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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: KLP who wrote (164359)4/25/2006 3:10:49 AM
From: LindyBill  Read Replies (1) | Respond to of 794268
 

But no....The States only want the Oil Companies to lose their profits, not the States.....

The oil companies are their own worst enemies. They should explain that the price of gas is set the same way as the price of a share of publicly traded stock. By the market. If you own Microsoft and the stock jumps 20%, nobody expects you to sell it below that. You would just be giving the profit to someone else.



To: KLP who wrote (164359)4/25/2006 6:36:04 AM
From: Ish  Read Replies (2) | Respond to of 794268
 
<<It's odd that States haven volunteered to reduce their "profits on oil" ....State and Federal Taxes on each gallon of fuel that is pumped has continued an ever higher rise..... >>

The per gallon tax remains the same for both the states and fed. OTOH, the state sales tax is 3 times higher on a $3 gallon than it is on a $1 gallon.


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