gas prices

[wazzel]

I forked out $3.55/gal this morning. I am ready to ditch my taurus and get something smaller with better gas milage. Problem is I have three kids so I need seating for 5 even though I am alone in the car 90% of the time. I am thinking a mazda 3 hatchback.

 

[Deacon_Blues]

It's not free it's pre-paid and non-refundable if you do not use it.

Shouldn't really start this discussion, but I'm extremely glad I don't have to pay hundreds of euros every time I need to see a doctor, not to mention if I needed surgery or so... I also rather pay the taxes instead of seeing homeless people on the streets. I think I've seen two or three in my town with 50000 people during the 4 years I've lived here. That's not much I think. The taxes are my contribution for a better society for people that might not be in as nice situation as I am.

My tax rate is 24%. I don't think that is very much compared to Sweden, for example...

 

[Bassic83]

OK- here is a chart of the last 6 years' worth of pump prices for 3 major cities and also the cost of crude per bbl. Note the sharp discrepancies toward the right side, where we are now. Oil prices are skyrocketing, gas prices are still actually kind of low, compared to the price of crude. Now, if this trend continues at the present rate, I'm seeing $10+ gas in two years. Who know where it'll be in 3 years? $20/gal? $25/gal? $50/gal?

Get ready. It's coming. And it's going to eat you alive.

 

[mike_v_s]

My tax rate is 24%. I don't think that is very much compared to Sweden, for example...

Our tax rate (imbedded and all) is in the low 20's also. I'd rather not add to that until they start using the current funds more responsibly.

Mike

 

[Bassic83]

My tax rate is 24%. I don't think that is very much compared to Sweden, for example...

Think again. That's your Federal rate. Your real-world rate is far higher. Think about the hidden taxes. Things like excise taxes on tires. Federal gasoline tax. State taxes. Penalty taxes if you try to use your own money out of your 401k. Alcohol taxes. Cigarette taxes. Property taxes. School taxes. Sales taxes.
I think that, if you add them all up, you'll find that you are a lot closer to 45% than you realize.

 

[Deacon_Blues]

Some years back, in the early 00s, the prices were really high as well, not as high as now but anyway. Then, they went down again and stayed rather low for a few years. I can see the price getting up to 2 €/l (from current 1.50) in a couple of years, but I don't think I'll see 3€/l within the next 5 years. Perhaps within 10 or 15 years. Who knows... Let's wait and see...

 

[Marcus Johnson]

I forked out $3.55/gal this morning.

Wow. I'd be filling every gas can I own at that price.

 

[NJL]

we have a 3.49 in town today... by my house, it's 3.69..

 

[NJL]

Think again. That's your Federal rate. Your real-world rate is far higher. Think about the hidden taxes. Things like excise taxes on tires. Federal gasoline tax. State taxes. Penalty taxes if you try to use your own money out of your 401k. Alcohol taxes. Cigarette taxes. Property taxes. School taxes. Sales taxes.
I think that, if you add them all up, you'll find that you are a lot closer to 45% than you realize.

please stop, you're making my lunch start to come back up!

 

[Deacon_Blues]

Think again. That's your Federal rate. Your real-world rate is far higher. Think about the hidden taxes. Things like excise taxes on tires. Federal gasoline tax. State taxes. Penalty taxes if you try to use your own money out of your 401k. Alcohol taxes. Cigarette taxes. Property taxes. School taxes. Sales taxes.
I think that, if you add them all up, you'll find that you are a lot closer to 45% than you realize.

Yes there's taxes on everything, but I'm talking tax on income here, not on stuff I buy or own. If I add up everything, I think I'm up in the range 30-40 %, but not much more than that I think (based on some quick calculations in my head).

 

[MakiSupaStar]

4.03 in California.

 

[Lammchop93]

Just heard that it's up to $3.95 in Louisville.:scowl:

 

[Marcus Johnson]

4.03 in California.

Actually, you guys (and a few other states) have officially passed us up as the most expensive in Amerika. We're still doing our part here in Maui County, about $4.25 in town, and pushing five bucks in the outlying areas like Hana, and Moloka'i and Lana'i. But the other islands are right about where you are.

 

[Implosion]

It's not free it's pre-paid and non-refundable if you do not use it.

Well that's true but it gives everyone a equal chance even if you or your parents haven't got the money (but of course you have to pass the entrance examination to get in). Also we don't have to take expensive medical insurances which also are basically non-refundable if you don't need to use 'em ever. But I have to say that both arrangements have their benefits.

Think again. That's your Federal rate. Your real-world rate is far higher. Think about the hidden taxes. Things like excise taxes on tires. Federal gasoline tax. State taxes. Penalty taxes if you try to use your own money out of your 401k. Alcohol taxes. Cigarette taxes. Property taxes. School taxes. Sales taxes.
I think that, if you add them all up, you'll find that you are a lot closer to 45% than you realize.

Yes there's taxes on everything, but I'm talking tax on income here, not on stuff I buy or own. If I add up everything, I think I'm up in the range 30-40 %, but not much more than that I think (based on some quick calculations in my head).

It's actually higher than 30-40%. In Finland the sales tax is 22%. Our high gas prices are also the result of high taxes because 75% of the gas price is taxes, but I still like living here

 

[Hawaii Islander]

$3.90/gal in Hilo, HI for regular. Super is $4.12/gal.

 

[peterbright]

Wait until summer & then you are really going to complain.

 

[WRBass]

Think again. That's your Federal rate. Your real-world rate is far higher. Think about the hidden taxes. Things like excise taxes on tires. Federal gasoline tax. State taxes. Penalty taxes if you try to use your own money out of your 401k. Alcohol taxes. Cigarette taxes. Property taxes. School taxes. Sales taxes.
I think that, if you add them all up, you'll find that you are a lot closer to 45% than you realize.

You also have to include the taxes that corporations have to pay, that get passed on to us in higher prices. Being that this is a discussion about gasoline, we can use an oil company for an example. Exxon pays 41% of it's taxable income in taxes to the federal government. Being that they are a publicly owned company their stock holders (people who have mutual funds, retirement and pension plans) are not going to be happy with a 40% loss. So, Exxon will pass that cost on to us at the pump.

Like Reagan said: "Government is not a solution to our problem, government is the problem."

 

[Bass Boy]

Like Reagan said: "Government is not a solution to our problem, government is the problem."

How ironic!

 

[wazzel]

Shouldn't really start this discussion, but I'm extremely glad I don't have to pay hundreds of euros every time I need to see a doctor, not to mention if I needed surgery or so... I also rather pay the taxes instead of seeing homeless people on the streets. I think I've seen two or three in my town with 50000 people during the 4 years I've lived here. That's not much I think. The taxes are my contribution for a better society for people that might not be in as nice situation as I am.

My tax rate is 24%. I don't think that is very much compared to Sweden, for example...

No problem. We can discuss this somewhere elese if you like. If not that is good too.

 

[amos]

My car takes premium $4.00/gal. Today I had to drive ten miles on my way home before I found a place below $3.90/gal for 92 octane. The other fun thing is that now 10% ethanol is federal law now.