Two hidden players in the price of gasoline

George_10

As a group Americans are always complaining about the big oil companies. There are obvious reasons for these complaints. But there are two other vested interest in the gas prices. These are the Feds and the States with their tax on gasoline. Think about how much is collected monthly from this source and how little it takes to gather this money into the hoppers. How would they collect similar amounts from other energy sources as easily?

And we wonder why there is no big government push to make us independent from our use of oil and gas. As you can see, this does make for a very sticky situation. These substantial revenue sources would be compromised if and when we move away from the consumption of oil and gas.

Just another view about our current energy crisis.

Tony Conner_2

That's One Of...

... the things that ticked-off a lot of OPEC members not long ago - western governments were/are taking in more money in taxes on a barrel of oil than the producers of the actual commodity were, when they sold it.

Unknown

our gas prices are already way below everyone else's in the industrialized world. We complain a lot more than some others do for less reason.

whatever taxes are on gas now, will simply be transferred to any energy source used to run vehicles. You have to pay tax on biodiesel, if you're running a car with it, for example. It's a tax to support our roads and travel infrastructure, so no road vehicle will be exempt, and it's not like the taxes are there for some stupid reason. We have a lot of roads.

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jeff_51

one more comment

If you look at the total taxes on a gallon of gas at the pump, which includes wellhead, gas distrabution through pipelines, road taxes paid by trucks etc, half of the cost of a gallon of gas is tax

Steve_35

A 1 cent increase in the price of gas in the US amounts to about $1.5 billion a year.