federal gas tax .184
NC gas tax .325
Total tax .509
Notice Roger just the tax is more. This has nothing to do with the actual cost to produce the gas.
Until alternatives are on line and ready to suplant oil, it is folly to think we have enough alternatives to drive our economy. We have enough reserves to increase production while we incentivise delveloping alternatives. At the point where we are deleting our reserves to only several trillion barrels, then we can cut back on production.
Just so you know; I'm no tree hugger, I used to race historic and vintage automobiles before I turned to the cheap and relaxing hobby of retriever sports. I love the thunder of a 7 litre Can AM V8 and the whine of a V12 at 7,000 is music to my ears. But cheap energy is going to make us a second tier economy before this century ends.
The USA cut production which led to OPEC cutting production. Add Libya to the mix and gas prices skyrocketed.
Blame the current administration for soaring prices not the ones that want to to increase production and become more oil independent.
Oil is nowhere near depleted and just because the Democrats hate oil companies is not a good enough reason to make citizens suffer with higher prices when they don't have to.
And, so what if the rest of the world is paying through the nose for gas? We are Americans and we are exceptional. I could care less how the rest of the world views us as they would love to drag us down to thier standard of living.
In my book... America First!
Gas is 14 cents less/gallon in NJ than PA. I'm told that is because PA has a higher state tax on gasoline than NJ. Theoretically, the tax on gasoline is supposed to be used for road maintenance ... yet PA is among THE WORST in the US for the deterioration of its bridges. Our tax dollars at work :-)
How high do gas prices have to go before the left starts yelling like they have in the past??
Remember......"It's the Economy Stupid!!"
Your own mantra may be Obama's achilles heel.
He will NOT rescind the halt on drilling in the gulf, he is too stubborn to admit he errored.
He himself has stated that the speculators are causing the price increases, then let them speculate on more oil in the market.
Rising gas prices, now over $4 a gallon, approaching $5 a gallon quickly, could be his undoing.