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DaveBell
Moderator
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# Posted: 22 Mar 2020 08:06pm
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Wow, $1.99 in Northern Virginia
How low can it go?
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frankpaige
Member
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# Posted: 22 Mar 2020 08:22pm
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$1.65, Westminster, CO
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toyota_mdt_tech
Member
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# Posted: 22 Mar 2020 08:32pm
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Be warned, politicians are more likely to increase gas taxes when its in this range. They figure you wont notice it and then as it comes back up to stable market prices, it will be more. Its easy for them to get away with it and when it does come back up higher after its over, they don't look like the guilty party.
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ICC
Member
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# Posted: 22 Mar 2020 08:51pm - Edited by: ICC
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The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. The federal tax was last raised in 1993 and is not indexed to inflation, which increased by a total of 79 percent from 1993 until 2020. Going by that the gas tax should really now be 32.9 cents a gallon and the diesel tax should now be 43.7 cents a gallon.
It would appear to me we need an increase just to stay even. 1.99 here according to a search. Tesla doesn't need gas, just sunshine on my solar. And yes , the state probably should tax EV's as we do still use the roads.
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toyota_mdt_tech
Member
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# Posted: 22 Mar 2020 11:12pm - Edited by: toyota_mdt_tech
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Quoting: ICC t would appear to me we need an increase just to stay even. 1.99 here according to a search. Tesla doesn't need gas, just sunshine on my solar. And yes , the state probably should tax EV's as we do still use the roads.
A little virtue signaling there. Look more at state taxes, not federal. My states taxes are 45 cents and for your Tesla down here, I am charged an additional $75 for your charging stations every year on my hybrid Toyota RAV4 which does NOT use a plug in at all. My new hybrid is now the most spendy rig I have to license, more than my 8,100lb RAM 2500.
Tesla's Main Product Isn't Cars, It's SubsidiesURL I think you could send in your $7,500 rebate from the govt for buying the Tesla if you think you are not pulling your weight.
My state is pushing a low carbon fuel standard shooting for up to 50 cents more.
Oil companies make 7 cents a gallon, gas stations make 3 cents a gallon. They do all the exploration, drilling, refining, delivery to market and retail it.
Tesla is one of the biggest welfare leech companies out there
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Brettny
Member
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# Posted: 23 Mar 2020 06:56am
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I'm still seeing 2.29-2.59 here but I have noticed it dropping so much I'm putting off filling my tanks.
Maybe this is a good year to get that second home heating oil tank.
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sparky30_06
Member
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# Posted: 23 Mar 2020 07:47am
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Oil prices continue to drop hundreds of thousands of people are loosing their jobs because of it. I'd be happy to pay an extra dollar at the pump to keep the oil field going. $75 a barrel and lots of people will be working and putting more money back into the economy.
Oh and why am i still getting hit with fuel surcharges on my shipments? Oh that's right once these surcharges & taxes get added they conveniently get forgot about and don't get taken off
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drb777
Member
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# Posted: 23 Mar 2020 01:35pm
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$1.05-$1.07 at the club stores (Costco & Sam's), $1.21
at other stations, here in central Oklahoma.
Around here, many are like me. I can afford $2.00 gas, but can't when it's in the $1.25 range. Lots of folks will be w/o a job if it stays like this.
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naturelover66
Member
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# Posted: 23 Mar 2020 05:08pm
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1.85 a gallon in Detroit.
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MtnDon
Member
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# Posted: 23 Mar 2020 06:17pm
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Quoting: ICC The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. The federal tax was last raised in 1993 and is not indexed to inflation, which increased by a total of 79 percent from 1993 until 2020. Going by that the gas tax should really now be 32.9 cents a gallon and the diesel tax should now be 43.7 cents a gallon.
That is all true.
ICC, you made an error when your post mentioned the Tesla and EV's That opened the door to digression to whether or not EV's should receive subsidies or tax credits as well as whether or not they should have to pay use fees. That is a total different question.
toyota_mdt_tech mentioned gas tax and you rightly (IMO) illustrated that the tax amount buys less today than in 1993, so effectively the gas tax has decreased. I believe that is a problem and the tax should be adjusted to account for inflation. Probably should be indexed to the CPI or reset every 5 years.
