View Single Post
  #49  
Old April 24th 07, 06:35 PM posted to rec.aviation.piloting,rec.aviation.student
Matt Barrow[_4_]
external usenet poster
 
Posts: 1,119
Default Cost of gas is beginning to hurt


"gatt" wrote in message
...

"Matt Barrow" wrote in message
...

It is the oil companies that are doing the stiffing.


Bull **** in spades.

Oil Companies have averaged 12-15 cents profit on each gallon;


Meanwhile, quarter after quarter they're making the highest profits in the
history of human civilization, while the national economy--not to mention
GA itself--slowly bleed out due to high costs of transportation.


There are several industries with higher profit margins; they just don't
have the volume or the breath of market. Exxon pumped something like 250
billion gallons last year.

BTW, while the oil companies make 12-15 cents, take a look at the government
take:

Federal rate of 18.4 cents/gallon and the states (Excise & Other) at 18
(Montana) to
64 cents (NY), 60.1 (Hawaii), California (60.0) per gallon.

The average tax on gas is 45.9 cent/gallon (Federal & State) as of last fall
(2005).

And don't give that BS about government using it for infrastructure; our
roads are deteriorating since half goes into the general funds and the
remainder goes largerly to politically connected pork projects.

So who is doing the bleeding?

Here's a dollar: buy a clue.
--
Matt Barrow
Performace Homes, LLC.
Colorado Springs, CO