You’ve been granted free access to this subscribers only article.
Editorial: Tired of paying high gas prices
Guest EditorialApril 17, 2013 | 1,154 views | 1 comment
We constantly hear complaints about the terrible profits that oil companies make and something needs to be done about it! As we have been paying in excess of $3.40 per gallon for some time, we are tired of the price and want something to be done. In some areas, such as Chicago and Hawaii, the price is more than $4 per gallon. Had enough?
But, the message that we hear is that the oil companies are gouging us with each fill- up. We are told by the government that Exxon makes a profit of 7 cents per gallon!
And what do the all companies do with their profit? They pay dividends to stockholders. They look to new products and/or services or ways to improve their products.
And what do oil companies do with their profits? Do they maybe use the money to look for more sources? Do they use the monies to drill, drill, drill, and maybe supply us with more gasoline and therefore, there is a possibility if they hit a really big reserve, the price could be reduced for all of us? And they have to pay taxes on their profit, so that is more funds going into the government.
But, how much does the government make on a gallon of gas? On every gallon of gas that is pumped into our vehicles, we pay local taxes, state taxes, and federal taxes and their take is 48.1 cents per gallon!
Yes, in some states, the price of taxes is lower because the local and state taxes are different. In Texas the government portion of a gallon of gas is 38.4 cents, but in Illinois the price of the tax is 61.2 cents and in the Northeast it is up to 63.6 cents per gallon.
Those are the taxes that we see. How about the taxes that are hidden; wonder what percentage of the price of a gallon of gas is taxes?
And there is legislation offered by the Democrats in 2010 in Congress that would add a cap-and-trade price to every gallon of fuel, be it gas, diesel, and jet fuels. This legislation did not pass, but it is still thought of by some Congress members, so we need to be aware of the problems with this legislation.
How would cap-and-trade work? Those that introduced this legislation said that a cap is the only certain way to limit pollution and the trading would lead to investment and innovation. While this did not pass, there are several states in the Northeast that have experimented with their own modest cap on carbon pollution from power plants. And just recently the Regional Greenhouse Gas Initiative announced that it would continue to cut emissions by tightening the cap between now and 2020.
But how much carbon dioxide will this actually cut in the grand scheme of things? Not much. Between now and 2020, the new TGGI scheme is hoping to cut annual emissions by about 13 million tons. That’s about 0.06 of all power plant emissions in the United States last year. What would it actually accomplish?
Presently the average American’s budget must include approximately 5 percent of their monies for transportation. How much more will be added with the cap-and-trade? And how much of every gallon of gas is really tax?
And, this tax and all taxes on fuel are included in the price of that loaf of bread and all our other purchases. When the farmer or manufacturer has to pay more for his fuel, he must pass it on or go out of business.
Is there no end to the taking of our monies in taxes? What we pay in taxes on that gallon of gas is astronomical and the profit by the gas company of 7 cents per gallon is nothing in comparison. Let’s get our thoughts in line with the truth and let our congressmen and our senators know how we feel about this taxing, taxing, taxing! And spending, spending, spending!
Loyce McCarter is a resident of Wilson County and works actively for conservative causes.
Your Opinions and Comments
Equatorial Guinea, West Africa
April 20, 2013 11:51am
Share your comment or opinion on this story!
You must be logged in to post a comment.
Section A: General News Archives
A look at area’s reptilian past and present (June 22, 2016)
Council meets ‘the enforcer’ (June 22, 2016)
Court Update (June 22, 2016)
Crime Stoppers celebrates 35th year (June 22, 2016)
Donsbach resigns from school board (June 22, 2016)
Editorial: The challenges, rewards of fatherhood (June 22, 2016)
Editorial: Will the tragedy in Orlando, Fla., change anything? (June 22, 2016)
Editorial: ‘I have had enough! Will you take a stand with me?’ (June 22, 2016)
Former Ranger Whitman leads DFPS (June 22, 2016)
Free entry to historic sites for military (June 22, 2016)
Indianhead Division plans national reunion (June 22, 2016)
Jehovah’s Witnesses set for July convention (June 22, 2016)
Letter: Fond memories of Floresville’s ‘fast food’ hangouts (June 22, 2016)
Letter: Let the dead rest in peace (June 22, 2016)
