Talk of The Villages Florida - View Single Post - Gasoline costs
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Old 06-09-2022, 09:48 PM
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Quote:
Originally Posted by OrangeBlossomBaby View Post
If that's the only reason you can come up with, then you're not paying attention at all.

The reason the prices are so high, is because the oil companies have chosen to raise their prices. The taxes aren't any different than they were before the hikes. They're at the same percentage as usual. Some states have more taxes, but the taxes are charged as a percentage, not a dollar amount. 10% tax on $100 is going to be more than 10% tax on $50. You knew that though.

The oil companies have enjoyed record-breaking profits in the last year. For those who say oh it was only $5 billion - no, that's not true. It's $5 billion MORE THAN THE YEAR BEFORE. Not $5 billion total. If the year before last was $20 billion, this year it's $25 billion. In profits. Not revenue.

The stockholders are having a field day. The people at the pumps, not so much.
??????? - The tax is per gallon!