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David K
Honored Nomad
Posts: 65278
Registered: 8-30-2002
Location: San Diego County
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Mood: Have Baja Fever
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Oh yah, I was wrong! Sorry... just checked and the government gets over 60 cents a gallon here in Calif., not 30 as I mentioned !!
From Wikipedia, the free encyclopedia
Jump to: navigation, search
The United States federal excise tax on gasoline, as of February 2011, is 18.4¢/gal and 24.4¢/gal for diesel fuel.
In January 2011, motor gasoline taxes averaged 48.1¢/gal and diesel fuel taxes averaged 53.1¢/gal,
[1] which accounted for 14% of the price of gasoline and 15% of the price of diesel.[2]
California 64.5 cents per gallon (incl. fed. tax)
^ a b Motor Fuel Taxes, American Petroleum Institute, 9 July 2009
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djh
Senior Nomad
Posts: 936
Registered: 1-2-2005
Location: Earth mostly. Loreto, N. ID, Big Island
Member Is Offline
Mood: Mellow fellow, plays a yellow cello...
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A Century of War
Authored by Engdahl, an ex military leader and scholar.
I'd like to suggest my fellow Nomads . . Find it. Buy it. Read it.
The well researched and presented history of trade, banking, and oil ( and how they have shaped our world and our politics ). . . And the resulting
wars fought over them.
I think you will learn many new things that will impact your views.
Not necessarily a better view, mind you, but perhaps more insightful and accurate....
Small book.... But I had to read it slowly to really consider and digest it.
Everything IS NOT what it may seem.....
Its all just stuff and some numbers.
A day spent sailing isn\'t deducted from one\'s life.
Peace, Love, and Music
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mtgoat666
Select Nomad
Posts: 19921
Registered: 9-16-2006
Location: San Diego
Member Is Offline
Mood: Hot n spicy
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| Quote: | Originally posted by David K
Oh yah, I was wrong! Sorry... just checked and the government gets over 60 cents a gallon here in Calif., not 30 as I mentioned !!
From Wikipedia, the free encyclopedia
Jump to: navigation, search
The United States federal excise tax on gasoline, as of February 2011, is 18.4¢/gal and 24.4¢/gal for diesel fuel.
In January 2011, motor gasoline taxes averaged 48.1¢/gal and diesel fuel taxes averaged 53.1¢/gal,
[1] which accounted for 14% of the price of gasoline and 15% of the price of diesel.[2]
California 64.5 cents per gallon (incl. fed. tax)
^ a b Motor Fuel Taxes, American Petroleum Institute, 9 July 2009 |
DK:
next time you drive south to mexico, as you drive down I-5, ask yourself how much does it ccost to build and maintain I-5, and which taxes should pay
for I-5. 
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Ateo
Elite Nomad
Posts: 5917
Registered: 7-18-2011
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I shall weigh in....as I work in the industry. Time to eat dinner......I would just say take the repub democrat thing out of the equation. Ths is
such a tired story.....been happening forever. This ain't an Obama thing.....
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joerover
Banned
Posts: 676
Registered: 2-3-2011
Location: earth
Member Is Offline
Mood: sleepy
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why not build a refinery in the North instead of a pipe line to the South?
the fat lady is breeding
which means
The fat ladys are breeding
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Ateo
Elite Nomad
Posts: 5917
Registered: 7-18-2011
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And after saying "I work I the industry" I realized just because I work in the industry doesn't give me any real credibility. Figure the truth out
for yourself.
Global economy.
Speculation equals some dudes making money. We pay the price. Has nothing to do with who's in the white house.
Gas station owners are getting hosed.
We have no power as consumers.
The future will be something other than oil, but I don't know what/when that is yet.....hopefully it'll be an American invention and that'll lead us
to an even greater prosperity.
Just my opinion.
[Edited on 2-25-2012 by ateo]
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djh
Senior Nomad
Posts: 936
Registered: 1-2-2005
Location: Earth mostly. Loreto, N. ID, Big Island
Member Is Offline
Mood: Mellow fellow, plays a yellow cello...
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An intro on pricing
http://www.engdahl.oilgeopolitics.net/Financial_Tsunami/Oil_...
A bit more on pricing....? This is a small appetizer... Go to the link for more of this particular review if you wish.....
PERHAPS 60% OF TODAY'S OIL
PRICE IS PURE SPECULATION
Engdahl, 2 May 2008
The price of crude oil today is not made according to any traditional relation of supply to demand. It’s controlled by an elaborate financial market
system as well as by the four major Anglo-American oil companies. As much as 60% of today’s crude oil price is pure speculation driven by large trader
banks and hedge funds. It has nothing to do with the convenient myths of Peak Oil. It has to do with control of oil and its price. How?
