mine just told me that his daughter living in East Texas just filled her tank for 75 cents a gallon. Gas is under $1 a gallon all over the US

This is not true any where in Texas or other states.

rts551 - 1-20-2016 at 08:21 AM

Quote: Originally posted by ncampion

Then what do you propose? I have seen a tremendous improvement in roads over the last 20 years...no no the freeways of Kalifornia...but is that is what you want....

jbcoug - 1-20-2016 at 08:44 AM

Thanks for the chart RnR. I had no idea we had the highest gas tax in WA. It's bad news when you are higher than CA.

SFandH - 1-20-2016 at 09:03 AM

I for one am not happy about the large fluctuations in oil and gas prices. I think we'd all be better off if prices stabilized and held relatively constant year over year. That way successful economic planning can be achieved. Plus the downside of low gas prices is the slowdown they'll cause in the development of more fuel efficient, alternative transportation technologies.

The low prices for a barrel of oil are hurting the huge American oil industry and the 100s of thousands of Americans that work in the industry. Houston real estate is plummeting now. Plus oil exporting countries that largely depend upon oil for income such as Russia, Iran, Venezuela, Mexico, Nigeria, etc. are hurting.

On the bright side the environmentally awful mining of Canadian oil sludge in Alberta is very uneconomical at these prices.

I wonder why the oil cartel is colluding to keep the supply so high. Is it an attempt to drive out producers whose costs are high? Is it to punish Russia for the invasion of Crimea and the Ukraine? Is it to pressure Iran for some reason.

In 2014 oil was $110 per barrel, now it's under $30.

Who's pulling the strings and why?

durrelllrobert - 1-20-2016 at 09:16 AM

Total Gasoline Taxes/gallon, by state, in the US -

OUCH !!

Total Gasoline Taxes/gallon

.

[Edited on 1-20-2016 by RnR]

Just a coincedence? Alaska has the lowest gas tax at $0.3065 and it's a Rebublican controled stae. The 4 states with the highest gas tax are all Democrate controlled states:
Pennsylvania @$0.688, Washington @ $0.629, Hawaii @ $0.6075 and California @ $0.5902.

Udo - 1-20-2016 at 09:20 AM

New York, California and Washington state have the highest gas taxes.

Quote: Originally posted by ncampion

rts551 - 1-20-2016 at 09:34 AM

Total Gasoline Taxes/gallon, by state, in the US -

OUCH !!

Total Gasoline Taxes/gallon

.

[Edited on 1-20-2016 by RnR]

Alaska? that is because they imposed a tax rate of 35%
on the production of oil.
http://www.tax.alaska.gov/programs/programs/index.aspx?60650

durrelllrobert - 1-20-2016 at 09:53 AM

Total Gasoline Taxes/gallon, by state, in the US -

OUCH !!

Total Gasoline Taxes/gallon

.

[Edited on 1-20-2016 by RnR]

Alaska? that is because they imposed a tax rate of 35%
on the production of oil.
http://www.tax.alaska.gov/programs/programs/index.aspx?60650

Under AS 43.55.201, the State collects a 1 cent per barrel conservation surcharge on taxable oil produced if there is less than $50 million in the Hazardous Release Fund. The State also collects an additional 4 cents per barrel conservation surcharge under AS 43.55.300.

SFandH - 1-20-2016 at 09:59 AM

To make a meaningful analysis of this type you need to look at all the taxes collected, income taxes, property taxes, sales taxes, fees etc. You would also need to look at the costs involved for each state and how big their budget surpluses/deficits are. You are really over simplifying things.

durrelllrobert - 1-20-2016 at 10:02 AM

Quote: Originally posted by SFandH

Simple is as Simple does. Thread was only about gas prices.

rts551 - 1-20-2016 at 10:15 AM

Total Gasoline Taxes/gallon, by state, in the US -

OUCH !!

Total Gasoline Taxes/gallon

.

[Edited on 1-20-2016 by RnR]

Alaska? that is because they imposed a tax rate of 35%
on the production of oil.
http://www.tax.alaska.gov/programs/programs/index.aspx?60650

Those are in addition to the 35%. Read and quote the whole thing....not just selectively.

"The State of Alaska imposes a production tax, under AS 43.55, on oil and gas produced in the state. The current tax rate of 35% was set in 2013 by Senate Bill 21 (commonly known as the More Alaska Production Act or “MAPA”). The tax is based on the net value of oil and gas, which is the value at the point of production, less all qualified lease expenditures. Qualified lease expenditures include certain qualified capital and operating expenditures. "

Bajahowodd - 1-22-2016 at 05:41 PM