Ev's, hybrids are a separate issue.
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toyota_mdt_tech
Member
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# Posted: 23 Mar 2020 09:49pm - Edited by: toyota_mdt_tech
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Quoting: MtnDon he tax amount buys less today than in 1993, so effectively the gas tax has decreased
So has the profits from the producers went up or down to get to the 7 cents per gallon?
How many more cars on the road now compared to 93? When does the govt have enough money? I think on your tax form, you can send in extra, how much extra do you kick in? Asking for a friend.
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MtnDon
Member
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# Posted: 23 Mar 2020 10:46pm
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Quoting: toyota_mdt_tech So has the profits from the producers went up or down to get to the 7 cents per gallon?
Immaterial. The question id federal gas/diesel fuel tax. Oil company profits is another matter, as is the amount of tax they pay on income.
Quoting: toyota_mdt_tech How many more cars on the road now compared to 93?
Immaterial. More, of course. More cars = more wear on the roads = more $ required for maintenance or new roads. Or, another way to look at it, if the number of cars had not increased, then many places would not have needed new wider, higher volume roads and bridges.
I never said I wanted to pay more tax, you incorrectly decided that was what I meant. I do believe that there should be some logic to taxes and it does not seem logical not to index something like the motor fuel tax to inflation or the CPI when some other things like S/S benefits are indexed or adjusted to compensate for the CPI. And please do not go off on a S/S benefits tangent as I only reluctantly used that as an example of something that is indexed or adjusted to the CPI.
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silverwaterlady
Member
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# Posted: 24 Mar 2020 08:03am
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We buy our fuel at Costco and get 3% cash back using their credit card.
Last time we got fuel was on March 13. Paid $1.74 before the 3%.
Stay in place order here, so that fuel is going to last awhile.
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toyota_mdt_tech
Member
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# Posted: 24 Mar 2020 08:51am
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Quoting: MtnDon More, of course. More cars = more wear on the roads = more $ required for maintenance or new roads.
Immaterial, more cars automatically mean more revenue.
Same applies when an area grows with new homes, then they claim they need to increase property taxes. Its done when new homes are built, this brings in more revenue.
If you just give govt more money, they will always spend 100% of it. It has a voracious appetite.
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Atlincabin
Member
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# Posted: 24 Mar 2020 09:10am
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I, for one, would appreciate keeping the politics to a minimum on this forum. I don't know of anyone who has changed their mind because of a forum discussion.
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Aklogcabin
Member
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# Posted: 28 Oct 2020 10:34am
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The price we pay for gas 2.34 here. Is directly proportional to the profits made . And how much a company can reinvest into exploring for a finite resource. That the government usually owns. Mineral rights. They receive a base price , royalty share when it is developed, corporate state and federal taxes sales tax . Every person working in the processing chain pays the government taxes.
Oh yeah, it has to be profitable enough for a business to make a profit. Or else nothing happens.
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NorthRick
Member
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# Posted: 28 Oct 2020 02:39pm
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volantemie's post is spam.
How many people on this forum could function without a car/truck?
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toyota_mdt_tech
Member
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# Posted: 28 Oct 2020 08:43pm
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Quoting: NorthRick How many people on this forum could function without a car/truck?
Not me, nor will I be limited to just public transportation, would not suit my lifestyle. We have always had 4 vehicles, two are hybrids. One is a large diesel truck and my gas commuter car at 38 MPG's.
Fuel is at a good reasonable price now, its based on market value vs turmoil in the middle east. I hear we just became a net exporter of oil and natural gas. A hiccup in the middle east would shoot prices up to $4.50, not any more. Its nice.
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Aklogcabin
Member
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# Posted: 29 Oct 2020 12:33pm
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Although folks have lots of options for vehicles and what powers them. I prefer my 79 ElCamino and 76 F-250 with lots of gas eating power.
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