Comments on: Texas Tea http://incredipete.com/archives/319 The Republic will endure until Congress finds it can bribe the public with the public's money. - Alexis de Tocqueville Mon, 15 Mar 2010 23:48:16 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Greg http://incredipete.com/archives/319/comment-page-1#comment-7236 Greg Tue, 02 May 2006 16:29:39 +0000 http://incredipedro.com/archives/319#comment-7236 You forgot to mention that while oil companies make $0.23 per gallon on gas, spread out accross the station owner, refiner, driller, scheduler, etc. The average tax on gasoline is $0.46 per gallon (ridiculously more in California). Also, the reason oil companies are profiting more now than in the last 10 years is because now the price of oil makes it cost effective to drill in mare places. So now the oil companies can drill and charge the market rate for oil in more places, rather than limiting themselves to a few cost effective drilling areas and making a small profit on refining the oil purchased from other outlets. Just something I picked up on while learning the basics of our economy. Something far to few people decided to do in college. You forgot to mention that while oil companies make $0.23 per gallon on gas, spread out accross the station owner, refiner, driller, scheduler, etc. The average tax on gasoline is $0.46 per gallon (ridiculously more in California).

Also, the reason oil companies are profiting more now than in the last 10 years is because now the price of oil makes it cost effective to drill in mare places. So now the oil companies can drill and charge the market rate for oil in more places, rather than limiting themselves to a few cost effective drilling areas and making a small profit on refining the oil purchased from other outlets.

Just something I picked up on while learning the basics of our economy. Something far to few people decided to do in college.

]]> By: pete http://incredipete.com/archives/319/comment-page-1#comment-7231 pete Fri, 28 Apr 2006 15:58:32 +0000 http://incredipedro.com/archives/319#comment-7231 You got it, babe! You got it, babe!

]]> By: Andria http://incredipete.com/archives/319/comment-page-1#comment-7230 Andria Fri, 28 Apr 2006 15:49:54 +0000 http://incredipedro.com/archives/319#comment-7230 As long as people keep buying cars that require an extra vehicle to carry its gas tank, the oil companies are going to keep jerking off while they raise the gas prices (and give each other $400 million retirement deals - I hope that guy takes that money and gets a WHOLE NEW FACE - yikes). It's supply and demand. I hate that it costs me $30 to fill up my stupid Corolla, but I'm not walking to work anytime soon. As long as people keep buying cars that require an extra vehicle to carry its gas tank, the oil companies are going to keep jerking off while they raise the gas prices (and give each other $400 million retirement deals – I hope that guy takes that money and gets a WHOLE NEW FACE – yikes). It’s supply and demand. I hate that it costs me $30 to fill up my stupid Corolla, but I’m not walking to work anytime soon.

]]>