Sickening
Elder User
Joined: Jun 2004
Posts: 692
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From: Houston
Originally Posted by 4wd
Quote websthes:
"OPEC is the oil cartel
USA controls OPEC (saudi, kuwait, iraq)
oil execs control USA"
That folks is the simple truth.
"OPEC is the oil cartel
USA controls OPEC (saudi, kuwait, iraq)
oil execs control USA"
That folks is the simple truth.
New York Mercantile Exchange
World Financial Center
One North End Avenue
New York, NY 10282-1101
Laughing Gas
Joined: Oct 2004
Posts: 1,021
Likes: 0
From: Brandon Mb
Dennis,
up here in Canada, the government has the monopoly. People whine and complain to the government about fuel prices, and the government feeds them the same line, "we're trying to lower the prices." BULL. The government is never going to lower fuel prices because of the tax they collect. The government are the only institution in Canada allowed to collect tax on a tax. For arguements sake, lets say the purchase price of gas is $.1 per litre, and lets say the govt. collects 3 taxes at 10% each. As we all know, that would be 3 cents, and result in a price of .13/L. However, thats not how the gas tax works. The govt charges 10% on the original price of $.1, so thats $.11. Then charge 10% to the new price of $.11, so thats $.121, then taxes the $.121 for 10%, resulting in a price of $.1331 per litre.
At $1 per litre the Canadian government breaks down the fuel price as follows: (http://www.fin.gc.ca/toce/2005/gas_tax-e.html)
purchase price of crude - 49.5 cents
Refiner costs - 14
Federal taxes - 10.5
Provincial taxes - 16.5
GST - 6.5
Retailer - 3.5
That's a grand total of 33 cents per litre is tax!!
Later in the article, it claims that as a percentage of the price of fuel, Canadians pay the second lowest rate, behind the USA. It shows that we pay 78 cents in production fees/profits/etc. and 32 cents in tax. The UK pays 70 cents production fees/profits/etc. and 1.31 in tax. SO WHY CAN THEY BUY IT 8 CENTS CHEAPER BEFORE TAXATION THAT WE CAN?!?!?!?!?!?!
I hope this opens peoples eyes to who is really to blame to for our ridicousily high gas prices.
Trevor
up here in Canada, the government has the monopoly. People whine and complain to the government about fuel prices, and the government feeds them the same line, "we're trying to lower the prices." BULL. The government is never going to lower fuel prices because of the tax they collect. The government are the only institution in Canada allowed to collect tax on a tax. For arguements sake, lets say the purchase price of gas is $.1 per litre, and lets say the govt. collects 3 taxes at 10% each. As we all know, that would be 3 cents, and result in a price of .13/L. However, thats not how the gas tax works. The govt charges 10% on the original price of $.1, so thats $.11. Then charge 10% to the new price of $.11, so thats $.121, then taxes the $.121 for 10%, resulting in a price of $.1331 per litre.
At $1 per litre the Canadian government breaks down the fuel price as follows: (http://www.fin.gc.ca/toce/2005/gas_tax-e.html)
purchase price of crude - 49.5 cents
Refiner costs - 14
Federal taxes - 10.5
Provincial taxes - 16.5
GST - 6.5
Retailer - 3.5
That's a grand total of 33 cents per litre is tax!!
Later in the article, it claims that as a percentage of the price of fuel, Canadians pay the second lowest rate, behind the USA. It shows that we pay 78 cents in production fees/profits/etc. and 32 cents in tax. The UK pays 70 cents production fees/profits/etc. and 1.31 in tax. SO WHY CAN THEY BUY IT 8 CENTS CHEAPER BEFORE TAXATION THAT WE CAN?!?!?!?!?!?!
I hope this opens peoples eyes to who is really to blame to for our ridicousily high gas prices.
Trevor
Elder User
Joined: Mar 2005
Posts: 735
Likes: 1
From: SW Iowa
okst1 quote:"If you want to know who REALLY controls the price of oil, try these guys:
New York Mercantile Exchange
World Financial Center
One North End Avenue
New York, NY 10282-1101" end quote.
Who's declaring the billions of dollars Quarterly PROFITS?
Who's paying off golden parachutes in excess of $400 million dollars?
Who has stopped Ford and GM's best selling products in their tracks?
Remember, the gas we are buying today was pumped out of the ground 90 days ago, and yet we pay today's crude price.
Agree'd the States and Feds take a share of the gas price in road taxes, but at least they return a large portion of that tax we paid in better roads for us to ride on and use on a daily basis. What highway has Exon/Mobile built? or even patched?
I repeat websthes:
"OPEC is the oil cartel
USA controls OPEC (saudi, kuwait, iraq)
oil execs control USA"
That folks is the simple truth.
New York Mercantile Exchange
World Financial Center
One North End Avenue
New York, NY 10282-1101" end quote.
Who's declaring the billions of dollars Quarterly PROFITS?
Who's paying off golden parachutes in excess of $400 million dollars?
Who has stopped Ford and GM's best selling products in their tracks?
Remember, the gas we are buying today was pumped out of the ground 90 days ago, and yet we pay today's crude price.
Agree'd the States and Feds take a share of the gas price in road taxes, but at least they return a large portion of that tax we paid in better roads for us to ride on and use on a daily basis. What highway has Exon/Mobile built? or even patched?
I repeat websthes:
"OPEC is the oil cartel
USA controls OPEC (saudi, kuwait, iraq)
oil execs control USA"
That folks is the simple truth.
Last edited by 4wd; May 1, 2006 at 08:01 AM.
Senior User
Joined: Apr 2006
Posts: 111
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Senior User
Joined: Jun 2005
Posts: 115
Likes: 0
From: Independence, MO
I think the higher prices are inevitable, given the global demand, etc, etc -- it's all been hashed out before.
However, I visited the parents-in-law this weekend in Abilene, KS. Most places were selling for around $2.67. Two places in town were heavily competing with each other and they were down to $2.44 or so. It CAN be sold cheaper.
However, I visited the parents-in-law this weekend in Abilene, KS. Most places were selling for around $2.67. Two places in town were heavily competing with each other and they were down to $2.44 or so. It CAN be sold cheaper.
New User
Joined: Jan 2008
Posts: 0
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Postmaster
Joined: Mar 2002
Posts: 2,680
Likes: 1
From: Montreal Canada
Originally Posted by Mil1ion
Saudis now will pay 60 halalahs per liter of regular gasoline, or about 60 cents per gallon. The price of super unleaded drops to about 76 cents a gallon.
all i can say to that is halalalalalaalalalalalallaaaaaaaaaa!!!!
Senior User
Joined: Feb 2004
Posts: 259
Likes: 0
This tells my age for sure....When I was working my way through college gasoline was 31 9/10 for regular and 36 9/10 for premium....I can remember a gas war one summer when it when down to 16 9/10.....Oh well, we can't live in the past....Drive it like it's stolen......!
