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09-13-2010, 07:45 PM | #19 | |
Only Happy When it Rains
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Quote:
The volatility isn't that big a deal, although that is caused by fools and wise men betting on the future price, legalized gambling of the stock market. And that is just nuts, but that is the system we have, for better or usually for much, much worse.
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Colin Chapman disciple |
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09-14-2010, 11:13 AM | #20 | |
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http://gasbuddy.com/Tax_Info.aspx With all the revenue generated in gas taxes, there's still plenty of potholes and roads that need to be addressed. |
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09-14-2010, 12:45 PM | #21 |
Drives: 09 3dr LB MT Join Date: Aug 2009
Location: Lehigh Valley, PA
Posts: 681
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There always will be just due to the simple factor of how many cars are on the roads these days. The more road/bridge is used, the sooner it needs repairs.
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2009 3dr LB MT Meteorite Metalic. Car bought 8/7/09. Now over 89k miles of trouble free driving, other than user error!! |
09-14-2010, 01:21 PM | #22 |
A diesel yaris?!
Drives: 2010 UK Black Yaris HB Join Date: Jul 2010
Location: England, UK
Posts: 19
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Be thankful you don't live in the UK.
1 US Gallon of Petrol costs on average £4.56 ($7!!!) The UK yaris will do 54 imperial-mpg which is around 45.8 us-mpg combined though. But our insurance is also heavily taxed. I pay £2900 for insurance on my UK yaris which is roughly $4500. Just for insurance! Around 20% of this is tax. On top of all this there is road tax varying from £20 - £955 dependant on CO2 emissions. (Luckily the yaris will only set you back £30($45) here) And on top of this, we still have motorway(highway) toll roads! The vehicle tax is also huge. The standard UK yaris has a 1.33L engine and 101bhp and costs £11200 OTR. ($17350!!) And our streets aren't exactly "perfect" either.. |
09-14-2010, 06:48 PM | #23 | |
Only Happy When it Rains
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Of course the Brits are starting to go in the right direction to, while we go in the opposite. You'd think our leaders would take a look at what they've been doing, and learn from their mistakes, but nope!
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Colin Chapman disciple |
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09-15-2010, 10:53 AM | #24 |
Drives: '08 Hatch Join Date: Oct 2008
Location: Central PA
Posts: 43
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In theory, it should not matter, as the taxes on gasoline/road diesel would be proportional to the number of vehicles on the road and the amount of damage they cause. A small vehicle that does less damage also burns less fuel. The problem is not that there are too many cars, but that the tax money goes into a "general fund" where it is impossible to determine where the money came from and thus what it should be used for. It would be great if those "representatives" in the various governments would make a law that all tax revenue that is earmarked for a certain use goes into a specific account that can be accessed only for those uses. However, this will probably never happen because it makes pork-barrel that much more difficult.
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09-15-2010, 01:39 PM | #25 | |
Steals terrorist's lunch
Drives: 2007 Yaris Liftback Join Date: Mar 2007
Location: Reno, Nevada, USA
Posts: 1,299
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Quote:
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- Brian Share the Road I often carry 2 carpool passengers and mountain bikes or snowboards/skis over a 4,500 foot elevation difference. Click the graphic above to see my detailed mileage logs. |
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09-15-2010, 02:02 PM | #26 |
Drives: yaris1.33 Join Date: Jul 2010
Location: slovakia
Posts: 425
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I think that is still not so much 3 dollars a gallon means that each liter cost app. $0.8 cents I pay in Slovakia 1.3 euro for liter which is 1.7 dollars so do not complain because you have still cheaper gas then in whole europe :(
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09-15-2010, 02:41 PM | #27 |
Drives: yaris sedan 09 Join Date: Jan 2010
Location: Quebec/Montreal
Posts: 46
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here in Montreal is average of 1.07$/liters
if I check by toyota yaris 42 liters/11 gallons is 1gallons= 3.8 liters 1.07$ X 3.8=4.06$/gallons I dont know if good or not but 7years ago when a start to drive wee pay 0.79$/liters=3.00$/gallons and during the winter/long week-end/christmans a lot of reason to make the price going up to 1.20$/liters easy or 4.56$ gallons here we have no taxes on the road or tolls fees, |
09-15-2010, 03:18 PM | #28 | ||
Only Happy When it Rains
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Quote:
You think these people would know how to think, and realize that if no one is buying it no one would be paying the absurd taxes.
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Colin Chapman disciple |
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09-15-2010, 03:48 PM | #29 |
Drives: yaris1.33 Join Date: Jul 2010
Location: slovakia
Posts: 425
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why? you are right the taxation is horrible here but what can you do :(
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09-15-2010, 04:05 PM | #30 | |
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09-15-2010, 07:52 PM | #31 | ||
Only Happy When it Rains
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And the cars are taxed like crazy as well. I forget what it is, but it is usually 1 tax based on engine displacement, another on car size, and sometimes some other ones as well. All due every single year. Not sure any of our European friends have really mentioned all the car based taxes they pay. Now the public transportation? That is awesome.
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Colin Chapman disciple |
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09-15-2010, 11:53 PM | #32 |
Hooch Brewer-Shine Sipper
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I remember paying Road Tax when I lived in England. Don't remember what it was, but I do remember that I thought it was too much...every year.
