Gas Prices have More Than Doubled Since Biden Took Office

[Rightguide]

sooooo, they make 300 billion -
if that's just 5 pct of what they take in - then that their total revenue is like 6 quadrillion.
you fucking idiot. the total gdp of britain or something.
the fucking gop raking in idiots like you.

Their net profit is between 3-4.5%. Net profit is what they are allowed to keep after expenses and taxes. What makes that small percentage look large is the fact they face a worldwide market demand for their products. Everyone needs their products, so sales are high.

 

[ll74]

yep.

Their net profit is between 3-4.5%. Net profit is what they are allowed to keep after expenses and taxes. What makes that small percentage look large is the fact they face a worldwide market demand for their products. Everyone needs their products, so sales are high.

Their net profit last year

This year, it's higher.

 

[Rightguide]

Here's the breakdown of taxes and fees Californians pay on a gallon of gas. The fees are hidden and in addition to the actual acknowledged "state Tax per gallon."

Here's the breakdown:

Federal excise tax – 18.4 cents per gallon (cpg)

California state excise tax – 51.1 cpg, some of which is used for roads, freeways and bridges

Sales tax – It varies by area. The average is 12.7 cpg

Underground storage tank fee – 2 cpg

Fuels under the cap – 15.1 cpg This program works to control greenhouse gases.

Low carbon fuel standard - 22.6 cpg This program is designed to reduce carbon intensity in transportation fuels.

Does California pay the highest in gas taxes and fees?

Yes.

It totals out at $1.21 per gallon. The reason why so many have left the state.

 

[ll74]

Here's the breakdown of taxes and fees Californians pay on a gallon of gas. The fees are hidden and in addition to the actual acknowledged "state Tax per gallon."

Here's the breakdown:

Federal excise tax – 18.4 cents per gallon (cpg)

California state excise tax – 51.1 cpg, some of which is used for roads, freeways and bridges

Sales tax – It varies by area. The average is 12.7 cpg

Underground storage tank fee – 2 cpg

Fuels under the cap – 15.1 cpg This program works to control greenhouse gases.

Low carbon fuel standard - 22.6 cpg This program is designed to reduce carbon intensity in transportation fuels.

Does California pay the highest in gas taxes and fees?

Yes.

It totals out at $1.21 per gallon. The reason why so many have left the state.

If they are hidden, how did you find them? ¯\(°_o)/¯

 

[Cobaltofdark]

And this is happening all around the world so it's not strictly a here problem.

 

[DeluxAuto]

 

[GregThickDix]

My how we all forget what happened a few years ago. During the pandemic, oil companies were filing bankruptcy (107 actually) because there was no demand for oil. Trump actually went to the Saudi's and told them to cut production because they were killing our US oil companies and threatened to pull military support if they did not. Losses in US oil companies were so bad, that they cut investment in refinery maintenance and investing in exploration. What we are seeing now is a culmination of not only increased demand, but less competition in oil companies, lower production (Refineries, not necessarily supply) and oil companies taking more profit to make up for the shitty years they had back in 2018-2019. Biden has some to blame as well, but if Trump were still in office, prices would still be high and so would inflation.

The only difference, is we would not be able to get rid of the crazy fucker in 2024 because he would be our king. Oh, and all of you people who didn't put a less crazy candidate up for election instead of Trump are as much to blame for Biden as those who voted for Biden, because he was a candidate that seemed to be the lesser of 2 evils. Its time to clean house, term limits never looked so good. And for god sake, our choices sucked in 2020, lets put a couple of decent people up to represent us because those choices suck.

 

[Tigersman]

Lest we forget. When Trump left office the inflation rate was 1.4%. It's more than six times that number in the first half of Joe's second year.

Lest we forget. In the first year of Trump's presidency the national debt rose by $1.7 Trillion dollars. In the third year of Trump's presidency, he gave us the Covid19 pandemic which led to supply shortages and delivery problems. During the Trump presidency he blew through the entire Secret Service budget allocated for his security detail in six months because of his numerous golf outings. During the Trump presidency he managed to alienate the U.S. from all its Allies due to his arrogance and boorish behavior.

 

[Rightguide]

My how we all forget what happened a few years ago. During the pandemic, oil companies were filing bankruptcy (107 actually) because there was no demand for oil. Trump actually went to the Saudi's and told them to cut production because they were killing our US oil companies and threatened to pull military support if they did not. Losses in US oil companies were so bad, that they cut investment in refinery maintenance and investing in exploration. What we are seeing now is a culmination of not only increased demand, but less competition in oil companies, lower production (Refineries, not necessarily supply) and oil companies taking more profit to make up for the shitty years they had back in 2018-2019. Biden has some to blame as well, but if Trump were still in office, prices would still be high and so would inflation.

The only difference, is we would not be able to get rid of the crazy fucker in 2024 because he would be our king. Oh, and all of you people who didn't put a less crazy candidate up for election instead of Trump are as much to blame for Biden as those who voted for Biden, because he was a candidate that seemed to be the lesser of 2 evils. Its time to clean house, term limits never looked so good. And for god sake, our choices sucked in 2020, lets put a couple of decent people up to represent us because those choices suck.

My how we all forget the presidential actions taken by Joe Biden in the first week of his administration.

 

[icanhelp1]

My how we all forget the presidential actions taken by Joe Biden in the first week of his administration.

Biden has one option; lift all restrictions on our oil companies. Russia is making money hand over fist. Russia will cut oil production and prices will skyrocket making Putin even richer. Only way out of a global catastrophe is for the US to produce at maximum capacity, flood the market and knock prices down. India and China are buying everything the Russians can produce. Biden is a incompetent fool.

 

[Rightguide]

Biden has one option; lift all restrictions on our oil companies. Russia is making money hand over fist. Russia will cut oil production and prices will skyrocket making Putin even richer. Only way out of a global catastrophe is for the US to produce at maximum capacity, flood the market and knock prices down. India and China are buying everything the Russians can produce. Biden is a incompetent fool.

Maybe that is Joe's purpose. Maybe he's working for the Chinese, I can't name a single pro-American thing he's done since entering office.

 

[Rightguide]

BTW, has anyone seen Peck? Is he in therapy? Just wonderin'.

 

[ll74]

BTW, has anyone seen Peck? Is he in therapy? Just wonderin'.

He was banned. I'm sure someone will tell him you miss him