$5 Gas in 2012?

[joshh]

Do fuel taxes vary on an hourly basis such as is the case with the overall price of fuel at the pump?

Yes they do, that's why it's a percentage.

[Fusion]

No, but its the taxes that make the price at the station jump much more, because when the price of the gallon/litr/whatever goes up, the taxes go up also.

[Jonny Cash]

Awesome! Less bro trucks on the road. I get paid to drive and I write it off for taxes, I love being an IC.

omg thats awesome! you'll never have to be concerned about anything!

Save this post, and put it in a time capsule. And in 10 years, open it.

-Jay

[CorvallisBMW]

Liberals happen to be the biggest threat to mine and your freedom however.

I always figured that was the terrorists?

Yes they do, that's why it's a percentage.

No, it's a fixed price per gallon.

[bmw2002tiiagave]

hurray to less bro trucks but nay to S50 / S52 swaps, super nay for B30 / B32 swaps. lol.

[Vedubin01]

There are many factors that are important in determining the price of gas. Demand has a major influence on the price of gas. In the United States, demand for gas is often quite high during the spring and summer, as individuals take off for popular vacation spots and the whole country gets more active. Gas prices often spike around the holidays, like Memorial Day and Independence Day. However, this is not always the case, as prices do not always rise in the warmer months.


Sometimes the demand for gas puts a strain on refinery capacity. This often happens in the spring, when refinery maintenance is typically conducted. While maintenance is performed, the gas market may tighten, resulting in a rise in the price of gas. Fortunately, refineries are usually finished with maintenance by the end of May.



The price of gas is also influenced by oil in its most natural state - crude oil. Basically, when desirable crude oil is less plentiful in supply, gas prices go up. The price of gas is affected by the type of crude oil that is available. Oil is described as light, heavy, sweet or sour. Crude oil that is sweet and light is cheaper, less difficult to refine, and less plentiful in supply. By contrast, heavy, sour oil is more difficult and costly to refine, yet is widely available throughout the world.
The cost of transporting and marketing crude oil has a significant effect on the price of gas. Transporting crude oil involves moving it to refineries, followed by the shipping of gasoline to distribution points and, finally, gas stations. Marketing costs cover the amount of money spent in marketing an oil company’s brand. Both costs are passed on to the consumer as part of gas prices.


In the United States, federal, state, and local taxes account for a significant portion of the price of gas. Taxes on gas are considerably higher in Europe than they are in the United States. As a result, European gas prices are much higher than they are in the United States.


Individual gas stations play a role in the price of gas as well. Typically, gas stations add something to the price of gas in order to profit. There are no laws governing the amount a gas station may charge for its gas. As such, some stations mark up their gas a few cents per gallon, while others add on ten cents per gallon or more. Some states, however, have laws that prohibit gas stations from charging less than a certain percentage of the total cost of their wholesale gas orders. These laws are intended to protect smaller gas stations from being significantly under-priced by large, chain gas stations.



The price of gas may also be influenced by such things as weather and major disasters. World events and wars also affect the price of gas. Basically, any event or situation that affects the drilling, refining, and transporting of oil can have a significant influence on gas prices.

http://www.wisegeek.com/how-is-the-price-of-gasoline-determined.htm

[mrsleeve]

wow Glad I had to work late and still have some to do............................


This thread makes my head hurt, with all the tools bags in here that cant grasp simple Economics and political/tax levies and how they effect the price of all goods and services. (You know how you are)

Good god, I losing faith fast

[Massive Lee]

There are many factors that are important in determining the price of gas. Demand has a major influence on the price of gas. In the United States, demand for gas is often quite high during the spring and summer, as individuals take off for popular vacation spots and the whole country gets more active. Gas prices often spike around the holidays, like Memorial Day and Independence Day. However, this is not always the case, as prices do not always rise in the warmer months.


Sometimes the demand for gas puts a strain on refinery capacity. This often happens in the spring, when refinery maintenance is typically conducted. While maintenance is performed, the gas market may tighten, resulting in a rise in the price of gas. Fortunately, refineries are usually finished with maintenance by the end of May.



The price of gas is also influenced by oil in its most natural state - crude oil. Basically, when desirable crude oil is less plentiful in supply, gas prices go up. The price of gas is affected by the type of crude oil that is available. Oil is described as light, heavy, sweet or sour. Crude oil that is sweet and light is cheaper, less difficult to refine, and less plentiful in supply. By contrast, heavy, sour oil is more difficult and costly to refine, yet is widely available throughout the world.
The cost of transporting and marketing crude oil has a significant effect on the price of gas. Transporting crude oil involves moving it to refineries, followed by the shipping of gasoline to distribution points and, finally, gas stations. Marketing costs cover the amount of money spent in marketing an oil company’s brand. Both costs are passed on to the consumer as part of gas prices.


