Its too bad the US automakers didnt have the foresight to see this coming long ago. Jobs could have been saved, gas could have been saved, and the environment would be better off.
its too bad they are in bed with the oil companies in the first place.
I hope ever fucking american car maker goes under. To purposely make inefficient cars for 20 years on the hope a.) that gas stays under 2$ a gallon and b.) to line investors pockets, is not only irresponsible its lazy. Seriously, if you work for a US auto maker you deserve everything you get, including the blue collars on the line.
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The National Average of combined State And Federal Taxes is about .40 per gallon (13%). Here in California... it's something like .36 per gallon (combined State and Federal Taxes).
ref. http://www.lib.umich.edu/govdocs/dn08/dn08gas.html
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So, if we subtract the .40 cents in taxes... and the .72 cents you say are what oil companies make... that leaves $3.09 per gallon (that I paid today) that is left unaccounted for. We know is doesn't go to the gas station owners... where does it go?
I do not believe that on the $4.21 per gallon of gasoline I paid today... that $3.49 of it went to taxes.
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Also... Exxon Mobile profits for the past 12 monts was 164 Billion dollars.
"And at first blush, many would agree. Over the past 12 months, for example, ExxonMobil has made pre-tax profits of $164 billion on sales of $369.5 billion. That's a lot."
ref. http://www.investmentu.com/IUEL/2007/20070323.html
I didn't click on your link, simply because I don't, but when I looked up the breakdown in a gallon of gas myself, the percentage was something like this: 17% profit, 20% taxes, 45% crude oil, 18% marketing. I don't have a link, that's just from my memory.
So, from those calculations, the govt gets more $$ and how much has the govt. invested in the business and its refineries? And how much have the oil companies invested?
I didn't click on your link, simply because I don't, but when I looked up the breakdown in a gallon of gas myself, the percentage was something like this: 17% profit, 20% taxes, 45% crude oil, 18% marketing. I don't have a link, that's just from my memory.
So, from those calculations, the govt gets more $$ and how much has the govt. invested in the business and its refineries? And how much have the oil companies invested?
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I tried to post the latest data I could on a quick search. The numbers posted in the last article stated May 2008. $164 billion (profits for ExxonMobil) of $369.5 billion in sales is 44.4%.
California State Excise Tax per gallon is .18, Federal Excise Tax is .18.
Depending on where you live, your local California sales tax varies. In Los Angeles County, the sales tax is 8.5% of the sales price.
.18 cents of $4.21 is 4.25% (.36 cents of 4.21 is 8.5%). Add the sales tax in California and it comes to 17% or .72 cents on one gallon selling as $4.21).
The first site posted a National Average of 13% taxes as of January 2008 (average price per gallon at $3.04). But, I'm a bit confused because it sources the Energy Information Administration 2005.
Those taxes are *supposed* to go towards infrastructure on transportation systems (i.e. Federal and State highway systems (building/maintaining freeways and bridges) and local (County) roads and streets). Whether or not they make it there... I have no idea.
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I do not know how much (if any) the government subsidizes the oil companies for building and operating costs. The Oil Companies should foot the entire bill because it is their shae holders they have to answer to.
I'm not saying it is good or bad... I'm just posting figures I can locate. Oil Companies exist to make profits. They are not in the business of making us happy. Their stock holders are probably happy (Exxon stock traded in the past year between approx. $80.00 (low) and $95.00 (high)). Five years ago (2003) their stock sold for $37.34. This is how Free Enterprise works... selling the product at the price it will sell at, not for the price the consumer wants to pay. And with gasoline... they have us, literally, over a barrel... because what choice do we have?
Most of their operating costs come from purchasing the crude, transportation to the refineries, refining the crude into gasoline, distribution to the retail stations. The government does tax them on their profits... just as they tax any business or individual on their income.
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Retailers also make money per gallon, but it is not as much as you think. Retailers want you to purchase cigarettes, Coca-cola and Dorritos... where they make their real profits.
"A&M Shell, a gas station in Tucson, Ariz., owned by Arnold Mendez Jr. and his family, makes about 16 cents in profit for every gallon of gas sold. But that's before the station pays credit card companies for transaction fees. Those fees, which are based on the dollar amount of gas sold, translate to about 2 percent of each sale, says Mendez. So the more gas costs, the more the station pays in credit card fees.
These days, that means the Mendez family hands over about 7 cents per gallon of regular unleaded to credit card companies.
"So we're left then with 9 cents per gallon" in profit, Mendez says."
