Gas Tax Holiday

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  #1  
Old 06-22-2022, 06:35 AM
dewilson58 dewilson58 is offline
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Default Gas Tax Holiday

Stupid idea.

Band Aid with dirt on the pad.
  #2  
Old 06-22-2022, 06:53 AM
Stu from NYC Stu from NYC is offline
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Pandering to people dumb enough to think this is a good idea.

Where does the money come from to fix roads and bridges on road if nobody pays the gas tax?
  #3  
Old 06-22-2022, 07:09 AM
MrFlorida MrFlorida is offline
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So that's going to amount to, about 18 cents a gallon, big deal.....
  #4  
Old 06-22-2022, 07:38 AM
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Whip cream on s__t. They know not what they do.
  #5  
Old 06-22-2022, 07:57 AM
dewilson58 dewilson58 is offline
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Quote:
Originally Posted by jdulej View Post
Its not a supply issue. Have you seen any ‘sorry, no gas’ signs lately? In 2021 the us exported 8.63 millions barrels/day of gasoline
Please EDUCATE yourself................the other 1/2 of your "story" is how many barrels were imported.

  #6  
Old 06-22-2022, 08:04 AM
jdulej jdulej is offline
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Quote:
Originally Posted by dewilson58 View Post
Please EDUCATE yourself................the other 1/2 of your "story" is how many barrels were imported.

I know. 8.4?ish. Whats your point. You can import and not export. Either way the price will settle at the world price which means you have a lot more oil you paid too much for - not a supply problem. It is a demand problem.
  #7  
Old 06-22-2022, 08:13 AM
dewilson58 dewilson58 is offline
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Quote:
Originally Posted by jdulej View Post
I know. 8.4?ish. Whats your point. You can import and not export. Either way the price will settle at the world price which means you have a lot more oil you paid too much for - not a supply problem. It is a demand problem.
December 2021 EY study summary:
Summary
For the oil and gas industry, the next few years will be defined by capital markets’ reluctance to invest, discord among government, and consumer and investor perceptions about the speed with which oil and gas should or can be replaced.
  #8  
Old 06-22-2022, 08:25 AM
MartinSE MartinSE is offline
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Quote:
Originally Posted by jdulej View Post
I know. 8.4?ish. Whats your point. You can import and not export. Either way the price will settle at the world price which means you have a lot more oil you paid too much for - not a supply problem. It is a demand problem.
BTW: I agree the tax holiday is just politics. We will pay for that loss of road maintenance later. Nothing is free.

Remember the reason the oil companies are making historic profit levels is they are charging what they can without regard to people. They can do this because they buy oil is large volumes to get a guaranteed price. So, as the price of oil goes up, they make more profit by charging more and not paying more.

When their bulk contract runs out, we better hope the price of oils is down, or prices could double over night.
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  #9  
Old 06-22-2022, 08:27 AM
jdulej jdulej is offline
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Quote:
Originally Posted by dewilson58 View Post
December 2021 EY study summary:
Summary
For the oil and gas industry, the next few years will be defined by capital markets’ reluctance to invest, discord among government, and consumer and investor perceptions about the speed with which oil and gas should or can be replaced.
Thats likely a smart move. Like it or not using oil for power is going to way of coal. It would be very helpful if people would work together to make a smooth transition - good luck with that
Like coal, oil wont go away. I would guess at a 25% decrease over the next 50 years. But we do not need a bunch of new drilling or infrastructure to cover that
  #10  
Old 06-22-2022, 08:43 AM
Ken Nelson Ken Nelson is offline
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This is most likely not going to pass the House (Pelosi said she is against it early for the same reasons, it's a bandaid).
  #11  
Old 06-22-2022, 08:47 AM
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Quote:
Originally Posted by Ken Nelson View Post
This is most likely not going to pass the House (Pelosi said she is against it early for the same reasons, it's a bandaid).
Good for her. It is a silly idea
  #12  
Old 06-22-2022, 08:50 AM
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Quote:
Originally Posted by MartinSE View Post
US Oil production is open.
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  #13  
Old 06-22-2022, 12:13 PM
Stu from NYC Stu from NYC is offline
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Quote:
Originally Posted by MartinSE View Post
US Oil production is open.
True but the govt should look to help and encourage the producers to expand production asap.

Telling them that we are working to reduce consumption of oil products and want you to go away asap is not going to help reduce prices
  #14  
Old 06-22-2022, 12:23 PM
OrangeBlossomBaby OrangeBlossomBaby is offline
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Quote:
Originally Posted by MrFlorida View Post
So that's going to amount to, about 18 cents a gallon, big deal.....
The Florida gas tax holiday comes JUST in time for the election. People will remember the last big thing that they experienced. What better than a big honkin discount on gas on the way to the ballot box!

From the State of Florida official website Governor Ron DeSantis Signs Largest Tax Relief Package in Florida’s History

Quote:
· A one-month Fuel Tax Holiday from October 1, through October 31, 2022, saving Floridians $200 million by lowering the price of gas by 25.3 cents per gallon.
Funny how most of the people complaining about the 18-cent tax holiday for the fed, aren't complaining about the 25-cent tax holiday for the state. Maybe it's just politics? Nahhhhhhh can't be.



That's what this is about. That is ONLY what this is about.

Last edited by OrangeBlossomBaby; 06-22-2022 at 12:29 PM.
  #15  
Old 06-22-2022, 12:50 PM
Stu from NYC Stu from NYC is offline
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Quote:
Originally Posted by OrangeBlossomBaby View Post
The Florida gas tax holiday comes JUST in time for the election. People will remember the last big thing that they experienced. What better than a big honkin discount on gas on the way to the ballot box!

From the State of Florida official website Governor Ron DeSantis Signs Largest Tax Relief Package in Florida’s History



Funny how most of the people complaining about the 18-cent tax holiday for the fed, aren't complaining about the 25-cent tax holiday for the state. Maybe it's just politics? Nahhhhhhh can't be.



That's what this is about. That is ONLY what this is about.
First of all the State of Florida manages its finances much better than Washington does.

In any case gas tax revenue supposed to go to maintaining our roads and wrong for the govt to not collect the money or spend it accordingly.
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