Something I have noticed lately, with the bottoming of Oil prices, around $30/barrel, I'm seeing $1.52/gal. gasoline at the pumps in Muscle Shoals. Sure does beat the $3.70 we saw over a year ago. While all the low gas prices sounds great for us consumers filling up our cars, trucks and such, we need to pay attention to our Politicians who want to take advantage of Lower oil & gas as well. What better timing for politicians to slip in more Gas Taxes while gas is @ $1.52 instead of $3.65. I'm starting to hear Montgomery talking of adding more state taxes on a gallon of gasoline. I'm not sure what the percentage of taxes are per gallon, but I bet its more or close to the profits being made by the driller, refiner, distributor or retail outlet. Of course we all have no sympathy for oil companies when we are paying out the nose @ $3.70/gal. and we consumers seem to get the Shaft every which way we turn, even when we finally get a price break @ $1.52/gal. Our discretionary money gets eaten up somewhere else and now there are proposals for more taxes added, on already high taxed fuel. Just doesn't seem right, only when we are getting a break and seeing lower oil and gas prices since 2008.
My thoughts are if you don't mind pay additional gas taxes now, then you shouldn't have minded it back when gas was at $3.65/gal. Politicians should have taken advantage of adding Taxes using the higher price (3.65/gal) to make the Percentage of Taxes look Lower. The overall tax bite would look lower Percentage wise, but how many of us look into the actual Percentages of Taxes you are paying at the pump currently?
I'm curious to see what Percentage, we are paying currently per gallon..
Kinda like knowing what Percentage of your Gross Income you paid in Taxes..
Does anyone have any credible values of Taxes on a gallon of local gas. (Federal, State, Local, Special Taxes per Gal.)
