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re: What's driving the narrative about the price of oil right now? It's not like gas is $4/gal
Posted on 7/7/18 at 9:22 am to BeefDawg
Posted on 7/7/18 at 9:22 am to BeefDawg
quote:
Depends on where you’re at and how much it costs to get oil near you produced or imported in.
Arent they drilling off the Cali Coast
Thats why im surprised its so high if they are. I thought the tax was .30 a gal so figured we be at 3.50 not 4
2
Posted on 7/7/18 at 9:30 am to SDVTiger
But where are they refining?
Posted on 7/7/18 at 10:56 am to SDVTiger
quote:
Arent they drilling off the Cali Coast
Thats why im surprised its so high if they are. I thought the tax was .30 a gal so figured we be at 3.50 not 4
Again, there’s a lot of subjectivity.
Cost of living for the working class and economic factors like local/state business taxes and general overhead plays a part too. Plus regulations around simple things like equipment depreciation, for instance.
Oil and gas companies get A LOT of tax breaks in certain states and very few in others.
I suspect Cali is an expensive state for oil and gas companies to do business. They probably have tons more regulatory requirements, get fined for shite a lot more, and get much fewer tax breaks.
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