California's really screwed now!

[Silverado4x4]

I'm in north east Bakersfield. My ex step uncle is a commander with the sheriff dept. On the way to Fresno yesterday I stopped in Selma to check out the auto mall gas was $3.51

 

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Ex step uncle? Never heard that one before.

[Chris]

Step dad's brother. Mom has since divorced

 

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[BlackZ71Silverado]

I'm in north east Bakersfield. My ex step uncle is a commander with the sheriff dept. On the way to Fresno yesterday I stopped in Selma to check out the auto mall gas was $3.51

 

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Gas here in PA is $3.56 for regular.......You guys should be happy yo uare not paying that much.

[txab]

Taxes on gas here is like 10-20 cents per gallon. I dont remember the exact. its printed on the pumps

 

 

That's just the local tax. Total state tax including local, is about .41 cents per gallon. Federal tax is .18-.19 cents per gallon. So about .60 cents of every gallon goes to a Govt. entity. The .41 cents figure may actually be a bit higher

[j-ten-ner]

 

The Govt makes far more per gallon of fuel than the Oil Companies, and they actually do nothing to earn it....

 

 

So, why would they light something up? lol

 

so long

j-ten-ner

[Chris]

the pump says federal and state on it. ill have to go double check. i find that i read while i fill up

[txab]

You can find it all online.

[Wolfmanjohn]

Conspiracy theory time. This did happen before a presidential election, right? In a facility owned by a large oil corporation. What better way to beat the incumbent than to cause the price of a necessary commodity to spike in an already unsteady economy. Makes me wanna grab my balls and think.....

[chakis24]

I think the profit margin is a little higher than 4% .

 

Copied from ABC news website.

 

"Chevron and Total wrapped up a string of gargantuan, record-breaking earnings reports from oil companies on Friday, a stretch in which six of the major international oil companies topped $50 billion in combined profit for the first time.

Revenue rose significantly to $82.9 billion from $56.1 billion a year ago."

 

 

 

Thats an average of over 8 billion dollars per company for the second quarter this year.

.

 

 

gas companies make 1-2 cents profit per gallon of gas sold. all their profit comes from the convenience stores.

and dont forget state and federal taxes. in connecticut there are two different state taxes- one flat and one variable- as the price per barrel of oil goes up the tax also goes up. at least 50 cents a gallon is directly from taxes.

[old-chevy-dude]

why does everyone thing that oil companies only make profits from the gas you put in your car?

 

oil is in everything, from tires to plastics, to ink to pesticides:

 

here is a partial list of Petroleum based products.

 

http://www.ranken-energy.com/Products%20from%20Petroleum.htm

 

 

Oil companies make profits from the sale of oil not gas

[Chris]

now up to 3.89 for the cheap stuff

[Prokopchuk_9]

why does everyone thing that oil companies only make profits from the gas you put in your car?

 

oil is in everything, from tires to plastics, to ink to pesticides:

 

here is a partial list of Petroleum based products.

 

http://www.ranken-energy.com/Products%20from%20Petroleum.htm

 

 

Oil companies make profits from the sale of oil not gas

 

Exactly

[BlackZ71Silverado]

Conspiracy theory time. This did happen before a presidential election, right? In a facility owned by a large oil corporation. What better way to beat the incumbent than to cause the price of a necessary commodity to spike in an already unsteady economy. Makes me wanna grab my balls and think.....

 

 

 

LOL..............I knew that would eventually come into play.

[BlackZ71Silverado]

now up to 3.89 for the cheap stuff

 

 

LOL............check the prices now.

 

http://www.bakersfieldgasprices.com/

[Prokopchuk_9]

3.89 LOL...all you guys are spoiled!!!! I say quit your whining!!! I've been paying in the $5/gallon range for years!!!! Spoiled brats...whining about 3.89 LOL...I haven't seen $1/litre in 5 or 6 years. Right now in my home town it's 1.41 for regular 87 and 1.50 for supreme 91.

 

3.89... Ahahahah