Yesterday, I paid 125.55$CAD for 61.5L of 93 AKI / 98 RON octane gas... The manual says the tank holds 60L... I was on fumes...
I noticed yesterday that the price difference from regular to premium gas was 83 cents. (in Texas)
On March 15, I paid $4.19/gallon for regular gas in the Washington DC metro area. The station I filled-up with is usually at least $.05 lower than the next lowest place (which changes every few weeks). Trusty Prius took 8.57 gallons for a total of $36.00. Decided I will be going full electric or high-performance hybrid in 2025.
We paid A$2.21/litre yesterday in outer Melbourne, it jumped 10c overnight. I think that equates to about US$6.10 gallon
One thing, it seems that gasoline prices are not interfered with by the US government.
There are petroleum trade magazines, their information was that the average gas station pays about 60% of its retail price to the refiner.
Just like a grocery, the station pays for delivery, and is free to sell at whatever price it feels reasonable.
And depending on demand, and hourly wages, the same station will have peak prices (weekend), lower prices on Mondays and Fridays (fill up days), and lowest from Tuesdays to Thursdays.
Sundays and night shifts cost the owners triple time in wages, and sales are low. So they increase the price as per their perception of reasonable.
New Jersey Turnpike was an example.
That is not the case in India. And may also be the case in other countries.
We have a refinery gate price, and a delivery cost, the distance to the gas station determines his selling price, and he gets a fixed margin per liter, which actually reduces with increasing sales...!
So all stations in the same distance band sell at the same price.
Most of the capacity is with government owned entities, and the private entities sell by the same rules.
And we know which pump is selling adulterated fuel, or is cheating on volume, and so on...simply by looking at the length of the queue.
There are petroleum trade magazines, their information was that the average gas station pays about 60% of its retail price to the refiner.
Just like a grocery, the station pays for delivery, and is free to sell at whatever price it feels reasonable.
And depending on demand, and hourly wages, the same station will have peak prices (weekend), lower prices on Mondays and Fridays (fill up days), and lowest from Tuesdays to Thursdays.
Sundays and night shifts cost the owners triple time in wages, and sales are low. So they increase the price as per their perception of reasonable.
New Jersey Turnpike was an example.
That is not the case in India. And may also be the case in other countries.
We have a refinery gate price, and a delivery cost, the distance to the gas station determines his selling price, and he gets a fixed margin per liter, which actually reduces with increasing sales...!
So all stations in the same distance band sell at the same price.
Most of the capacity is with government owned entities, and the private entities sell by the same rules.
And we know which pump is selling adulterated fuel, or is cheating on volume, and so on...simply by looking at the length of the queue.
Not true that gasoline prices are not interfered with by the US Government. US Government can and will indirectly affect prices by either refilling or emptying crude petroleum in the Strategic Petroleum Reserve. Thwe Biden Administration is currently considering sales to reduce prices.
Also, the reasons why crude oil spot prices are reflected so quickly (overnight) on the retail price of gasoline is because the retail gas station owner decides to sell at the anticipated refill price ("replacement cost").
The final price at which to sell fuel is decided by the gas station owners....not the government, as is the case here.
They pay taxes, which are small in proportion to the price of fuel.
Here petrol (gasoline) is 95 Rupees per liter, about US$ 4.79, the actual price with crude at 95$ is $2.78, so the government is making nearly $2 per US gallon in taxes. Or 42%.
They pay taxes, which are small in proportion to the price of fuel.
Here petrol (gasoline) is 95 Rupees per liter, about US$ 4.79, the actual price with crude at 95$ is $2.78, so the government is making nearly $2 per US gallon in taxes. Or 42%.
The Federal government in the US imposes $.183 excise tax on gasoline. I live in the State of Maryland, which imposes a $.368/gallon excise tax on gasoline. Thus, the total tax on gasoline is $.551. There are many who want the Federal Government to adopt the European approach of taxing gas at high rates, and using the proceeds to fund mass transit infrastructure and operating costs, and other transportation-related matters (such as significantly reducing the backlog on transportation infrastructure repairs. Money could also be used to fund electrical charing stations on highways - although perhaps it may be prudent to wait to see if the model of "replaceable batteries" becomes the paradigm.
$0.551 is how much percent of the price in your area?
Taking above mails in consideration, the price was around $4 in other states....
55.1/400 = 13.775% (prices in cents)
That is fixed, not a percentage. So you pay the same tax, independent of how much you actually pay at different gas stations.
Here, we have a specific (fixed) Excise duty, and percentage based Excise, Central Sales Tax, and Local Sales Tax.
