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Old 02-01-2012, 07:04 AM   #11
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Here in Maryland, "The Tax & Spend State", the governor wants to repeal the sales tax on gas at 2% for the next 3 years to get it to an additional 6% sales tax on top of the already high Gas Tax. It's not a Gas Tax increase though in his mind. It's just collecting the 6% sales tax. This clown thinks by calling it something different it won't impact our wallets.
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Old 02-01-2012, 11:57 AM   #12
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Just noticed my link is from 2007.
Yup - 2007 , using Vancouver as example total is aprox $1.03/L or about $4.12/USGal. Yesterdays price aprox $1.28/L or about $5.12/USGal. Those prices determined by L X 4 to give approximate U.S. Gallon and in CDN $ which is approximately at par with USD today. Price will be slightly less inland from Vancouver area.

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Old 02-01-2012, 03:10 PM   #13
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This just released today 2/1/12
Before the market opened Tuesday, Exxon reported net income of $9.4 billion profit for the 2011, or $1.97 a share, in the fourth quarter.
That's up from $9.25 billion, or $1.86 a share, in the same period in 2010.
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Old 02-01-2012, 03:11 PM   #14
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Originally Posted by cfsoistman View Post
Here in Maryland, "The Tax & Spend State", the governor wants to repeal the sales tax on gas at 2% for the next 3 years to get it to an additional 6% sales tax on top of the already high Gas Tax. It's not a Gas Tax increase though in his mind. It's just collecting the 6% sales tax. This clown thinks by calling it something different it won't impact our wallets.
And they keep re-elect and the goverment keeps on spending more than they have. Geee. sounds like Greece and the Euro group.
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Old 02-01-2012, 03:19 PM   #15
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As usual, NYS "wins" again! At least our Legislature has their act together when it comes to taxing the s#!+ out of the average Joe....
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Old 02-01-2012, 03:24 PM   #16
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This just released today 2/1/12
Before the market opened Tuesday, Exxon reported net income of $9.4 billion profit for the 2011, or $1.97 a share, in the fourth quarter.
That's up from $9.25 billion, or $1.86 a share, in the same period in 2010.

At 5 cents / gal profit....just think how much the gov is gettinh at 50+cents/gal from all gas/diesel sales....
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Old 02-01-2012, 05:00 PM   #17
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WAAAAy too much here in south-western Ontario. Considering Canada is a major exporter of oil we are the only country that has oil companies gouging us and they are sponsored by all levels of government.
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Old 02-02-2012, 11:26 AM   #18
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In the UK, the tax is about 5x the base price. Gasoline is running about $8 a gallon over there.
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Old 02-02-2012, 12:31 PM   #19
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In the UK, the tax is about 5x the base price. Gasoline is running about $8 a gallon over there.
OUCH !!!!!! That's a buck a mile for us Georgetownians
It's incredible when you see or hear the 9 billion dollar plus profits these companies make. Would it be so bad to just make like 5 billion dollars profit and give us a little break. At a cheaper price they'd sell more product and probably end up with about the same profit anyway.
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Old 02-02-2012, 11:13 PM   #20
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Don't confuse big numbers with big margin... oil companies make huge revenues - Exxon made $41b, but spent $36b in acquisition and exploration to get it. They have to account for that over multiple years so that they can survive the market. This doesn't include the other expenses of running a major corp, including salaries, dividends, etc... so while they are close to records on proceeds, they set a record on exploration costs!

Just for comparison, google makes more than that, with much higher margin (more profit), but they aren't assaulted for gouging. Anyone know what apples margin is? If I remember right, its about 5x exxons.

Here in California, Jerry brown makes more on gas than Exxon!
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