Reading your posts, and once again, pretty much in agreement with much of what you are saying. Wasteful society. Especially the type of cars people buy. Thing is, you can get an SUV that gets good gas mileage. Toyota highlander hybrid, ford escape hybrid, jeep patriot, Saturn somethingorother.
I havent seen you mention the american auto companies yet, though.
While demand is mostly to blame, many american people want to buy "american" cars, but american cars dont offer much in terms of MPG, at least not decent sized ones.
I read that GM is closing 4 plants in the U.S. and may discontinue the Hummer. Its about time. I know, people are consumers, and they buy what they want. But there are people like my dad who doesnt want a truck, doesnt want a tank, doesnt want a cadillac....he just wants a sedan type car that gets good mpg.....but her refuses to buy a toyota because we fought Japan in WWII. As a result, hes probably going to buy a car that is "american" but gets worse gas mileage....simply becasue its american.
Its too bad the US automakers didnt have the foresight to see this coming long ago. Jobs could have been saved, gas could have been saved, and the environment would be better off.
its too bad they are in bed with the oil companies in the first place.
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Don't get me started on the fucking auto manufacturers. I mean, it seems like we have technology to manufacture cars that could burn fuel more efficiently than we do... because it is possible for this country to run a remote control *toy* car... ON MARS!!!
I know, I know... the Mars Rover is expensive to build and operate... I am just trying to point out the technologies available to us.
Allen Fieldhouse, home of the 2008 NCAA men's Basketball Champions! Go Jayhawks!
Hail, Hail!!!
Comments
I didn't click on your link, simply because I don't, but when I looked up the breakdown in a gallon of gas myself, the percentage was something like this: 17% profit, 20% taxes, 45% crude oil, 18% marketing. I don't have a link, that's just from my memory.
So, from those calculations, the govt gets more $$ and how much has the govt. invested in the business and its refineries? And how much have the oil companies invested?
I tried to post the latest data I could on a quick search. The numbers posted in the last article stated May 2008. $164 billion (profits for ExxonMobil) of $369.5 billion in sales is 44.4%.
California State Excise Tax per gallon is .18, Federal Excise Tax is .18.
Depending on where you live, your local California sales tax varies. In Los Angeles County, the sales tax is 8.5% of the sales price.
.18 cents of $4.21 is 4.25% (.36 cents of 4.21 is 8.5%). Add the sales tax in California and it comes to 17% or .72 cents on one gallon selling as $4.21).
The first site posted a National Average of 13% taxes as of January 2008 (average price per gallon at $3.04). But, I'm a bit confused because it sources the Energy Information Administration 2005.
Those taxes are *supposed* to go towards infrastructure on transportation systems (i.e. Federal and State highway systems (building/maintaining freeways and bridges) and local (County) roads and streets). Whether or not they make it there... I have no idea.
...
I do not know how much (if any) the government subsidizes the oil companies for building and operating costs. The Oil Companies should foot the entire bill because it is their shae holders they have to answer to.
I'm not saying it is good or bad... I'm just posting figures I can locate. Oil Companies exist to make profits. They are not in the business of making us happy. Their stock holders are probably happy (Exxon stock traded in the past year between approx. $80.00 (low) and $95.00 (high)). Five years ago (2003) their stock sold for $37.34. This is how Free Enterprise works... selling the product at the price it will sell at, not for the price the consumer wants to pay. And with gasoline... they have us, literally, over a barrel... because what choice do we have?
Most of their operating costs come from purchasing the crude, transportation to the refineries, refining the crude into gasoline, distribution to the retail stations. The government does tax them on their profits... just as they tax any business or individual on their income.
...
Retailers also make money per gallon, but it is not as much as you think. Retailers want you to purchase cigarettes, Coca-cola and Dorritos... where they make their real profits.
"A&M Shell, a gas station in Tucson, Ariz., owned by Arnold Mendez Jr. and his family, makes about 16 cents in profit for every gallon of gas sold. But that's before the station pays credit card companies for transaction fees. Those fees, which are based on the dollar amount of gas sold, translate to about 2 percent of each sale, says Mendez. So the more gas costs, the more the station pays in credit card fees.
These days, that means the Mendez family hands over about 7 cents per gallon of regular unleaded to credit card companies.
"So we're left then with 9 cents per gallon" in profit, Mendez says."
ref. http://www.npr.org/templates/story/story.php?storyId=90453142
Hail, Hail!!!
Don't get me started on the fucking auto manufacturers. I mean, it seems like we have technology to manufacture cars that could burn fuel more efficiently than we do... because it is possible for this country to run a remote control *toy* car... ON MARS!!!
I know, I know... the Mars Rover is expensive to build and operate... I am just trying to point out the technologies available to us.
Hail, Hail!!!