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Small Cabin Forum / Off Topic / Gas Prices
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DaveBell
Member
# Posted: 22 Mar 2020 20:06
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Wow, $1.99 in Northern Virginia
How low can it go?

frankpaige
Member
# Posted: 22 Mar 2020 20:22
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$1.65, Westminster, CO

toyota_mdt_tech
Member
# Posted: 22 Mar 2020 20:32
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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.

ICC
Member
# Posted: 22 Mar 2020 20:51 - 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.

toyota_mdt_tech
Member
# Posted: 22 Mar 2020 23:12 - 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

Brettny
Member
# Posted: 23 Mar 2020 06:56
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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.

sparky30_06
Member
# Posted: 23 Mar 2020 07:47
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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

drb777
Member
# Posted: 23 Mar 2020 13:35
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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.

naturelover66
Member
# Posted: 23 Mar 2020 17:08
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1.85 a gallon in Detroit.

MtnDon
Member
# Posted: 23 Mar 2020 18:17
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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.

toyota_mdt_tech
Member
# Posted: 23 Mar 2020 21:49 - 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.

MtnDon
Member
# Posted: 23 Mar 2020 22:46
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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.

silverwaterlady
Member
# Posted: 24 Mar 2020 08:03
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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.

toyota_mdt_tech
Member
# Posted: 24 Mar 2020 08:51
Reply 


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.

Atlincabin
Member
# Posted: 24 Mar 2020 09:10
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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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