Not Logged In Log In   Sign Up   Points Leaders
Follow Us    3:30 AM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Gas-Price Rise Fueled By Taxes Back to Topics
beta11
Rookie Author
Illinois

Posts:3
Points:1,201,360
Joined:Feb 2011
Message Posted: Feb 20, 2013 6:43:20 PM

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) Post a Reply
amerk73
Champion Author Dallas

Posts:10,244
Points:2,396,120
Joined:Oct 2008
Message Posted: Feb 21, 2013 1:35:18 AM

tax created pay your gas
zoomer20
Veteran Author Indiana

Posts:278
Points:439,040
Joined:Apr 2012
Message Posted: Feb 21, 2013 12:31:48 AM

Fox News... I've said enough.
AKmailman
Champion Author Alaska

Posts:8,889
Points:2,328,320
Joined:Jul 2004
Message Posted: Feb 20, 2013 9:54:12 PM

I could have believed this IF the source was anything other than DOE
Bigoilscamsus20
Veteran Author Detroit

Posts:307
Points:30,210
Joined:Jan 2013
Message Posted: Feb 20, 2013 9:43:08 PM

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
Veteran Author Akron

Posts:399
Points:1,315,180
Joined:May 2011
Message Posted: Feb 20, 2013 9:21:06 PM

Since when did Faux News begin reporting the truth? Look what they did to Brother Mitt.
esq262
Champion Author Asheville

Posts:5,866
Points:1,409,035
Joined:Jul 2011
Message Posted: Feb 20, 2013 9:12:19 PM

Just stick it to the midde class.
vjs3
Champion Author Denver

Posts:3,838
Points:1,331,515
Joined:Jun 2011
Message Posted: Feb 20, 2013 9:00:45 PM

Will the taxes truly be used properly?
Tekkersmom57
Champion Author Syracuse

Posts:5,091
Points:1,470,530
Joined:May 2010
Message Posted: Feb 20, 2013 8:49:40 PM

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 Alabama

Posts:10,496
Points:2,267,355
Joined:May 2008
Message Posted: Feb 20, 2013 8:49:06 PM

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

Taxes we really can use if properly allocated.

TomT2Lee
Champion Author Cincinnati

Posts:6,503
Points:2,038,375
Joined:Sep 2005
Message Posted: Feb 20, 2013 8:32:57 PM

Yabba, yabba, yabba...
YumaFellow
Champion Author Arizona

Posts:4,457
Points:1,341,175
Joined:Jan 2011
Message Posted: Feb 20, 2013 8:31:22 PM

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:6,413
Points:1,493,560
Joined:May 2011
Message Posted: Feb 20, 2013 8:27:51 PM

Any reason is a good reason.
BluWahoo
Champion Author Pensacola

Posts:62,926
Points:1,155,920
Joined:Mar 2012
Message Posted: Feb 20, 2013 8:07:20 PM

Need fuel tax for roads and highway repairs.
lonewolf_947
Champion Author New Hampshire

Posts:1,482
Points:644,235
Joined:Mar 2011
Message Posted: Feb 20, 2013 7:44:33 PM

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:5,678
Points:1,293,125
Joined:Nov 2011
Message Posted: Feb 20, 2013 7:15:52 PM

FauxNews BS
dh0770
Champion Author Colorado

Posts:6,987
Points:675,810
Joined:Jun 2011
Message Posted: Feb 20, 2013 7:11:40 PM

Whatever manipulated excuses they want to use!
mastermariner
Champion Author Texas

Posts:13,327
Points:1,245,090
Joined:Jun 2011
Message Posted: Feb 20, 2013 7:11:07 PM

Who do you think is going to maintain the roads, "the tooth fairy"
humblepie
Champion Author Toledo

Posts:63,752
Points:3,149,920
Joined:Mar 2006
Message Posted: Feb 20, 2013 7:07:27 PM

gas is up a dollar here since new years day
Post a reply Back to Topics