Future Fuel prices & Taxes

ceccil wrote:Regular unleaded went from $1.64 to $1.69 Saturday here. Did anyone see the news report about the new taxes being proposed? Seems that they are not collecting enough tax on fuel to maintain the highways (maintain? whats that?) due to the slowdown in fuel sales. Now they are proposing to create a milage tax based on the # of miles driven per year. Now your going to be taxed on the fuel that you buy and the miles you drive.

Jeff

I think my odometer just broke .

ceccil wrote:Regular unleaded went from $1.64 to $1.69 Saturday here. Did anyone see the news report about the new taxes being proposed? Seems that they are not collecting enough tax on fuel to maintain the highways (maintain? whats that?) due to the slowdown in fuel sales. Now they are proposing to create a milage tax based on the # of miles driven per year. Now your going to be taxed on the fuel that you buy and the miles you drive.

Jeff

NOW EVEN MORE INCENTIVE NOT TO DRIVE!
Wanna bet it will then be siphoned off for reelection pork with very little actually going to maintenance? They have a one track mind: POWER/CONTROL

I believe I'm having odometer issues myself!

I think this will be a slow increase up to Jan. 20th when the media's golden boy gets inaugurated. Once he's in, his administration is going to have their way with you & your wallets We'll be back up to $4/gallon & it'll be all in taxes. This is just a little taste.......it'll be slow......at first..... and then.......

Prepare TO TAKE IT! Get ready for a financial beating & raping! . . This will appease his supporters by fist-forcing conservation!

Odometer issues won't mater because some of the articles have stated that they will use satellite tracking.

Secondly, I know it will require your own research, and that most people don't have the time but here is a site that in my mind confirms that it is not speculation but demand destruction which has caused the volatility in oil prices. Some could maintain that oil prices are manipulated and that the following site is just part of that manipulation. I've been sitting on the fence for some time but mostly I lean toward the peak oil side. The entire world economy runs on energy. It's been said that oil gives each American the equivalent of thirteen slaves that you do not have to feed or care for in terms of BTU. The typical family of four has fiftytwo slaves within their household thanks to oil. A traipse through our economic history will easily prove out that high oil prices always precipitate economic ruin in varying degrees. This one will be a doosey.

http://members.home.nl/peakoil/facts.html


Hard core psycho peakoiler? I have to wonder just how close the following site can be to our current reality.

http://www.lifeaftertheoilcrash.net/

Here in Penna.the fuel tax revenues are down by millions we are told. For once Penna. is ahead of the curve and as of today the fares on the Pa. Turnpike are up 25%,one shot. Every year will see an additional 3% rise in tolls,it is already built into the toll schedule. If it replaces lost tax revenue ,name it what you will ,but I call it yet another form of tax. I will not hold my breath for the rise to be recinded when the price of gasolene goes back up to 4 bucks the gallon. If I did they would have to give me oxygen, and I can't afford that either.

Even stock analysts on CNBC are advocating additional fuel taxes to keep the price up to force conservation and investment in more efficient fuel use. It took me by surprise coming from those people. They advocate reduced taxes on capital gains and dividends but are pushing additional taxes on fuel use. Sign of things to come I guess.

Here is a recent article regarding tax cuts proposed by the incoming administration. There may be increases in the future, but it looks as if his advisory board is not puching for additional fuel taxes at this time.

http://money.cnn.com/2009/01/05/news/ec ... 2009010505

Why is it gas prices go up so much faster than they go down ? They jumped $.07 today around here $1.75. They still never got down to the prices they should have been .

I agree with flyer5 gas prices go up with a phone call, they don`t even wait for the higher priced shipment. If the price is on the upswing it`s sometimes twice a day. If the price is on it`s way down they say there`s higher priced gas in storage tanks & pipelines but they never have lower priced gas in them.

samhill wrote:I agree with flyer5 gas prices go up with a phone call, they don`t even wait for the higher priced shipment. If the price is on the upswing it`s sometimes twice a day. If the price is on it`s way down they say there`s higher priced gas in storage tanks & pipelines but they never have lower priced gas in them.

Funny how that works

billw wrote:Even stock analysts on CNBC are advocating additional fuel taxes to keep the price up to force conservation and investment in more efficient fuel use. It took me by surprise coming from those people. They advocate reduced taxes on capital gains and dividends but are pushing additional taxes on fuel use. Sign of things to come I guess.

The fix is in.