Some gas stations are starting to charge $5-a-gallon

[moostraks]

http://content.usatoday.com/communities/driveon/post/2011/04/some-gas-stations-are-starting-to-charge-5-a-gallon/1


"Those $5-a-gallon prices are far cry from the national average, which stands at $3.818 a gallon nationally on average, according to AAA's daily price track. And they are far more than the previous highest average for price of gallon, $4.14 a gallon set in July, 2008. At the rate they are going, we could see a lot more $5 a gallon stations by next week."

Thought I'd pass this along as a heads up...

[moostraks]

Report: More States Expected to Pay $4 Per Gallon for Gas Soon

Read more: http://www.foxnews.com/us/2011/04/17/report-states-paying-4-gallon-gas-number-soon/#ixzz1JobFdtgZ


"Motorists in five states are paying more than $4 a gallon for gasoline, and New York could be joining the list this week, MyFoxNY.com reports.

Alaska, California, Connecticut, Hawaii and Illinois already have pump prices above $4, according to AAA’s Daily Fuel Gauge, with Hawaii paying the highest at $4.47 per gallon. The New York average is $3.996."

[LiveFree79]

Hey it's the free market and basic capitalism. Why are you all bitching about gas prices? Makes no sense. In fact there should be one big private corporation that controls the world's oil and gas and can charge everyone whatever they want. Hell they could charge $5000 dollars per barrel as far as Im concerned. That's the free market at work. Supply and demand. They can cut the production in half i.e. control supply and artificially increase demand. Sounds awesome. And instead of worrying about paying $20 per gallon of gas things will equal out because we can all invest in the privately held company in the form of stocks and dividends. So we should make enough money to afford this inconvienence no? LMAO!

[eduardo89]

Still cheap compared to gas here in Spain, it's about $8 a gallon

[eduardo89]

Hey it's the free market and basic capitalism. Why are you all bitching about gas prices? Makes no sense. In fact there should be one big private corporation that controls the world's oil and gas and can charge everyone whatever they want. Hell they could charge $5000 dollars as far as Im concerned. That's the free market at work.

Cartels, regulations, mandates...not really free markets

[MelissaWV]

Hey it's the free market and basic capitalism. Why are you all bitching about gas prices? Makes no sense. In fact there should be one big private corporation that controls the world's oil and gas and can charge everyone whatever they want. Hell they could charge $5000 dollars per barrel as far as Im concerned. That's the free market at work. Supply and demand. They can cut the production in half i.e. control supply and artificially increase demand. Sounds awesome. And instead of worrying about paying $20 per gallon of gas things will equal out because we can all invest in the privately held company in the form of stocks and dividends. So we should make enough money to afford this inconvienence no? LMAO!

How much of that "free market" gas price goes towards paying taxes and the cost of doing business? Are you really just here to troll lately?

[moostraks]

Hey it's the free market and basic capitalism. Why are you all bitching about gas prices? Makes no sense. In fact there should be one big private corporation that controls the world's oil and gas and can charge everyone whatever they want. Hell they could charge $5000 dollars per barrel as far as Im concerned. That's the free market at work. Supply and demand. They can cut the production in half i.e. control supply and artificially increase demand. Sounds awesome. And instead of worrying about paying $20 per gallon of gas things will equal out because we can all invest in the privately held company in the form of stocks and dividends. So we should make enough money to afford this inconvienence no? LMAO!

1. How in the world is a heads up bitching?
2. Oil is not a free market operation...

[eduardo89]

Are you really just here to troll lately?


Pretty much.

[eduardo89]

And instead of worrying about paying $20 per gallon of gas things will equal out because we can all invest in the privately held company in the form of stocks and dividends. So we should make enough money to afford this inconvienence no? LMAO!

How do you invest in a dividend?

[aGameOfThrones]

Are states increasing gas tax too? If so, how much?

[moostraks]

Are states increasing gas tax too? If so, how much?

Some states have a sales tax along with a per gallon tax. So if the total price goes up then that would increase the revenue collected...

[Chester Copperpot]

Hey it's the free market and basic capitalism. Why are you all bitching about gas prices? Makes no sense. In fact there should be one big private corporation that controls the world's oil and gas and can charge everyone whatever they want. Hell they could charge $5000 dollars per barrel as far as Im concerned. That's the free market at work. Supply and demand. They can cut the production in half i.e. control supply and artificially increase demand. Sounds awesome. And instead of worrying about paying $20 per gallon of gas things will equal out because we can all invest in the privately held company in the form of stocks and dividends. So we should make enough money to afford this inconvienence no? LMAO!

This is the 2nd post I remember seeing from you.. In the other you were bitching about the oathkeepers...

Are you just some asshole that hates ron paul?

[Cowlesy]

I have an ETF that tracks RBOB as a hedge against rises in the cost of gasoline. Has worked out fairly well so far for about 0.9% a year since 2008.

[doodle]

It's predictable though, more arab countries we bomb, more they raise the oil prices to screw everyone collectively.

This one is on Obama. Russia and other oil exporters, wall street hedgers/traders also get a free ride and not just arabs.

[aGameOfThrones]

Some states have a sales tax along with a per gallon tax. So if the total price goes up then that would increase the revenue collected...

Nothing like getting screwed twice by the government, eh?

[eduardo89]

Nothing like getting screwed twice by the government, eh?

Like in Quebec, where they add the provincial sales tax ON the federal sales tax...

[DamianTV]

Hey it's the free market and basic capitalism. Why are you all bitching about gas prices? Makes no sense. In fact there should be one big private corporation that controls the world's oil and gas and can charge everyone whatever they want. Hell they could charge $5000 dollars per barrel as far as Im concerned. That's the free market at work. Supply and demand. They can cut the production in half i.e. control supply and artificially increase demand. Sounds awesome. And instead of worrying about paying $20 per gallon of gas things will equal out because we can all invest in the privately held company in the form of stocks and dividends. So we should make enough money to afford this inconvienence no? LMAO!

Do you know what a Monopoly is? Did you also know that there are FEWER Oil Refineries than there were in 1975?

[emazur]

Are states increasing gas tax too? If so, how much?

Seems to me that if gas prices go up, gas taxes should go down. If the roads could be maintained at say a 20% tax with prices at three to four dollars a gallon, where is the extra money they are collecting on $5/gallon going to? Down the rat-hole, most likely

[mrsat_98]

http://www.law.cornell.edu/uscode/4/104.html

§ 104. Tax on motor fuel sold on military or other reservation 1 reports to State taxing authority
How Current is This?
(a) All taxes levied by any State, Territory, or the District of Columbia upon, with respect to, or measured by, sales, purchases, storage, or use of gasoline or other motor vehicle fuels may be levied, in the same manner and to the same extent, with respect to such fuels when sold by or through post exchanges, ship stores, ship service stores, commissaries, filling stations, licensed traders, and other similar agencies, located on United States military or other reservations, when such fuels are not for the exclusive use of the United States. Such taxes, so levied, shall be paid to the proper taxing authorities of the State, Territory, or the District of Columbia, within whose borders the reservation affected may be located.
(b) The officer in charge of such reservation shall, on or before the fifteenth day of each month, submit a written statement to the proper taxing authorities of the State, Territory, or the District of Columbia within whose borders the reservation is located, showing the amount of such motor fuel with respect to which taxes are payable under subsection (a) for the preceding month.
(c) As used in this section, the term “Territory” shall include Guam.