FamilyAs we paused on our 63-song tour of RockBand last night with Phil on the mike and my on guitar, he mentioned that he’d written a post on gas prices on The Irascible Chef. Fabulous, I thought, dead sexy. I just knew I would get all riled up and crabby reading about the royal bendover we’re getting at the pumps (that would be a great name for a rock band), so of course I can’t wait to share it with you, beloved reader.
So, help me out here, we will round off and use simple numbers and calculations to be able to do this in our heads.
The price of a barrel of Oil at its high was $147 which translated into $4.97 / gallon gasoline prices (what I paid for it.)
If the price of a barrel of oil goes go down in half, say to $75/barrel, then the price of gasoline should be cut in half—to say $2.50 a gallon. Makes sense.
And by that rationale if $75/barrel price goes go down in half again to $37.50 (which it did and then some) the price of gasoline should be cut in half again—to say $1.25 a gallon.
Well, that certainly didn’t happen, of course you have to consider that the state and government taxes add around $0.64 per gallon which includes federal excise taxes of $0.18 per gallon! Taxes are a pretty significant addition and is overlooked when we start looking at how much big oil is making…The government is taxing gasoline at almost 40% with gas prices of $2.27! Are you telling me that this is okay? And California is billions of dollars in the deficit hole! How many gallons of gasoline are sold in California in a day? How much tax revenue is collected in a day? Where is all that money going?
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02.09.09 at 12:40 PM |
That is a VERY good question!! Where IS all that money going?
Right into the gas companies pockets… that’s for sure. Those sons of bitches, donkey ball sucking, money poo flinging, mother - OH sorry… I was just about to get carried away.
*ahem* I digress
It’s upsetting and unfair and I hate how helpless I feel to change this.
02.09.09 at 02:24 PM |
You forgot to include the Government who I believe makes the most money from all this oil extortion.
What is the GOVERNMENT doing with the 40% tax on each and every gallon that is pumped in California let alone the taxes in other states—don’t forget they also tax the individual gas stations on their profits and they TAX BIG OIL companies on their profits!
Why do you think that this country can’t get off the oil drug? Because no one is smart enough to come up with a solution—we went to the moon and back for Christmas sake!
It’s because the GOVERNMENT relies too much on the euphoric high from all that tax revenue! That’s why they do nothing. At least Oil companies have costs associated with the business—the government might as well be legalized mafia extorting protection money!
Oil companies would do fine selling US OIL all over the globe, but that wouldn’t give the government their fix…
We are getting bent over the pump—there is no doubt in my mind—that’s Capitalism.
But we’re also getting bent over by the government—That’s a crime!
Sorry about that…
—irascibleChef
02.10.09 at 07:45 AM |
Jennifer, I just thought about something else. One way to change the helplessness about this situation is to tell others, tell your representatives, refuse to accept the same old as—there’s nothing we can do, etc.
As one voice no one can hear us, all our voices banded together cannot be ignored!