First, the role of the international oil exchanges in London and New York is crucial to the game. Nymex in New York and the ICE Futures in London
today control global benchmark oil prices which in turn set most of the freely traded oil cargo. They do so via oil futures contracts on two grades of
crude oil―West Texas Intermediate and North Sea Brent.
A third rather new oil exchange, the Dubai Mercantile Exchange (DME), trading Dubai crude, is more or less a daughter of Nymex, with Nymex President,
James Newsome, sitting on the board of DME and most key personnel British or American citizens.
Brent is used in spot and long-term contracts to value as much of crude oil produced in global oil markets each day. The Brent price is published by a
private oil industry publication, Platt’s. Major oil producers including Russia and Nigeria use Brent as a benchmark for pricing the crude they
produce. Brent is a key crude blend for the European market and, to some extent, for Asia.
WTI has historically been more of a US crude oil basket. Not only is it used as the basis for US-traded oil futures, but it's also a key benchmark for
US production.
’The tail that wags the dog’
All this is well and official. But how today’s oil prices are really determined is done by a process so opaque only a handful of major oil trading
banks such as Goldman Sachs or Morgan Stanley have any idea who is buying and who selling oil futures or derivative contracts that set physical oil
prices in this strange new world of “paper oil.” . . . .
Texthttp://www.engdahl.oilgeopolitics.net/Financial_Tsunami/Oil_Speculation/oil_speculation.HTM
Its all just stuff and some numbers.
A day spent sailing isn\'t deducted from one\'s life.
Peace, Love, and Music
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David K
Honored Nomad
Posts: 65278
Registered: 8-30-2002
Location: San Diego County
Member Is Offline
Mood: Have Baja Fever
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I was wrong again! LOL Oil companies don't make 10 cents a gallon... they make 7 cents!
See how much the government takes from you for every gallon vs. what the people who actually make the stuff get?
You want gas prices lowered? Blame BIG government, not BIG oil!!
The above graph from: http://mjperry.blogspot.com/2011/04/gasoline-taxes-per-gallo...
[Edited on 2-25-2012 by David K]
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David K
Honored Nomad
Posts: 65278
Registered: 8-30-2002
Location: San Diego County
Member Is Offline
Mood: Have Baja Fever
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Per Gallon... the profit vs. the sales price per gallon.
Profit for 2011 was less than 8 cents per gallon.
The above graph from http://www.forbes.com/sites/sageworks/2011/10/21/991/
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Bajaboy
Ultra Nomad
Posts: 4375
Registered: 10-9-2003
Location: Bahia Asuncion, BCS, Mexico
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Did you even read the article This graph is for privately held natural gas
and oil exploration producers. Last time I checked Exxon Mobil was publicly traded.
[Edited on 2-25-2012 by Bajaboy]
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soulpatch
Nomad
Posts: 404
Registered: 7-30-2005
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I don't believe the following takes into account the cost of bodies left strewn about the middle east protecting our oil supplies.
| Quote: | Originally posted by David K
I was wrong again! LOL Oil companies don't make 10 cents a gallon... they make 7 cents!
See how much the government takes from you for every gallon vs. what the people who actually make the stuff get?
You want gas prices lowered? Blame BIG government, not BIG oil!!
The above graph from: http://mjperry.blogspot.com/2011/04/gasoline-taxes-per-gallo...
[Edited on 2-25-2012 by David K] |
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wessongroup
Platinum Nomad
Posts: 21152
Registered: 8-9-2009
Location: Mission Viejo
Member Is Offline
Mood: Suicide Hot line ... please hold
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Spot on ..
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bigzaggin
Nomad
Posts: 441
Registered: 5-27-2004
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Mood: way too ites
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If that darn guy had never signed that one thing, those jerks would never have been able to fatten their pockets with that one thingy that put people
out of work and led to that bill that made gas so expensive.
I could go for Tecate. 
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mcfez
Elite Nomad
Posts: 8678
Registered: 12-2-2009
Location: aka BN yankeeirishman
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May I make you all feel better?
Americans often fret about the price of gasoline, which has surged dramatically in recent days, fueled by turmoil in oil-producing nations in the
Middle East and North Africa.
But the price of gas in America lags far behind its European counterparts. While Americans tear their hair out at the pump, Europeans watch them
enviously from across the Atlantic.
