Gas Prices [WARNING: NO POLITICS]

Houston Kid

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Ok, ok.
$3.60 for 93 in HTX.
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stungjoe

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It's my specialty :surprised:
100% of the fuel costs are passed on to the customer who in turn passes 110% on to the consumer. High fuel prices affects us all in ways some don't even consider.
 

Saxgod

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shogun32

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The local/state taxes are a large part of the price delta between regions. Some places the taxes are at least half or more of the price.

I get 21.7MPG out of the V8 generally. I grew up in Japan where it was $1.50/liter way back in the 80's no less. So till it goes to 10/gal I don't really give a damn.

That said, $10 gas means the price for diesel has gone up a lot too which DOES affect everybody. The modern economy runs on oil+diesel and when those input costs change for the worse, we all take it up the *** without lube.
 

Guard5.0

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Really????

We are driving $100K cars with a gas guzzler charge and now complaining about fuel prices?

Life must be really good if this is all you ladies now need to bicker about.

Just enjoy a country where this is possible on a mass scale.

We aren’t in China or Russia where these cars would be true unicorn sightings.
I’m with you. We have one vehicle, wife’s 2022 Acura MDX, that barely gets over 20mpg. Everything else in our garages sucks fuel at an alarming rate. When we recently ran out of garage space the car that got sold was the 30+mpg Honda Civic Sport which we used for around town stuff. I don’t necessarily want to waste but compared to gas prices in most other civilized nations our gas is relatively cheap. I’d love to have $1/gal fuel but for now I’m fine with the principles of supply and demand
 

Houston Kid

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The local/state taxes are a large part of the price delta between regions. Some places the taxes are at least half or more of the price.

I get 21.7MPG out of the V8 generally. I grew up in Japan where it was $1.50/liter way back in the 80's no less. So till it goes to 10/gal I don't really give a damn.

That said, $10 gas means the price for diesel has gone up a lot too which DOES affect everybody. The modern economy runs on oil+diesel and when those input costs change for the worse, we all take it up the *** without lube.
In Texas there is a $0.20 per gallon state tax and everyone pays the Feds $0.184 per gallon in federal tax. At $0.20 a gallon, Texas is one of the cheaper states as far as gas tax goes.

https://taxfoundation.org/state-gas-tax-rates-2020/
 

Evolvd

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In Texas there is a $0.20 per gallon state tax and everyone pays the Feds $0.184 per gallon in federal tax. At $0.20 a gallon, Texas is one of the cheaper states as far as gas tax goes.

https://taxfoundation.org/state-gas-tax-rates-2020/
I don’t mind the tax price for Florida as I pay zero income tax in the state. I haven’t done the exact math but I’m pretty sure that even with a 7% sales tax and .42 per gallon gas tax I’m still better off than an income tax on top of that lol.

That all being said anyone who lays the blame of gas prices solely at the feet of one man (the president) is either ignorant or disingenuous in their consternation.
 
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K4fxd

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If you artificially limit supply you will get higher prices.
 

Bikeman315

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If you artificially limit supply you will get higher prices.
Oh, come on Dan, please stop with your conspiracy theories. The gas and oil industry are effected by the "worldwide" supply chain issues just like every other industry. If you actually have any verifiable proof that any government agency is forcing the industry to limit production, please supply it.
 

Mach VII

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If you artificially limit supply you will get higher prices.
Only thing limiting supply is the producers, they like big profits and still have the sting of big losses last year when demand dried up. They were paying to store it. I bought heating oil last year at $1.60/gallon which was artificially low… OPEC and Russia aren’t going to increase their production either, after years of flooding the market with cheap oil trying to break the US fracking industry which appears to have worked short term.
 

K4fxd

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If you actually have any verifiable proof that any government agency is forcing the industry to limit production, please supply it.
I got slapped for posting politics so won't. Look at recent history and you will find the answer.
 

K4fxd

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Bikeman315

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I got slapped for posting politics so won't. Look at recent history and you will find the answer.
You made a comment that I disagreed with. To bring me to your side I asked for any information that would show your comment to be true. Enough said. Time to move on.
 

Bikeman315

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Only thing limiting supply is the producers, they like big profits and still have the sting of big losses last year when demand dried up. They were paying to store it. I bought heating oil last year at $1.60/gallon which was artificially low… OPEC and Russia aren’t going to increase their production either, after years of flooding the market with cheap oil trying to break the US fracking industry which appears to have worked short term.
I'm sorry, but why would the producers do anything to create a shortage to increase prices?

In the worst year for the company in four decades, Exxon said it lost $22.4 billion in 2020, compared with a profit of $14.3 billion in 2019.

:crackup: :cwl::crackup::cwl:
 

K4fxd

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You made a comment that I disagreed with. To bring me to your side I asked for any information that would show your comment to be true.
To answer that would involve politics.
 
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