So that also changes with price.
The gas station selling prices are fixed by the government, not the gas station management.
A specific duty is a fixed one, per unit, like yours in the USA.
And we are paying a larger percentage in taxes than you are on the fuel.
Taking above mails in consideration, the price was around $4 in other states....
55.1/400 = 13.775% (prices in cents)
That is fixed, not a percentage. So you pay the same tax, independent of how much you actually pay at different gas stations.
Here, we have a specific (fixed) Excise duty, and percentage based Excise, Central Sales Tax, and Local Sales Tax.
So that also changes with price.
The gas station selling prices are fixed by the government, not the gas station management.
A specific duty is a fixed one, per unit, like yours in the USA.
And we are paying a larger percentage in taxes than you are on the fuel.
Here, between federal excise tax, provincial excise tax, and federal carbon tax, the total is tax 35.75 cents per litre before HST. HST (13% in Ontario) is calculated on the sale price of the gas go it's effectively a tax on a tax.
On a price of 2$ per litre, there is ~58 cents in taxes.
On a price of 2$ per litre, there is ~58 cents in taxes.
I agree. The point of my post was to show that gas taxes in the US can and should be increased. Not only are they a relatively small percentage of the total price, these points are telling: the gas tax is an excise tax that does not change based upon the selling price of gas; for an ostensibly affluent county the percentage of the gas tax burden in the US is relatively low compared to affluent European countries; the US gas tax burden burden is extremely low compared to non-affluent countries who often use the gas tax as another "affluent tax" to tax the very well-off in their society; and the US could use the income generated by an increased gas tax to pay for needed transportation-related spending (and what needs to we have in the US) - assuming that Congress does not divert the income generated.
Others may disagree, but basically the US for the last 50 years has been avoiding spending on public amenities and infrastructure in order to decrease the tax burden on corporations and the wealthy (not just top 1% but the top 10-20%). This was endorsed by the lower economic classes because they did not know what was going on, or they too were greedy and self centered (the idea being that "I will make I someday and I do not want to pay when that happens").
In NJ, gas prices were $0.20 lower than NY until the green-governor and legislature said it was "unfair" (to whom you may ask). In OH, gas prices are about $0.40 less than NJ, and $0.20 less than PA as OH has refineries and a pro-business government.
Unlike other countries, the US primarily relies upon state and local governments to fund road, bridge and tunnels.
With respect to "others may disagree" don't let facts get in the way. The United States "Federal" Income Tax is progressive, so much so that the top 5% pay over 40% of all Federal Income Tax, the top 20% pay 66% of all Federal Income Tax.
Not quite. The FED prints money which results in inflation. The average family ends up paying a larger percentage of their income in food and energy compared to the rich people.
IMO, you are simplifying complex histories and issues in both areas.
With regard to your first point, much of the existing highway (not just interstate) infrastructure was funded through not-insubstantial allocations of funds from the Federal Government. You might be familiar with "US Highway" designations"; the Federal Government contributed a substantial proportion of the funds to each state to build these highways. The Interstate Highway System was built with substantial contribution of Federal funds. For more detail, you can view the Congressional Research Service report on Federal highway funding, as well as a GAO Report, among others. Not directly relevant to your point, but supporting my point that the Federal Gas excise tax is too low, is this statement in the GAO report: "Because of inflation, the 18.4 cent-per-gallon federal tax on gasoline has about one-third less purchasing power than it did when the federal motor fuel tax was last raised in 1993." This fact has been repeated in many publications and contexts so its validity cannot be reasonably questioned, IMO.
With respect to your second issue, you focus exclusively on the Federal Income Tax. As one of the top 5% I am well aware that I pay much of the Federal Income Tax. But, what you fail to disclose is that the Federal Income Tax is but one of several other taxes imposed by the Federal Government, and for both the working poor as well as the "middle class," these taxes actually represent a greater burden than the Income Tax. Apart from the gas tax which we have been discussing, these taxes include Social Security, Medicare, telecommunications services tax, tobacco, and alcohol. I am not going to perform the research to demonstrate this, but feel free to do your own research from reputable sources. The Tax Policy Center concludes that overall, Federal Taxes are progressive, but individual Federal taxes are not.
Finally, with respect to the progressive nature of the Federal Income Tax, it retains that essential character (good), but its progressively has been reduced substantially by the combined efforts of the Executive and Congress since 1931. The Tax Foundation has a very interesting table showing changes in all brackets of the Federal Income Tax since 1862!
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