Fuel

[Bob]

The Feds could offer substantial tax credits on, say, +35 mpg vehicles to reward responsible consumption. Hybrids are not the answer. Buying more expensive cars with two powertrains in order to save a few mpgs does not make sense. Instead, a policy of higher taxes for gas guzzlers and tax credits for efficient vehicles would make a huge impact now.

 

[SlowMovin]

The tax on gasoline goes toward the upkeep and the building of new roads, at least that is what they tell us in Kentucky.:scratch: BTW, how do you feel about nuclear power?

There are federal, state and local taxes on gasoline. Do they all go to building/upkeep of new roads?

 

[Excalibur]

Exxon Mobil profit rises on soaring prices

Thu Apr 27, 2006 8:42am ET

NEW YORK (Reuters) - Exxon Mobil Corp., the world's largest publicly traded oil company, on Thursday reported quarterly profit surged, driven by rising oil prices.

Net income in the first quarter was $8.4 billion, or $1.37 a share, up from $7.86 billion, or $1.22 a share, a year earlier.

Revenue jumped to $88.98 billion from $82.05 billion.

Crude oil prices have risen steadily from about $20 a barrel in 2002 to over $75 last week, handing oil and gas companies a long-running profit bonanza.

But the fat profits have also angered U.S. drivers grappling with rising gasoline prices and provoked sharp criticism of Big Oil from lawmakers and consumer advocates.

 

[John R]

The tax on gasoline goes toward the upkeep and the building of new roads, at least that is what they tell us in Kentucky.:scratch: BTW, how do you feel about nuclear power?

tax from fuel indeed goes to roads, i've got no problem with that, the Dwight D. Eisenhower National System of Interstate and Defense Highways is in terrible shape as a whole. it's the base price of oil that's the problem.

there really is no place for nuclear 'as we know it' in our future. where will the waste end up? who will be responsible for it? the govt? sooner of later, they will take the funds needed for guarding it, since it will be considered too much of a debit. possibly turning storage and security over to the private sector. remember the 60 minutes piece of them walking right into 'secure' chemical plants, and doing what they pleased. http://www.cbsnews.com/stories/2003/11/13/60minutes/main583528.shtml if we can't protect nuclear, we shouldn't be considering more. check this; http://www.treehugger.com/files/2006/04/gorbachev_sound.php

 

[dbuck]

There are federal, state and local taxes on gasoline. Do they all go to building/upkeep of new roads?

No.
I heard on tv this morning that in Venezuel gas is 12 cents a gallon. Why is that? They did go on to say that the average weekly income is $30, but is that relevant to the price of gasoline?

 

[TooFarTampa]

No.
I heard on tv this morning that in Venezuel gas is 12 cents a gallon. Why is that? They did go on to say that the average weekly income is $30, but is that relevant to the price of gasoline?

From Money Magazine online, 2004:

"The main driver of price disparities between countries is government policy, according to AirInc, a company that tracks the cost of living in various places around the world. Many European nations tax gasoline heavily, with taxes making up as much as 75 percent of the cost of a gallon of gasoline, said a spokesperson for AirInc.

"In Venezuela, on the other hand, oil is produced by a government-owned company and local gasoline prices are kept low as a benefit to the nation's citizens, he said."

 

[Excalibur]

No.
I heard on tv this morning that in Venezuel gas is 12 cents a gallon. Why is that? They did go on to say that the average weekly income is $30, but is that relevant to the price of gasoline?

The Government of Venezuela owns CITGO, which supplies our gasoline here at Tom Thumbs. Venezuela gives their citizens gasoline subsidized at "cost" to help their poor, presumably.

Hydrogen is the way to go. Long term storage of hydrogen is the issue, as well as being able to get enough PSI in a tank to increase its mileage range for use in vehicles. :roll:

 

[John R]

The Government of Venezuela owns CITGO, which supplies our gasoline here at Tom Thumbs. Venezuela gives their citizens gasoline subsidized at "cost" to help their poor, presumably.

Hydrogen is the way to go. Long term storage of hydrogen is the issue, as well as being able to get enough PSI in a tank to increase its mileage range for use in vehicles. :roll:

i believe the weight to range ratio is a factor too, as well as onboard capacity.

 

[SHELLY]

WASHINGTON (CNN) -- Every American taxpayer would get a $100 rebate check to offset the pain of higher pump prices for gasoline, under an amendment Senate Republicans hope to bring to a vote Thursday.

So the market price has been established for my vote....and the oil company still gets to reap in big profits--yep, sounds as if it's business as usual.

 

[John]

It took 9-years following the 1970's oil embargo for gas to reach $1 per gallon. It took 25 more years for gas to reach $2. From there, it took less than 12-months for it to top $3.

Exxon/Mobil recently reported the largest corporate profits in history.

Is this a great place or what?