Forum Post: Rising Fuel Cost's.
Posted 12 years ago on Feb. 20, 2012, 1:47 p.m. EST by richchiarito
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When is everyone going to start protesting against these insane gas prices? I am getting sick to my stomach paying 3.85 a gallon. If we all stood up against Big Oil and not drive for one day they would feel the pain. Lets get this going. I'm All-In
A one day boycott of Big Oil will do absolutely nothing. You couldn't get enough people worldwide to support it. One day's lost revenue caused by the relatively small number of boycotters would be pennies to Big Oil. There's got to be a better way. I agree something has to be done, though. A start would be to end or at least limit oil speculation, but due to the massive influence of all involved (the banks, speculators, Wall Street, etc.) I don't see that happening any time soon.
I agree with this statement. Oil companies have been making record profits regardless of the recession. This kind of a boycott will just be a drop in the bucket for them. Oil companies in the US and OPEC know they have a death grip on a necessary commodity so they abuse their control to the fullest extent. After all, how long can people go without gas? To take on Big Oil, pushing for alternative energy seems like a better method.
Big oil?
How much profit does Exxon make on one gallon of gas?
How much tax does the state get on each gallon of gas?
Now which one is gouging us?
http://www.dailymarkets.com/economy/2011/04/27/gasoline-taxes-vs-exxon-profit-per-gallon/
Don't forget, big oil take their profits at the refinery level, not the service station level. That has the nice effect of ensuring margins for independent service stations are near zero to minimize competition.
Thats .48 + .02 = .50 per gallon. Where is the rest of it going? That doesn’t add up to $3.50 a gallon, does it? Sorry, but your biased article fails to point out the real entity gouging us, BIG OIL. State taxes amount to a pitiful portion.
http://auto.howstuffworks.com/fuel-efficiency/fuel-consumption/gas-price1.htm
http://energyalmanac.ca.gov/gasoline/margins/index.php
BTW, the gas tax is oppressively regressive and hurts poor folks more than anybody, not only in the direct price of gas but also in basics like food due to added fuel costs.
The rest is cost:
Developing, exploration, capital investment, real estate, mineral fees to the owners of the property, extraction, transportation, refining, distribution, and pumping it into the tank of your car.
The big oil companies are making $ 0.02 in profit on each gallon. The state is taking much more. The state can easily reduce gas prices today.
If you take the $ 0.02 away from the oil companies what do you suspect will happen to the supply of gas?
Neither citation that you give shows oil company profit.
More citations:
http://www.dailymarkets.com/economy/2011/04/27/gasoline-taxes-vs-exxon-profit-per-gallon/
http://www.factcheck.org/2008/04/gasoline-tax-profits/
http://www.ilovephysics.com/2006/04/27/the-cost-of-a-gallon-of-gas/
http://www.gravmag.com/gasoline.shtml
http://www.allamericanblogger.com/15382/chart-shows-exxon-profits-per-gallon-of-gas-vs-taxes-collected-per-gallon/
http://money.cnn.com/2008/03/13/news/economy/gas_gallon/index.htm
http://www.taxfoundation.org/news/show/1168.html
Plus all those people would just have to go buy gas the day after the boycott.
Exactly.
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3.85? Try 4.35.
no wonder you "educated" morons can't find the job you want. 68% of the price of oil is the purchase of it alone. 13% to refining, 7% to market and distribute and 12% for taxes. So called big oil has nothing to do with it. Supply and demand does. Just because our demand dropped doesn't mean the demand world wide did. Hey bone head....you wanted to be part of the global community...get used to it
Protest by driving less. Burn calories, not gasoline.
Oh stop being negative....celebrate with the rest of brainless America and believe that your payroll deduction break is the best thing since sliced bread...yes, fuel is going straight through the roof and the cost of food due to transportation will be right behind it... but the economy is getting better and there are more jobs....!!! Hey...the stock market doesn't even reflect that Israel and Iran may go to war and that Iran is now holding an embargo against Britain and France.. After all- watch CNN for coverage because we are covering a stars funeral...and that whole Greece thing...ignore it..It will be fine...austerity measures...no big deal...and the Presidents budget that inches us towards a "Greece reality" ...ignore it Yes...I am being sarcastic :-)
I thought that higher gas prices would be good for the environment?
Higher oil prices are far and away the single best way for clean energy to become more widespread. As much as people may claim to want to protect the environment, most will not take action until they feel something in their wallets. And as things are now, it is cheaper to stay dirty rather than to go green.
yes it is
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How about an Energy Plan by Obama? How about the Keystone Pipeline, since we currently have 60,000 miles of pipelines running across the US now. How about Obama sitting across the table from OctoMidiJunk in Iran and apologizing for America we can get his oil? How about forcing GM to make an electric car,,, that will bring down oil prices in a second.
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The Marxists here cheer this along with whatever Greens are part of this movement.
Big oil?
How much profit does Exxon make on one gallon of gas?
How much tax does the state get on each gallon of gas?
Now which one is gouging us?
http://www.dailymarkets.com/economy/2011/04/27/gasoline-taxes-vs-exxon-profit-per-gallon/
you are wasting your time asking that question in this forum, since the libtards are against oil, gas, etc.