prices (3)

The next time you hear some politician or talking head on TV start spouting about the oil industy's "obscene profits" maybe you'll think of government's "OBSCENE TAX PROFITS" on every gallon of fuel!

Amazing isn't it how no reporter ever follows up on these facts. Hilary Clinton, Barack Obama, and others can scream about obscene profits. The oil companies "profit" is about 4 cents per gallon while government gets approximately 50 cents per gallon!


You want relief at the pump? How about demanding that all levels of government stop taxing commodities that are necessities? Medicines, food, clothes, FUEL, etc. It won't happen because the government's profits are hidden in the price and not added on at the sale. This is only one of their many dirty secrets they use to rob us.


What is the United States national gas tax rate?
The United States federal excise tax on gasoline is 18.4 cents per gallon (cpg) and 24.4 cents per gallon (cpg) for diesel fuel. On average, as of April 2012, state and local taxes add 31.1 cents to gasoline and 30.2 cents to diesel for a total US average fuel tax of 49.5 cents (cpg) per gallon for gas and 54.6 cents per gallon (cpg) for diesel.

What are the specific taxes for each state?
Some states charge an excise tax while other states have a flat tax. The below table displays state taxes plus fees, plus the 18.4 cents-per-gallon (cpg) federal excise tax. Additionally, some local counties may additionally charge an excise tax on gas, which is not reflected in this table. Please consult your specific local government for more information.

What do the state and local governments generate in fuel taxes?
For a chart of state and local revenues generated by fuel taxes, please click here.

www.gaspricewatch.com/web_gas_taxes.php

U.S. Gas Taxes (cents per gallon)
State Gas Taxes/Fees (cpg) Diesel Taxes/Fees (cpg)
Alabama 39.3 46.3
Alaska 26.4 32.4
Arizona 37.4 43.4
Arkansas 40.2 47.2
California 69 79.5
Colorado 40.4 44.9
Connecticut 64.4 70.6
Delaware 41.4 46.4
District of Columbia 41.9 47.9
Florida 53.4 54.9
Georgia 47.8 56.3
Hawaii 68 75.2
Idaho 43.4 49.4
Illinois 62.8 70.1
Indiana 61.4 76.2
Iowa 40.4 47.9
Kansas 43.4 51.4
Kentucky 46.2 43.9
Louisiana 38.4 44.4
Maine 49.9 57.1
Maryland 41.9 48.7
Massachusetts 41.9 47.9
Michigan 61.3 64.4
Minnesota 46.5 52
Mississippi 37.2 43.2
Missouri 35.7 41.7
Montana 46.2 53
Nebraska 46 51.4
Nevada 51.5 53
New Hampshire 38 44
New Jersey 32.9 41.9
New Mexico 37.3 47.2
New York 69.6 75.1
North Carolina 57.6 63.6
North Dakota 41.4 47.4
Ohio 46.4 52.4
Oklahoma 35.4 38.4
Oregon 49.4 54.7
Pennsylvania 50.7 63.6
Rhode Island 51.4 57.4
South Carolina 35.2 41.2
South Dakota 42.4 48.4
Tennessee 39.8 42.8
Texas 38.4 44.4
Utah 42.9 48.9
Vermont 43.9 53.4
Virginia 38.6 44.7
Washington 55.9 61.9
West Virginia 51.8 56.5
Wisconsin 51.3 57.3
Wyoming 32.4 38.4


* We offer no guarantees as to the accuracy of these numbers. They are presented here for informational and educational purposes only. Please consult official government figures to validate these numbers. Last Updated May 2012

Source: American Petrolum Institute (4/2012)

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White House to Blame for High Gas Prices

With Hurricane Isaac’s slamming the American gulf coast putting a temporary halt to oil production and refinery output, consumers can expect to see higher prices at the pump.4063570132?profile=original

Just in time for the Labor Day holiday.

Before Hurricane Isaac came along, gasoline costs were at an almost four month high.  The nationwide average rose to $3.75 a gallon on Aug. 26.  “We expect the national average price of gasoline for Labor Day this year to be the highest ever for the holiday,” said Michael Green, a spokesman for AAA.  Drivers could be paying $4 a gallon by the end of September.

 http://www.bloomberg.com/news/2012-08-28/gasoline-rising-to-holiday-record-as-storm-surge-pressures-obama.html

Oct. 3 is the date of the first presidential debate.

The timing could not be better for GOP presidential nominee Mitt Romney or worse for the White House and its hopes for re-election.

By any measure, the administration should be on the defensive over escalating gasoline costs and the hardship higher pump prices will cause average American families.  The White House has been consistently hostile towards traditional fuel industries, and has persistently sought to curtail exploration, development and production capacity since 2009.

