So how much would you pay for a Gallon/Liter before any taxes or excises are levied on top?More current USA taxing info by State - Courtesy of GasBuddy ::
^^^^^^^^^^^^^^^^^LINK^^^^^^^^^^^^^^^^^^Gasoline tax information - Texas Gas Prices
www.texasgasprices.com
GAS PRICE CHECK
- Thread starter Walt Williams
- Start date
We have had a similar reduction in the excises until the end of September. from 44.4c down to 22.2c per liter.
This excise is a flat excise per liter and is not a % of the fuel price.
Our excise is indexed by inflation I believe.
Here in Texas where the gasoline is $4.39 a gallon, $4.00 is the cost of the gasoline and the rest is Federal and state tax.
That's interesting bit different in the UK
Bloody Hell - 75% tax in 2016 !
Statistics, Damned statistics!
That is a % figure not actual pence per liter at that stage the crude price was low so the duty and tax thus made a much large % of the price.
As crude price rises and the same pence per liter duty etc is added the duty forms a lessr %
That is a % figure not actual pence per liter at that stage the crude price was low so the duty and tax thus made a much large % of the price.
As crude price rises and the same pence per liter duty etc is added the duty forms a lessr %
So not to different to what i worked out at $4.24US.
Note that I have not taken into account rental/land prices/Company Tax rates/other business costs. So depending on what else the companies are required to cover the prices seem quite similar.
Howard Jones
Supporter
Here's my go-to commodities real-time website.
tradingeconomics.com
Gasoline - 2023 Data - 2005-2022 Historical - 2024 Forecast - Price - Quote - Chart
Gasoline futures in the US traded around $2.7 per gallon, hovering close to 5-week highs as domestic stockpiles dropped more than expected ahead of the driving-intensive Memorial Day weekend holiday. Gasoline stocks fell by 2.05 million barrels in the week to 216.3 million barrels, above market...
tradingeconomics.com
LARRY THAT IS SICK...WHEN WILL IT STOP?
It’s currently $5.19 here in BFE.
Bill Kearley
Supporter
Quite a lineup there Brian.
The completely honest (and accurate) answer to your question lies in an "I'll-call-you-on-the-phone-at-a-decent-hour" area, Walt.
I think I have your 'number around here somewhere... ;-)
LOL! 'Speaks volumes, doesn't it???!
(Don't you just love how fuel prices ALWAYS end in "point nine"...as though $6.99.9 is somhow faaaar cheaper than $7.00??? Just how would one actually PAY exactly .9 cents anyway if 'push came to shove'?)
A wise man once said, "There's nothing more permanent than death or a TEMPORARY tax."