Re: Price of gas to skyrocket soon

On Sat, 10 May 2008 12:57:20 -0400, Governor Swill
<governor.swill@[EMAIL PROTECTED]
> wrote:

>Starkiller <NoSpam.SKS_SKanz@[EMAIL PROTECTED]
> used a stick in the sand to
>babble
>>Folks in Venezuela, Iran, Kuwait etc pay only pennies a gallon because
>>their countries produce more oil than they can use themselves.
>>The nations that have the higher gasoline prices are those that im****t
>>a lot, sometimes all of their oil.  If the US didn't produce 40% of
>>it's own oil you'd have seen $4 a gallon gas a long while back.
>>The US enjoyed cheap gas for decades because it was a major producer
>>of oil for a long time.  We pumped more than we could use and sold the
>>excess for years.
>
>But mostly because we didn't tax it.
>
>Swill

In 1965 gasoline sold for an average of around 32 cents per gallon.
Of that, 4 cents was federal tax and the state taxes ranged from 4 to
8 cents.  Typically it tended to be more toward the 8 cent range.
In regards to percentage of the price at the pump it was actually
taxed more then than now.
Hell I remember my grandfather complaining back then about how you
were paying almost as much in the tax as the gas cost by itself.  
If they had maintained the gasoline tax based on that percentage of
the price rather than a fixed amount per unit sold then today you'd be
looking at close to a dollar a gallon in taxes as opposed to the 30 to
40 cents everyone is so chatty about these days.



Regards


Starkiller