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Started By
Message
re: Oil prices past 10 years graph question.
Posted on 1/13/16 at 6:18 pm to Crawdaddy
Posted on 1/13/16 at 6:18 pm to Crawdaddy
quote:
Why is oil less now than in 09 yet gas cost more than back then
Taxes, and it probably cost more to refine now than it did then. The crude price doesn't linearly correlate with the price at the pump.
2
Posted on 1/13/16 at 6:46 pm to GoldenD
quote:
Taxes, and it probably cost more to refine now than it did then. The crude price doesn't linearly correlate with the price at the pump.
The federal tax has stayed at 0.184 since 93
Louisiana and Texas also haven't raised gas taxes in over 20 years
So taking inflation into account, you're actually taxed less now
This post was edited on 1/13/16 at 6:48 pm
Posted on 1/13/16 at 9:11 pm to GoldenD
quote:
Taxes,
Please show where excise taxes have gone up to the point where they would offset the reduced price of crude
quote:
and it probably cost more to refine now than it did then
Based on what?
quote:
The crude price doesn't linearly correlate with the price at the pump.
Not completely but it's probably the strongest correlation out of all of the variables.
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