I guess the fuel tax amounts depend on which state one is located. The
federal tax is 18.5c and the state tax can be as high 41c Where I live
regular gas is $2.49, premium $2.69 and diesel is $2.99 ;)
wrote in message
Get real, motor fuels are one of the most competitive products the consume
uses. If the oil companies could control the price at the pump the price
would never go down. When you buy fuel witch station do you patronize, the
one that is 2c higher?
The Congress has invested the cost of fuel dozens of times. Have you ever
searched the Congressional Record for the results of those hearings? If you
did you would discover the results are always the same. The price changes
are driven by supply and demand.
The folks that set the price of crude are the commodities buyers.
As to Rendell the ONLY thing he has done since taking office has been raise
taxes on his constituency, the working man. He raised the gas tax 5c and
gave 80% of the money to Philadelphia. The nest thing he did was raise the
personal income tax 30%, just a few years after Governor Ridge lower the
tax. He is currently trying to add another 30c tax on fuel. He also wants
an 'excess' profits tax on the oil companies, whose profit margin is LOWER
than Wal-Mart. I doubt the Legislature will be that stupid, since it will
imply raise the cost of fuel
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