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Message
re: Oil prices past 10 years graph question.
Posted on 1/13/16 at 6:46 pm to GoldenD
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
1
Posted on 1/13/16 at 7:00 pm to TigerBait1127
quote:
So taking inflation into account, you're actually taxed less now
Yep.
That being said, it is pretty surreal to think that I paid $1.58/gallon today and taxes represented 38.41 cents of that price. Without taxes we'd be paying close to $1.20/gallon in LA right now.
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