Most Europeans pay at least double what Americans do. Some of them, including the Greeks and the Scandinavians, shell out even more.
In the U.S., the nationwide average for the price of gas was $3.53 per gallon on Thursday, according to AAA. The price has risen for 16 consecutive
days, jumping 34 cents.
But that's still less than half the $9.28 per gallon paid in Oslo, according to Din Side, a Norwegian search and news site that monitors gas prices,
among other things.
Who's paying what: Most Europeans, including the British, the Irish, the Germans, the Italians and the French, pay somewhere between $7.50 and $8 per
gallon, according to the International Energy Administration.
Danes paid $8.20 per gallon at the end of February, according to the IEA. Greeks -- no strangers to economic hard times -- were paying $8.45.
Many people may assume that Europeans pay a lot for gas because they don't have their own source of fossil fuels. In fact, they do.
Norway is awash in oil because of its thriving oil industry in the North Atlantic. The United Kingdom also has access to the oil fields in the same
region.
Italy has deep corporate ties with Libya. Its oil production company, Eni, is the largest producer in Libya. But even in the best of times, without
civil war in Libya, gas in Italy is expensive when compared to the U.S. Italians on average paid $7.77 a gallon at the end of February, according to
the most recent data from the IEA.
"The difference between countries comes down to taxes and subsidies," said Tom Kloza, the chief oil analyst for Oil Price Information Service. "Prices
are incredibly high in Europe because of the stiff taxes that EU countries put on fuel. The same holds true for many other countries."
The Japanese also pay more -- $6.30 at the end of February -- and so do the Canadians, at $4.49 per gallon, according to the IEA.
Old people are like the old cars, made of some tough stuff. May show a little rust, but good as gold on the inside.
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captkw
Ultra Nomad
Posts: 3850
Registered: 10-19-2010
Location: el charro b.c.s.
Member Is Offline
Mood: new dog/missing the old 1
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GAS
THIS is the sh-t hitten the fan !!!! K&T
[Edited on 2-25-2012 by captkw]
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dtutko1
Nomad
Posts: 341
Registered: 8-26-2009
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| Quote: | Originally posted by MitchMan
There you go again. You guys never, I mean, never back up what you say. You consider providing back up as a "waste of time"? Come on, you have
posted 6,407 posts, you've proven that you have plenty of time on your hands.
Posting 6,407 with only accusations and no proof, no supporting facts, just assertions and opinions is not a waste of time? Wasting time is making
'drive by' accusations and then asking everyone to take your word for it. Wasting time is doing that 6,407 times.
| Quote: | | "You're entitled to your own opinion, but you're not entitled to your own facts." |
Cypress, you're not
making sense again. Facts don't belong to anyone. Facts are items of reality and, as such, are not subject to being someone's creation or subject to
ownership, let alone by one person. Everybody has the right to the facts.
Now, opinions can be owned, but with opinions comes some intellectual responsibility. How can you expect to have any integrity and credibility if you
refuse to support your contentions, your accusations?
If you want to stop wasting your time and everyone else's, try making a coherent point, standing your ground with fact instead of more accusation like
you did in your last post hereto.
BTW, Obama doesn't look desperate but Romney, Gingrich, Santorum, and Paul sure do.
[Edited on 2-24-2012 by MitchMan] |
Right on MitchMan! But these wingnut Fox network conspiratorial idiots will never listen to logic or look up the facts.
Dorado Don
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Cypress
Elite Nomad
Posts: 7641
Registered: 3-12-2006
Location: on the bayou
Member Is Offline
Mood: undecided
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Name calling really advances your argument. As they say, " You just can't fix
stupid." Why does Fox news have the highest ratings? They deal with facts, not propaganda.
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soulpatch
Nomad
Posts: 404
Registered: 7-30-2005
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As an aside...
Senor McFez, I thought yesterday was to be your last post on BN.
Anyway.... $60 at the pump yesterday.... yeah!
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The Gull
Super Nomad
Posts: 2223
Registered: 8-28-2003
Location: Rancho Descanso, BCN
Member Is Offline
Mood: High
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| Quote: | Originally posted by greengoes
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�I won\'t insult your intelligence by suggesting that you really believe what you just said.� William F. Buckley, Jr.
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Bajatripper
Ultra Nomad
Posts: 3151
Registered: 3-20-2010
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| Quote: | Originally posted by Cypress
Why does Fox news have the highest ratings? They deal with facts, not propaganda. |
On what planet do you live?
There most certainly is but one side to every story: the TRUTH. Variations of it are nothing but lies.
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