The current administration has actively sought to discourage drilling on federal land.  Since the 2010 BP gulf oil spill it has gone out of its way to stifle offshore exploration.  The EPA has made it a regular course of business to impose costly regulations on the development of oil, natural gas and coal.

4063570168?profile=originalThe White House has wasted hundreds and hundreds of billions of taxpayer dollars subsidizing non-competitive technologies.  Solyndra, a solar-panel manufacturer, received a $535 million U.S. loan guarantee, then filed bankruptcy and fired 1,100 workers.  There are many other such examples.

The predictable White House solution will be to release supplies from the Strategic Petroleum Reserve.  This will be a typical response from the current administration:  Divest precious national resources in hopes of achieving the desired political result without solving the real problem or offering a viable solution.

Instead of effectively stimulating the American economy by assisting exploration, development and production of cheap, efficient energy, the White House is obsessed with squandering national treasure on inefficient, uncompetitive energy options that are incapable of surviving without a government backstop.

Odds are that the White House will blame it all on Hurricane Isaac…or on George W. Bush.

http://mjfellright.wordpress.com/2012/08/29/white-house-to-blame-for-high-gas-prices/

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Only government can take a perfectly useful commodity such as paper, print a few numbers on it and make it worthless . . . 
 
 
American Economy Facing
Death by 100+ Trillion Cuts
 
 
Today as President Obama tried to shed his rightful nickname “The Spread-the-Poverty President” by blaming Japan, and the world economy and high oil prices for the recent uptick in the nation’s UNemployment . . . you don’t have to be a gypsy fortune-teller to read-between-the-lines well enough to see that the American economy is dying the death by ten thousand cuts (or perhaps we should say by 100 TRillion+ cuts). Of course, many (if not most) of our fearless leaders in Congress and the White House are proclaiming an ongoing recovery. We’re not talking the Mississippi here, but de-Nile, deep, deep denial. Until we’re willing to face up to the truth, no solutions are possible. The progressive leadership in this country over the last forty-eight years (only Ronald Reagan is exempt among presidents and both chambers of every single congress has been guilty with the verdict still out on our present House of Representatives) have destroyed the greatest economic machinery the world has ever known and substantially weakened and corrupted the greatest and freest society ever known. 
Except for producing reality TV series and useless TV networks, we almost don’t create or build anything anymore . . . we certainly don’t create jobs. The American Dollar whose original symbol was a capital “U” with a capital “S” atop it has been led to a slow death. Thanks to our leaders we are almost literally drowning in debt: $14.3 TRillion officially; plus $115 TRillion in UNfunded liabilities (Social Security; Medicare; the federal side of Medicaid) or a total of almost $130 TRillion we purposefully ignore discussing; plus, oh yes, that Welfare State that just got Obamacare added onto it . . . .
In a recent article the Prison Planet website told a sad story . . . when we’re through examining their cataloging of the situation . . . besides some parenthetical comments you’ll see immediately after each item, Rajjpuut has three shocking insights to add to the picture, Prison Planet said . . . .

The Economic Collapse: 24 signs of economic decline in America
 
#1 Standard & Poor’s just altered its outlook on U.S. government debt from “stable” to “negative” and warned the U.S. that it could very soon lose its AAA rating (the last time this happened was during the three months following the December 7, 1941 surprise attack on Pearl Harbor).

#2 China has announced that they are going to reduce their holdings of U.S. dollars (China, Brazil, Russia, and several other countries have openly called for elimination of the dollar as the world’s reserve currency and China, Russia, Brazil and India have been moving out of Greenbacks into gold and silver).

#3 Hedge fund manager Dennis Gartman says that “panic dollar selling is setting in” and that the U.S. dollar could be in for a huge decline (the dollar has lost 24% of its value this last decade).

#4 The biggest bond fund in the world, PIMCO, is now short-selling U.S. government bonds.

#5 This cruel economy is causing “ghost towns” and “ghost neighborhoods” to appear all across the United States. There are quite a few counties across the nation that now have home vacancy rates of over 50% (Las Vegas, Nevada has one of the highest home vacancy rates in the nation . . . it’s so bad there that there’s a mini-construction “boom” going on . . . what? why? because rather than clients moving into one of Las Vegas’ many ghost neighborhoods for a bargain price they prefer to get into whole new sub-divisions with other people nearby rather than a seedy area over-run by kangaroo rats).

#6 There are now about 13 million fewer full-time jobs in America than when the recession began back in October, 2007.

#7 The average American family is having a really tough time right now. Only 45.4% of Americans had a job during 2010. The last time the employment level was that low was back in 1983.

#8 Only 66.8% of American men had a job last year. That was the lowest level that has ever been recorded in all of U.S. history.

