Diesel up again!!
Posting Guru
Joined: Jul 2003
Posts: 1,293
Likes: 0
Originally Posted by MisterCMK
They also paid record taxes that were around 30 billion dollars.
Not quite sure I understand the commodities market but when oil hits a certain price, isn't it for future oil that hasn't even been pumped out of the ground yet? The same with Diesel fuel and unleaded gasoline, those are traded on the market. If I recall, the oil companies don't set the price of oil, or the finished fuel. Commodity traders and middlemen 'jobbers' do.
Hotshot
Joined: Mar 2007
Posts: 10,101
Likes: 40
From: Pa
Originally Posted by MisterCMK
They also paid record taxes that were around 30 billion dollars.
Its just amazing after taxes, high paid executives, high paid workers and everything they can still make over 40 billion profit. Just goes to show that oil costs way more than it has to be.
The stock market and goverment are good at taking simple things and complicating them.
I don't see how demand is higher now in the US than it was in 2000.
Fleet Mechanic
Joined: Jul 2005
Posts: 1,470
Likes: 108
From: Staten Island, NY
Don't forget, the taxes on gasoline and diesel are a percentage not a fixed price per gallon. The more the oil companies charge, the greater the tax revenues for the government; Federal, State and Local.
Lead Driver
Joined: Dec 2003
Posts: 5,250
Likes: 42
Better recheck your thoughts Pupnduck. there is more to it than that.
http://www.taxadmin.org/FTA/rate/motor_fl.html
http://www.taxadmin.org/FTA/rate/motor_fl.html
Fleet Mechanic
Joined: Jul 2005
Posts: 1,470
Likes: 108
From: Staten Island, NY
You're absolutely right. But New York does tack on an 8.375% sales tax on top of everything else. I'm fortunate in that I live 10 minutes from New Jersey. I haven't bought fuel in NY in years. Last Saturday diesel was $3.29 in NJ. Regular gas was $2.82. Where I live, diesel is going betwen $3.99 and $4.29 a gallon - self service. In NJ you can't pump your own gas or diesel if the pump shares a pump island with gasoline pumps. I pump my own at a truck stop. The New York prices are for self service.
Senior User
Joined: Dec 2007
Posts: 282
Likes: 0
From: Jacksonville, FL
3.29 for diesel in Jersey?...WOW...Im in north Florida and it is 3.48 here...that is pathetic for a state that has no state tax....except for the tax they put on fuel!...IMO, people need to start raising cane with their state legislatures to lower fuel taxes.
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Elder User
Joined: May 2002
Posts: 858
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From: Robbinsville NJ
Originally Posted by dfooch
3.29 for diesel in Jersey?...WOW...Im in north Florida and it is 3.48 here...that is pathetic for a state that has no state tax....except for the tax they put on fuel!...IMO, people need to start raising cane with their state legislatures to lower fuel taxes.
Post Fiend
Joined: Feb 2007
Posts: 7,191
Likes: 4
From: Blairsville,Ga
Originally Posted by dfooch
3.29 for diesel in Jersey?...WOW...Im in north Florida and it is 3.48 here...that is pathetic for a state that has no state tax....except for the tax they put on fuel!...IMO, people need to start raising cane with their state legislatures to lower fuel taxes.
no state taxes???
I thought all states had taxes
Lead Driver
Joined: Dec 2003
Posts: 5,250
Likes: 42
Originally Posted by Big Orn
There are only seven states that don't: Alaska, Florida, Nevada, South Dakota, Texas 
, Washington, and Wyoming.
, Washington, and Wyoming.You are being sarcastic, right?
Texas has 6.25% general sales tax. Cities add 2% to make the average 8.25%
Look at the link I posted earlier to see the state tax of fuel. Texas has been consistent for as long as I have been paying attention.
Only 2 things in life are CERTAIN.......
