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Here Comes The Gas Gouge!

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  • Here Comes The Gas Gouge!

    Drone strike on Saudi oil fields...the perfect excuse for another round of gas price hikes. And I'll bet all that "excess capacity" just magically disappears.

    https://www.cnn.com/2019/09/14/busin...ack/index.html
    Quis Custodiet Ipsos Custodes? Who is watching the watchers?

  • #2
    I think the US will be better off than the Far East and Europe.

    Pruitt
    Pruitt, you are truly an expert! Kelt06

    Have you been struck by the jawbone of an ASS lately?

    by Khepesh "This is the logic of Pruitt"

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    • #3
      Doesn't matter. We can always claim that something is worse "somewhere else".

      My concern is with America, where I live and have to pay for things on a fixed income, and where price gouging by oil companies is constant.
      Quis Custodiet Ipsos Custodes? Who is watching the watchers?

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      • #4
        We don't import much oil from SA nowadays.
        If Canada's refineries ever get attacked, then I'd be worried.

        https://www.eia.gov/tools/faqs/faq.php?id=727&t=6


        That said, it won't stop them from using it as an excuse to raise prices.
        "Stand for the flag ~ Kneel for the fallen"

        "A wise man can learn more from a foolish question than a fool can learn from a wise answer." ~ Bruce Lee

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        • #5
          Originally posted by Persephone View Post
          We don't import much oil from SA nowadays.
          If Canada's refineries ever get attacked, then I'd be worried.

          https://www.eia.gov/tools/faqs/faq.php?id=727&t=6


          That said, it won't stop them from using it as an excuse to raise prices.
          Exactly. Besides, according to the oil industry, we have a "surplus capacity", but you may safely bet that prices will go up.
          Quis Custodiet Ipsos Custodes? Who is watching the watchers?

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          • #6
            Originally posted by Mountain Man View Post

            Exactly. Besides, according to the oil industry, we have a "surplus capacity", but you may safely bet that prices will go up.
            No doubt. Here in looney CA, we also deal with the seasonal 'winter' and 'summer' blend price increases.
            "Stand for the flag ~ Kneel for the fallen"

            "A wise man can learn more from a foolish question than a fool can learn from a wise answer." ~ Bruce Lee

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            • #7
              Originally posted by Mountain Man View Post

              My concern is with America, where I live and have to pay for things on a fixed income, and where price gouging by oil companies is constant.
              Wait, you're against oil mega corporations yet vote republican? You're doing it wrong.

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              • #8
                Originally posted by Mountain Man View Post
                Doesn't matter. We can always claim that something is worse "somewhere else".

                My concern is with America, where I live and have to pay for things on a fixed income, and where price gouging by oil companies is constant.
                The biggest price gouger on gasoline is government. They tax gasoline pretty heavily. In some states, like California, this tax is punitive. That is, they are using a high tax to try and get you to use less.

                There's also an 18.4 cent a gallon federal tax on gasoline as well.



                If you live in California what are you getting for that $.61 a gallon tax on your gasoline? I California you are paying about $3.62 a gallon right now for about a 17% tax on that fuel.

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                • #9
                  Notice the states with the highest gas prices are the ones against off-shore drilling...
                  "Stand for the flag ~ Kneel for the fallen"

                  "A wise man can learn more from a foolish question than a fool can learn from a wise answer." ~ Bruce Lee

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                  • #10
                    Originally posted by Persephone View Post
                    Notice the states with the highest gas prices are the ones against off-shore drilling...
                    And generally those with Democrats, Progressives, and Leftists running them...

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                    • #11
                      Originally posted by T. A. Gardner View Post

                      The biggest price gouger on gasoline is government. They tax gasoline pretty heavily. In some states, like California, this tax is punitive. That is, they are using a high tax to try and get you to use less.

                      There's also an 18.4 cent a gallon federal tax on gasoline as well.



                      If you live in California what are you getting for that $.61 a gallon tax on your gasoline? I California you are paying about $3.62 a gallon right now for about a 17% tax on that fuel.
                      Even worse was that we managed to get a repeal of this gas tax onto the ballot and then failed to kill it at the polls. Once the spin machine gets going in this state (it became an "infrastructure" and "safety" issue), most of our voters just roll over.

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                      • #12
                        Originally posted by jdkeyes1 View Post

                        Even worse was that we managed to get a repeal of this gas tax onto the ballot and then failed to kill it at the polls. Once the spin machine gets going in this state (it became an "infrastructure" and "safety" issue), most of our voters just roll over.
                        Except, in California that's a lie. Thirty-eight cents of that sixty-one cents is a sales tax, or more correctly an "excise" tax that goes into the state's general fund.
                        There's also a five cent "additional tax" that does something or whatever...

                        The base tax designated for transportation in California is .18 cents a gallon.

                        The rest of the .61 cents is various added on taxes that go to the general fund but could be used for transportation. But they don't have to be.

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                        • #13
                          Originally posted by T. A. Gardner View Post

                          Except, in California that's a lie. Thirty-eight cents of that sixty-one cents is a sales tax, or more correctly an "excise" tax that goes into the state's general fund.
                          There's also a five cent "additional tax" that does something or whatever...

                          The base tax designated for transportation in California is .18 cents a gallon.

                          The rest of the .61 cents is various added on taxes that go to the general fund but could be used for transportation. But they don't have to be.
                          Of course it's a lie. It was both a general fund money grab and a misquided punitive measure to discourage car use. Yet CA voters continue to allow it to happen, repeatedly voting against our own best interests. And for all the talk of taxing the rich, etc., this one (like so many) disproportionately hits the lower classes, who frequently can't afford to live where they work, have longer commutes, and have few viable mass transit options.

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                          • #14
                            Originally posted by inevtiab1e View Post
                            Wait, you're against oil mega corporations yet vote republican? You're doing it wrong.
                            We have a Democrat Governor and two Democrat Senators that allows such price fixing to take place. When an excuse is made for the price to go up, all stations in the state will fix the price the same regardless of brand and location at the same time of the selected day of the gouge or 30 to 40 cents jump. Easy for them to do given that Marathon controls the price and has most of the market here regardless of the brand sold at the pump. Also, stations no longer own the gas in the tank. It belongs to Marathon until it is actually pumped into your gas tank.

                            And, 100% unleaded gas, the stuff that doesn't ruin the fuel lines and carburetors of lawn mowers, chain saws, weed wackers, leaf blowers, etc..., because of the mandated by Democrats 10% ethanol blending, sells for $4.65 a gallon.
                            “Breaking News,”

                            “Something irrelevant in your life just happened and now we are going to blow it all out of proportion for days to keep you distracted from what's really going on.”

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                            • #15
                              Originally posted by SRV Ron View Post
                              And, 100% unleaded gas, the stuff that doesn't ruin the fuel lines and carburetors of lawn mowers, chain saws, weed wackers, leaf blowers, etc..., because of the mandated by Democrats 10% ethanol blending, sells for $4.65 a gallon.
                              That's roughly the same as in Bulgaria

                              High Admiral Snowy, Commander In Chief of the Naval Forces of The Phoenix Confederation.

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