[Ansteorra] OT:Gas Prices going up thanks to IKE

[William Meriic]

In NY, gas prices are far higher than the federal average, generally 30 - 40
cents higher.  A lot of this is due to tax.  That is why many who live in NY
City drive to NJ for gas where the taxes 27 cents/gallon lower!

Gas taxes According to: http://www.newyorkgasprices.com/tax_info.aspx

Gas tax in CA = 63.9 cents/gallon
Gas tax in NY = 59.6 cents/gallon
Gas tax in TX = 38.4 cents/gallon
Gas tax in NJ = 32.9 cents/gallon

In one state in the north east (I cannot remember which), state law mandated
that every fuel pump have a clear breakout of the costs involved in a gallon
of gas at that station (federal tax, state tax, local tax, and the store's
take).

I remember from somewhere that the gas station's take is generally less than
10 cents/gallon.

The big money is in crude oil and refining!  That is where Exxon for example
makes $11.7 Billion per quarter
(http://money.cnn.com/2008/02/01/news/companies/exxon_earnings/).  

To put this in perspective, Citigroup in the 4th quarter of 2007 only lost
$9.8 Billion
(http://www.economist.com/finance/displaystory.cfm?story_id=10534841).

Will Meriic


-----Original Message-----
From: ansteorra-bounces at lists.ansteorra.org
[mailto:ansteorra-bounces at lists.ansteorra.org] On Behalf Of HE Chiang
Sent: Friday, September 12, 2008 1:23 PM
To: Kingdom of Ansteorra - SCA, Inc.
Subject: Re: [Ansteorra] OT:Gas Prices going up thanks to IKE

Would that be profits or profit margin? There is a difference, you know. It 
is my understanding that while the profits may be really big, their profit 
margin is rather small. From what I have been given to understand their 
profit margin is less than 10 cents a gallon, while the govt portion of the 
price of a gallon is far more than that.
Chiang
----- Original Message ----- 
From: <faolon at sallegarnes.com>
To: <cathal at mindspring.com>; "Kingdom of Ansteorra - SCA, Inc." 
<ansteorra at lists.ansteorra.org>
Sent: Friday, September 12, 2008 12:24 PM
Subject: Re: [Ansteorra] OT:Gas Prices going up thanks to IKE


> you know considering that Exxon's profit margin alone last quarter was
> enough to buy every man, woman, and child in there world a happy meal from
> McDonalds I at least want my happy meal. Barring that out here in West
> Texas we have a 10 cent raise currently but it fluxuates every 2 to 3
> hours.
>
> Ld Faolon


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