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Author	Topic: Gas-Price Rise Fueled By Taxes	Post a Reply Back to Topics

beta11 Rookie Author Illinois Posts:3 Points:645,610 Joined:Feb 2011	Message Posted: Feb 20, 2013 6:43:20 PM Ignore beta11 Report Abuse The price for a gallon of gasoline is up 45 cents in the past four weeks. Gas has now risen 33 days in a row, says AAA. Rising prices come even as the U.S now produces more than half of the oil it consumes, with last year the largest one-year production jump ever. So why the gas price spike? It’s not just speculators, nor the summer blend switch, nor even refinery logjams. A big reason: taxes. Closely-watched crude inventories in the Gulf Coast declined by 12.5 million barrels in December, 50% above the 31-year average, says the U.S. Energy Information Administration, a unit of the U.S. Department of Energy. That drop helped drive gas prices higher, some oil traders say. Visit Fox Business for full article

beta11

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Illinois

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Message Posted: Feb 20, 2013 6:43:20 PM

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The price for a gallon of gasoline is up 45 cents in the past four weeks. Gas has now risen 33 days in a row, says AAA.

Rising prices come even as the U.S now produces more than half of the oil it consumes, with last year the largest one-year production jump ever. So why the gas price spike?

It’s not just speculators, nor the summer blend switch, nor even refinery logjams.

A big reason: taxes.

Closely-watched crude inventories in the Gulf Coast declined by 12.5 million barrels in December, 50% above the 31-year average, says the U.S. Energy Information Administration, a unit of the U.S. Department of Energy. That drop helped drive gas prices higher, some oil traders say.
Visit Fox Business for full article

REPLIES (newest first)Ignore Short Messages

amerk73 Champion Author Dallas Posts:7,053 Points:1,622,015 Joined:Oct 2008	Message Posted: Feb 21, 2013 1:35:18 AM Ignore amerk73 Report Abuse tax created pay your gas
zoomer20 Sophomore Author Indiana Posts:231 Points:263,050 Joined:Apr 2012	Message Posted: Feb 21, 2013 12:31:48 AM Ignore zoomer20 Report Abuse Fox News... I've said enough.
AKmailman Champion Author Alaska Posts:5,638 Points:1,558,540 Joined:Jul 2004	Message Posted: Feb 20, 2013 9:54:12 PM Ignore AKmailman Report Abuse I could have believed this IF the source was anything other than DOE
Bigoilscamsus20 Sophomore Author Detroit Posts:200 Points:15,320 Joined:Jan 2013	Message Posted: Feb 20, 2013 9:43:08 PM Ignore Bigoilscamsus20 Report Abuse What your really saying is that Big oil manipulates the industry for their gain! Well that is something that we all new! Know we need Congress to get involved and put price and profit controls on all petroleum products in America! Congress needs to hear the cry of the people and stop big oil from extorting huge profits from the American consumer! Big Oil uses eminent domain to build pipelines throughout the country for the good of the nation and the government could put price and profit controls on all fuel for the good of the nation!
Mystikal1 Sophomore Author Akron Posts:229 Points:603,230 Joined:May 2011	Message Posted: Feb 20, 2013 9:21:06 PM Ignore Mystikal1 Report Abuse Since when did Faux News begin reporting the truth? Look what they did to Brother Mitt.
esq262 Champion Author Asheville Posts:2,907 Points:649,465 Joined:Jul 2011	Message Posted: Feb 20, 2013 9:12:19 PM Ignore esq262 Report Abuse Just stick it to the midde class.
vjs3 Champion Author Denver Posts:2,541 Points:650,665 Joined:Jun 2011	Message Posted: Feb 20, 2013 9:00:45 PM Ignore vjs3 Report Abuse Will the taxes truly be used properly?
Tekkersmom57 Champion Author Syracuse Posts:1,883 Points:701,845 Joined:May 2010	Message Posted: Feb 20, 2013 8:49:40 PM Ignore Tekkersmom57 Report Abuse This article is just trying to confuse us for why the price of gas is going up. The first answer....speculators....is the true answer. They are buying oil just on paper and speculating the price will rise so that they can continue to make their stellar profits....no fooling us.....we REALLY know why!!!!!
mandoid Champion Author Colorado Springs Posts:7,306 Points:1,528,025 Joined:May 2008	Message Posted: Feb 20, 2013 8:49:06 PM Ignore mandoid Report Abuse shoot the messenger - if this article had been on CNN or MSNBC you would belive it?
GarRafFra Sophomore Author Worcester Posts:167 Points:16,150 Joined:Jan 2013	Message Posted: Feb 20, 2013 8:46:22 PM Ignore GarRafFra Report Abuse Taxes we really can use if properly allocated.
TomT2Lee Champion Author Cincinnati Posts:5,357 Points:1,597,980 Joined:Sep 2005	Message Posted: Feb 20, 2013 8:32:57 PM Ignore TomT2Lee Report Abuse Yabba, yabba, yabba...
YumaFellow Champion Author Arizona Posts:1,290 Points:622,595 Joined:Jan 2011	Message Posted: Feb 20, 2013 8:31:22 PM Ignore YumaFellow Report Abuse The usual Fox garbage!. Gas prices have gone up for a variety of reasons, and the tax they are talking about have been around for years. So why are prices spiking this year when they have not in previous years? This is a specious argument. Another Fox lie.
davenles Champion Author Texas Posts:3,201 Points:719,635 Joined:May 2011	Message Posted: Feb 20, 2013 8:27:51 PM Ignore davenles Report Abuse Any reason is a good reason.
BluWahoo Champion Author Pensacola Posts:3,113 Points:379,690 Joined:Mar 2012	Message Posted: Feb 20, 2013 8:07:20 PM Ignore BluWahoo Report Abuse Need fuel tax for roads and highway repairs.
lonewolf_947 Champion Author New Hampshire Posts:1,285 Points:576,820 Joined:Mar 2011	Message Posted: Feb 20, 2013 7:44:33 PM Ignore lonewolf_947 Report Abuse Nothing new..........hidden or built in taxes are something we'll all have to cope with..........Trouble is that it just gets higher & higher.........too bad our wages don't go up as fast a gas prices...........
YaBassa Champion Author Michigan Posts:2,435 Points:517,325 Joined:Nov 2011	Message Posted: Feb 20, 2013 7:15:52 PM Ignore YaBassa Report Abuse FauxNews BS
dh0770 Champion Author Colorado Posts:6,987 Points:672,460 Joined:Jun 2011	Message Posted: Feb 20, 2013 7:11:40 PM Ignore dh0770 Report Abuse Whatever manipulated excuses they want to use!
mastermariner Champion Author Texas Posts:4,248 Points:494,780 Joined:Jun 2011	Message Posted: Feb 20, 2013 7:11:07 PM Ignore mastermariner Report Abuse Who do you think is going to maintain the roads, "the tooth fairy"
humblepie Champion Author Toledo Posts:34,252 Points:2,372,345 Joined:Mar 2006	Message Posted: Feb 20, 2013 7:07:27 PM Ignore humblepie Report Abuse gas is up a dollar here since new years day