#9 The average large company’s CEO made 343 times more money than the average American worker did last year.

#10 Gas prices reached five dollars per gallon at a gas station in Washington, DC on April 19th, 2011. Could we see $6 gas soon? The President continues to spit on the concept of American oil jobs and American oil while recently loaning Brazil $2 billion for deepwater drilling and claiming “We want to be your best customers1”

#11 Over the past 12 months the average price of gasoline in the United States has gone up by about 30%.

#12 Due to rising fuel prices, American Airlines lost a staggering $436 million during the first quarter of 2011.

#13 U.S. households are now receiving more income from the U.S. government than they are paying to the government in taxes.

#14 Approximately one out of every four dollars that the U.S. government borrows goes to pay the interest on the national debt.

#15 Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago.

#16 Total credit card debt in the United States is now more than 8 times larger than it was just 30 years ago.

#17 Average household debt in the United States has now reached a level of 136% of average household income. In China, average household debt is only 17% of average household income (1/8 as high a percentage on a lot less earnings).

#18 The average American now spends approximately 23 percent of his or her income on food and gas (forty years ago that number was about 7%).

#19 In a recent survey conducted by Deloitte Consulting, 74 percent of Americans said that they planned to slow down their spending in coming months due to rising prices.


#20 Over 59 percent of all Americans now receive money from the federal government in one form or another.

#21 According to the U.S. Bureau of Labor Statistics, the average length of UNemployment in the U.S. is now an all-time record 39 weeks.

#22 As the economy continues to collapse, frustration among young people will continue to grow and we will see more seemingly “random acts of violence.” One shocking example of this happened on a Metropolitan Atlanta Mass Transit Area (MARTA) vehicle recently. The following is how a local Atlanta newspaper described the attack . . . .
 
Roughly two dozen teens, chanting the name of a well-known Atlanta gang, brought mob rule to MARTA early Sunday morning, overwhelming nervous passengers and assaulting two Delta flight attendants.
 
#23 Some Americans have become so desperate for cash that they are literally popping the gold teeth right out of their mouths and selling them to pawn shops.

#24 As the economy has declined; the American people have been gobbling up larger and larger amounts of antidepressants and other prescription drugs. In fact, the American people spent 60 billion dollars more on prescription drugs in 2010 than they did in 2005.

            To understand the full picture, consider this: Barack Obama’s puppet-master, George Soros (the “man who broke the Bank of England” and chief funder of some 52 progressive-foundations that have been working to undermine the U.S. economy for the last nine years as well as funding Barack Obama’s campaigns) is openly calling for the Chinese Yuan to replace the Dollar as the world’s reserve currency. Soros, who has been called responsible for the destruction of at least six other currencies, is now heavily invested in the Dollar’s destruction. Every day that we refuse to emulate the British and adopt severe austerity measures, the closer Mr. Soros gets to adding another few hundred billion dollars worth of profit to his net worth. However, it’s not likely that Barack Obama will cut his own strings and act for the good of the American people over George Soros.
 
Real money, such as gold or silver, does not change in value over time although because of supply and demand considerations and new inventions, etc. it may be used to buy more or buy less of certain commodities. Paper money which is NOT backed by gold or silver (fiat money) always becomes worth less over time and eventually worthless. Right now Americans are shocked that the dollar has officially lost 24% of its value in a decade . . . but that’s only the official figure. The Federal Reserve Bankers under Fed Chief Ben Bernanke have not so much been “printing money” but merely creating it electronically. If the official figures took into account all Mr. Bernanke’s shenanigans and the world valued the Dollar accordingly then the 2011 dollar would be worth between 3-4 pennies from the 2001 DOLLAR.  Leave it to government to take a perfectly useful commodity such as paper, print a few numbers on it and make it absolutely worthless . . . by the way, gold prices have risen 45% in the last eighteen months; silver has risen 58% in the last four months as people and nations are abandoning paper currencies like the Dollar, Euro and Yen.
 
            The combined U.S. National Debt and UNfunded liabilities and Welfare responsibilities of the American government right now is equal to about three and one-half times the Gross Domestic Product ($57 TRillion) of the entire world . . . and yet the highly visible film-maker Michael Moore, all the unions, and the Progressives in congress from both parties claim there is “plenty of money” and refuse to cut spending and are debating when and how and how much to increase the debt ceiling right now. They’re counting on higher taxes upon “the rich” (those married couples earning a combined $250,000 or more who create all our small business jobs) to solve all our problems while continuing to create higher deficits, the one thing NOT on their agenda: spending cutbacks.
 
Ya’all live long, strong and ornery,
Rajjpuut
 
 
 
 
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