EnclaveForum.net: Buick Enclave Online Community banner

1 - 16 of 16 Posts

·
Registered
Joined
·
10,405 Posts
Discussion Starter #1
Copied/pasted from the "gas prices" thread on the main board.

Quote from: Linda on Yesterday at 04:47:40 PM
Sad to think when Obama took office gas was 1.89 a gallon...We thought that was horrible? Now look where we are Angry
(my response)
Political statements should remain in the political area of the board.
http://www.nytimes.com/2012/04/01/business/gas-prices-are-out-of-any-presidents-control.html?_r=0



So now about those gas prices...yep prices out of any presidents control. Just in case others stop over.

http://www.time.com/time/health/article/0,8599,2109474,00.html

This you can do an eight year comparison of gas prices as well as crude oil prices within the same graph.

http://gasbuddy.com/gb_retail_price_chart.aspx
 

·
Registered
Joined
·
10,405 Posts
Discussion Starter #2
Here you go....updated.

Aside from the oil and energy crises of the 1970s that led to huge gas price increases under both Republicans and Democrats, gas prices have only recently begun to swing rapidly.

Obama doubled the MPG requirements for new cars for the coming decades as his signature energy policy -- going much farther than Bush -- while investing tens of billions of dollars into solar, wind and other renewable energy. Bush, on the other hand, was a much stronger supporter for drilling for oil in new areas.

Analysts say anything from conflicts in the Middle East to emergencies like the recent refinery fire in Richmond can spike oil costs, though employment totals are the largest factor driving demand and thus prices.

Gas prices nearly doubled in two years during the dot-com boom -- under Democrat Bill Clinton and at the beginning of Bush's first term -- and then fell when the bubble burst. They began rising again as the economy bounced back in 2003 and continued until the recession hit in 2008.

"The bottom line is, there are these huge global forces that are the primary driver of the price of gasoline," said Bledsoe, "and they are forces that the president under normal circumstances has very little control over."


http://www.mercurynews.com/politics-government/ci_21545019/trick-question-who-had-higher-gas-prices-obama
 

·
Registered
Joined
·
10,405 Posts
Discussion Starter #3

·
Registered
Joined
·
10,405 Posts
Discussion Starter #4

·
Registered
Joined
·
10,405 Posts
Discussion Starter #5

·
Registered
Joined
·
10,405 Posts
Discussion Starter #6
Greed.....on the part of oil companies pays a HUGE part in the ups and downs at the gas pump.
 

·
Registered
Joined
·
10,405 Posts
Discussion Starter #7

·
Registered
Joined
·
10,405 Posts
Discussion Starter #9
How about what are the taxes charged per gallon. That would be what the federal/state receives. Then within each state you would have county taxes added to that mix.

ALSO within the link you can go into each state/county/local....for a chart of state and local revenues generated by fuel taxes

What is the United States national gas tax rate?
The United States federal excise tax on gasoline is 18.4 cents per gallon (cpg) and 24.4 cents per gallon (cpg) for diesel fuel. On average, as of April 2012, state and local taxes add 31.1 cents to gasoline and 30.2 cents to diesel for a total US average fuel tax of 49.5 cents (cpg) per gallon for gas and 54.6 cents per gallon (cpg) for diesel.

What are the specific taxes for each state?
Some states charge an excise tax while other states have a flat tax. The below table displays state taxes plus fees, plus the 18.4 cents-per-gallon (cpg) federal excise tax. Additionally, some local counties may additionally charge an excise tax on gas, which is not reflected in this table. Please consult your specific local government for more information.


http://www.gaspricewatch.com/web_gas_taxes.php
 

·
Registered
Joined
·
10,405 Posts
Discussion Starter #10
Then one should also ask...how much of the federal fuel tax collected actually goes towards highway/bridge repair/construction.

The gas tax is obsolete. Pegged at 18.4 cents a gallon since 1993, it no longer raises enough money to pay for federal infrastructure spending. And that’s always been the main job of the gas tax: paying for roads and bridges.

Beginning in 1957, gas tax revenues were funneled directly into the federal Highway Trust Fund. Over the years, lawmakers raised the tax numerous times, ensuring that the trust fund would have enough money to pay for necessary projects.

But the last increase came in 1993, and since then the levy has remained stagnant. Construction costs, on the other hand, have continued to rise with inflation. And to make matters worse, improvements in vehicle fuel efficiency have allowed consumers to drive more miles on less gas – which is great for the wallet but not so great for road funding.


http://www.forbes.com/sites/taxanalysts/2013/10/24/the-gas-tax-doesnt-work-because-politicians-broke-it/
 

·
Registered
Joined
·
10,405 Posts
Discussion Starter #11
;D So who is at fault for the gas prices suddenly going down? Snickering....well....some were casting blame when it was going up. Only right those who were blaming then should be congratulating now. :happy: ;)
 

·
Super Moderator
Joined
·
21,164 Posts
Sailfish said:
;D So who is at fault for the gas prices suddenly going down? Snickering....well....some were casting blame when it was going up. Only right those who were blaming then should be congratulating now. :happy: ;)
It must be those gosh darn politicians who are responsible for these lower prices! ;D
 

·
Registered
Joined
·
10,405 Posts
Discussion Starter #13
:happy: :happy: ;)
 

·
Registered
Joined
·
265 Posts
the latest round of price cuts is due to the saudi's. reportedly saudi arabia works on about $80 per barrel to break even but with the large amount of currency reserves and AAA+ credit they can withstand a deficit for much longer than most. in particular iran and russia which are saudi's oil rival, are hurting the most by the price cut.
 

·
Registered
Joined
·
10,405 Posts
Discussion Starter #15
mifd118 said:
the latest round of price cuts is due to the saudi's. reportedly saudi arabia works on about $80 per barrel to break even but with the large amount of currency reserves and AAA+ credit they can withstand a deficit for much longer than most. in particular iran and russia which are saudi's oil rival, are hurting the most by the price cut.
True!
 

·
Super Moderator
Joined
·
21,164 Posts
This has been essentially the overriding explanation for several weeks now. It makes perfect sense to me.
 
1 - 16 of 16 Posts
About this Discussion
15 Replies
4 Participants
GoldEnclave
EnclaveForum.net: Buick Enclave Online Community
We’re a forum community dedicated to Buick Enclave SUV owners & enthusiasts. Come join the discussion about upgrades, towing capacity, reliability, and more!
Full Forum Listing
Top