Just in case you thought your gas is too cheap

terribly early in the morning on Monday, the 21st of July 2008 by Katie

The really interesting part: “Now, lawmakers quietly are talking about raising fuel taxes by a dime from the current 18.4 cents a gallon on gasoline and 24.3 cents on diesel fuel.”

Yes, the feds are deciding that they need more of your hard earned money, this time by way of a largely “hidden tax”. So, these hypocrits have yanked all the bigwigs of the oil companies into their very public sessions. They have criticized them and derided them. All in a very public arena. All so that the lawmakers could go back to their constituants and show that they are fighting the evil oil companies. All because the oil companies get 8 cents a gallon in profit (some of which they then reinvest in other projects).

But the feds, who do no work for their share get over 18 cents a gallon free money. And the states take even more. And it is hidden from the taxpayers, because the stations are not allowed to break down the cost of gas (ie - actual charge + fed tax of 18.4 cents + state tax of variable cents = final charge amount).

In case you were curious, this is a breakdown, by state of gas tax charges from 2007:

http://www.commonsensejunction.com/notes/gas-tax-rate.html