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09-16-2010, 12:27 AM | #33 |
Drives: Yaris 5 door liftback Join Date: Jan 2009
Location: Portland, OR
Posts: 648
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"The cost to produce a gallon of gas is about $.90"
http://books.google.com/books?id=NcH...%3F%22&f=false |
09-16-2010, 12:58 AM | #34 |
Drives: Yaris 5 door liftback Join Date: Jan 2009
Location: Portland, OR
Posts: 648
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Some quotes on profits taken from a longer article:
http://www.arabianoilandgas.com/arti...l-companies/3/ World's 10 largest publicly traded oil companies by Kevin Baxter on Apr 19, 2009 numbers in billions $ 1. Royal Dutch Shell (Netherlands) Sales: 458.36 Profits: 26.28 Assets: 278.44 Market value: 135.10 2. ExxonMobil (United States) Sales: 425.70 Profits: 45.22 Assets: 228.05 Market value: 335.54 3. BP (United Kingdom) Sales: 361.14 Profits: 21.16 Assets: 228.24 Market value: 119.70 4. Chevron (United States) Sales: 255.11 Profits: 23.93 Assets: 161.17 Market value: 121.70 5. Total (France) Sales: 223.15 Profits: 14.74 Assets: 164.66 Market value: 112.90 6. Gazprom (Russia) Sales: 97.29 Profits: 26.78 Assets: 276.81 Market value: 74.55 7. PetroChina (China) Sales: 114.32 Profits: 19.94 Assets: 145.14 Market value: 270.56 8. ENI (Italy) Sales: 158.32 Profits: 12.91 Assets: 278.44 Market value: 135.10 9 Petrobras-Petróleo Brasil (Brazil) Sales: 92.08 Profits: 14.12 Assets: 120.68 Market value: 110.97 10 Sinopec-China Petroleum (China) Sales: 154.28 Profits: 7.43 Assets: 100.41 Market value: 93.50 |
09-16-2010, 01:37 AM | #35 |
Drives: 2010 Carmine Red hatchback Join Date: Mar 2009
Location: Colorful Colorado
Posts: 208
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That book was written in 2008.....a lot has changed in 2 years. Today, refining is approximately 9% of the price of gas. In July 2010, the US average for a gallon of regular unleaded was $2.73, so refining costs are about 25 cents.
Assuming $2.73 a gallon, about 40 cents are taxes, 25 cents to refine, $1.80 for the oil itself & about 27 cents for distrubution & marketing, etc. http://tonto.eia.doe.gov/oog/info/gdu/gasdiesel.asp Also, historically speaking, we are paying about as much for gas as compared to median household incomes as we always have. There are, of course, spikes and drop offs, but generally speaking we have always paid about 10% of the median hourly wage for a gallon of gas. The median US income in 2010 (approx.) is $52000, which equates to $25/hour. Yes.....I know not everyone makes that much but for historical statistical analysis it is irrelevant (just so long as the same computations are used....so you can compare apples to apples). Anyway, 10% of $25 is $2.50 and we are paying about $2.75 a gallon right now so it's a little more than 10%. I gathered up median household incomes & average price of a gallon of gas since 1960 (in 5-year increments) and aside from a huge spike in 1980 and the dip in the 1990's, all are within a few points of each other. I guess what I am saying is we are essentially paying the same for gas today as we always have (in relation to our income), so even though it is pushing $3/gallon right now it is the same as we were paying in 1985 when gas was $1.20/gallon (due to higher levels of income). I'll try to type in my chart, but it may not turn out very well. Here's the layout: (I divided the annual salary by the typical 40 hour work week, or 2080 hours per year, to arrive at the median hourly wage). Year/median annual income (hourly wage)/Price of 1 gal/ratio of 1 gal/hour 1960/$5600($2.69)/$0.31/11.5% 1965/$6900($3.32)/$0.31/9.33% 1970/$8734($4.20)/$0.36/8.57% 1975/$11800($5.76)/$0.57/10.05% 1980/$17710($8.51)/$1.25/14.68% 1985/$23618($11.35)/$1.20/10.57% 1990/$29943($14.40)/$1.16/8.05% 1995/$34076($16.38)/$1.15/7.02% 2000/$41994($20.19)/$1.52/7.53% 2005/$47084($22.64)/$2.48/10.95% 2010/$52029($25.01)/$2.72/10.87% I got my numbers from government websites (IRS, BLS, etc.) and may or may not be 100% accurate (as far as actual median incomes), but should be very close. I will re-crunch the numbers using the minimum wages and see how they stack up, but the above figures indicate that as a function of income, gas prices have been pretty consistent over the past 50 years. So quit whining about how much gas is and get a better paying job! |
09-16-2010, 02:02 AM | #36 |
Drives: 2010 Carmine Red hatchback Join Date: Mar 2009
Location: Colorful Colorado
Posts: 208
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OK.....I crunched the numbers using minimum wage instead of median income. As expected the percentages are higher and the fluctuations greater, but again, aside from the spike in 1980 & again in 2005 the numbers are pretty consistant.
Here's the breakdown for my chart: Year/hourly minimum wage/price of gal of gas/ratio of gal per hour 1960/$1.00/$0.31/31.0% 1965/$1.25/$0.31/24.8% 1970/$1.60/$0.36/22.5% 1975/$2.10/$0.57/27.1% 1980/$3.10/$1.25/40.3% 1985/$3.35/$1.20/35.8% 1990/$3.80/$1.16/30.5% 1995/$4.25/$1.15/27.0% 2000/$5.15/$1.52/29.5% 2005/$5.15/$2.48/48.1% 2010/$7.25/$2.72/37.5% It's harder to quantify, but it looks like generally speaking, we have always paid about 35% of our hourly minimum wage on a gallon of gas. I should probably do each and every year to get a clearer picture.....this one has too many fluctuations to do every 5-years (but I wanted an apples to apples comparo). |
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