In the United States, federal, state, and local taxes account for a significant portion of the price of gas. Taxes on gas are considerably higher in Europe than they are in the United States. As a result, European gas prices are much higher than they are in the United States.


Individual gas stations play a role in the price of gas as well. Typically, gas stations add something to the price of gas in order to profit. There are no laws governing the amount a gas station may charge for its gas. As such, some stations mark up their gas a few cents per gallon, while others add on ten cents per gallon or more. Some states, however, have laws that prohibit gas stations from charging less than a certain percentage of the total cost of their wholesale gas orders. These laws are intended to protect smaller gas stations from being significantly under-priced by large, chain gas stations.



The price of gas may also be influenced by such things as weather and major disasters. World events and wars also affect the price of gas. Basically, any event or situation that affects the drilling, refining, and transporting of oil can have a significant influence on gas prices.

http://www.wisegeek.com/how-is-the-p...determined.htm

Please now explain why you blamed the Obama administration for the high price of fuel...

[mrsleeve]

Please now explain why you blamed the Obama administration for the high price of fuel...

When you print a FUCK LOAD OF MONEY WITH NOTHING TO BACK IT AND INFLATE THE FUCKING SUPPLY IT MAKES ALL THE REST WORTH LESS> IF ITS WORTH LESS THEN IT TAKES MORE TO BUY SOMETHING> SINCE OIL IS TRADED IN GREENBACKS THAT MAKES CRUDE FUTURES GO UP AS IT TAKES MORE BUCKS TO BUY IT>

THUS THE BIG 0 PRINITNG MONEY FASTER THAT A PIZZA IS DEVOURED AT A CURVES. The 0 has much to blame in this.

Seems the dub has covered much of this I am not going to repeat it, just go read all of dubs posts again

[Massive Lee]

When you print a FUCK LOAD OF MONEY WITH NOTHING TO BACK IT AND INFLATE THE FUCKING SUPPLY IT MAKES ALL THE REST WORTH LESS> IF ITS WORTH LESS THEN IT TAKES MORE TO BUY SOMETHING> SINCE OIL IS TRADED IN GREENBACKS THAT MAKES CRUDE FUTURES GO UP AS IT TAKES MORE BUCKS TO BUY IT>

THUS THE BIG 0 PRINITNG MONEY FASTER THAT A PIZZA IS DEVOURED AT A CURVES. The 0 has much to blame in this.

Seems the dub has covered much of this I am not going to repeat it, just go read all of dubs posts again

It seems the price of fuel is lower now than 3 years ago.... When no money was printed.
Not to mention that Saudi Arabia's currency has been indexed to the US dollar 25 years ago and hasn't moved since then. Therefore, whatever the value of the US currency with other countries, it stays the same with the main supplier...

[mrsleeve]

It seems the price of fuel is lower now than 3 years ago.... When no money was printed.
Not to mention that Saudi Arabia's currency has been indexed to the US dollar 25 years ago and hasn't moved since then. Therefore, whatever the value of the US currency with other countries, it stays the same with the main supplier...

You asked why its going UP NOW ........................ so thats the answer you got

In 08 it was being pushed by to main factors 1 Speculation on the commodities market (those that pulled all their money outta housing had to put it some where so they made their own bubble) and 2 GLOBAL demand was MUCH MUCH FUCKING HIGHER.


Like I told you reread Dubs posts hes already explained this to you.

[CorvallisBMW]

Isn't it nice to know that rising prices under a democratic president are always the fault of the administration while rising prices under republican presidents is always caused by uncontrollable market forces. Now i can sleep better at night.

[ill4noreason]

I have officially given up on the younger generations and thusly, the future of our country.

haha. So I guess the older generation ( which you are apart of? ) that have put us in this hole before we even had a say have nothing to do with the fact that the younger generation is in this position? Oh is thusly even a word? I was kidding about the alcohol thing here in the USA. But not about the Brazil part. Big booty's everywhere...

[lga714]

omg thats awesome! you'll never have to be concerned about anything!

Save this post, and put it in a time capsule. And in 10 years, open it.

-Jay

:giggle: I'll have to make my sarcasm more obvious in my posts

[mrsleeve]

Isn't it nice to know that rising prices under a democratic president are always the fault of the administration while rising prices under republican presidents is always caused by uncontrollable market forces. Now i can sleep better at night.

NO thats Just how the card fell this time around.


Boosh didnt devalue the dollar to shit (as much as 0) and there was not a global down turn in demand (like 35ish %) at the same time of over printing of money.

this is not complex to get, you are smart enough to connect the dots