Letter: Recusal proper (June 22, 2016)
Meeting Watch: Floresville Convention, Tourist & Visitors Advisory Board (June 22, 2016)
Meeting Watch: Wilson County Memorial Hospital District (June 22, 2016)
Peanut issues spur Kellogg snack recall (June 22, 2016)
Pipeline-security course in Beeville (June 22, 2016)
Police Blotter (June 22, 2016)
Relief from the heat (June 22, 2016)
SISD board pays off $123K balance (June 22, 2016)
Students make dollars make sense (June 22, 2016)
Tax watch (June 22, 2016)
Time Warner gets Floresville-area Internet back in action (June 22, 2016)
USDA Housing Seminar (June 22, 2016)
WC Republican Party plans social (June 22, 2016)
You are self-insured (June 22, 2016)
Antonio Coy’s grave gets Texas Ranger Cross, Marker (June 15, 2016)
Attend free Elder Fraud Summit (June 15, 2016)
Burning question for Stockdale officials (June 15, 2016)
Court Update (June 15, 2016)
Display a kind spirit (June 15, 2016)
Editorial: floresvilleparksfoundation.com is live (June 15, 2016)
Editorial: People did ‘say something’ in Orlando, but to no avail (June 15, 2016)
FEDC will sell bond for city parks when time is right (June 15, 2016)
Floresville closes in on parks plan implementation (June 15, 2016)
Former Texas Ranger receives long-awaited dedication (June 15, 2016)
Foundation seeks donations (June 15, 2016)
Get greenhouse-building tips from the Master Gardeners (June 15, 2016)
Giant gator causes alarm (June 15, 2016)
GVEC to meet June 24 (June 15, 2016)
Jubilee to honor Vicki Wehmeyer (June 15, 2016)
Judge Jackson queries DA’s budget (June 15, 2016)
Letter: Crazy J Rodeo, Crouch family express gratitude (June 15, 2016)
Letter: From the Pastor’s desk (June 15, 2016)
Letter: Property destruction … is not a civil matter (June 15, 2016)
Local EMS personnel assist flood victims in Brazoria (June 15, 2016)
Lone Star Greys plan June meeting (June 15, 2016)
Meet Dr. Fisher at the driving range (June 15, 2016)
Meeting Watch: ESD No. 3 (Stockdale-based) (June 15, 2016)
Meeting Watch: Falls City ISD (June 15, 2016)
Meeting Watch: La Vernia City Council (June 15, 2016)
Meeting Watch: Poth ISD (June 15, 2016)
Meeting Watch: Stockdale City Council (June 15, 2016)
Pastor travels to promote public prayer (June 15, 2016)
Police Blotter (June 15, 2016)
Poth trail gets $200K Parks and Wildlife grant (June 15, 2016)
Tickets, tables available for Casino Night (June 15, 2016)
Vehicle drives discussion (June 15, 2016)
WCRP cancels July meeting (June 15, 2016)
Win a lifetime license! (June 15, 2016)
A home of their own: Sandy Oaks preps for move (June 8, 2016)
Audit reveals conservative management (June 8, 2016)
Be smart during, after floods (June 8, 2016)
China Grove faces ‘dog bone’ of contention (June 8, 2016)
County jail passes inspection (June 8, 2016)
Crime Stoppers reaches out, educates community (June 8, 2016)
Editor: Bloggers have misconception of economic development (June 8, 2016)
Editorial: As Dems and Republicans continue internal struggles (June 8, 2016)
Editorial: The great promise of socialism is something for nothing (June 8, 2016)
Floodwaters strand man in tree (June 8, 2016)
Invest in Chandler (June 8, 2016)
Letter: Anti-gun hypocrites run amok on Capitol Hill (June 8, 2016)
Letter: Hurd sides with establishment politicians (June 8, 2016)
Meeting Update: Wilson County Commissioners Court (June 8, 2016)
Mission supporters seek votes for grant (June 8, 2016)
One student remains missing, second girl reported found (June 8, 2016)
Police Blotter (June 8, 2016)
Sauceda earns degree in criminal justice (June 8, 2016)
Sports Boosters seek new members (June 8, 2016)
Spring rains saturate area (June 8, 2016)
Texas Guard to conduct annual training across state (June 8, 2016)
Vehicle burglars plague Nixon (June 8, 2016)
Wilson County employees ‘Walk Across Texas’ (June 8, 2016)
Adkins man faces child porn charges (June 1, 2016)
Alamo receives digital makeover (June 1, 2016)
CDC names best mosquito repellents (June 1, 2016)
City replaces hydrant after firefighters find it unusable (June 1, 2016)
Court Update (June 1, 2016)
Dollar General gives grants to libraries (June 1, 2016)
Donate blood in June (June 1, 2016)
Editorial: Slick college commencement speeches, toxic rhetoric (June 1, 2016)
Editorial: Texas should join conversation about climate risk (June 1, 2016)
Editorial: Trump’s over the hump, Sanders persists, Hillary … is a Clinton (June 1, 2016)
Eight-liner parlors remain closed (June 1, 2016)
Flag-raising event (June 1, 2016)
Floresville council hints at replacing city appointees (June 1, 2016)
Floresville police ramp up ‘Click It or Ticket’ program (June 1, 2016)
Fowler wins constable runoff (June 1, 2016)
Free disaster training June 11 (June 1, 2016)
Free senior fitness classes (June 1, 2016)
Help locate missing Floresville High School girls (June 1, 2016)
Homeowners seek fire, EMS protection (June 1, 2016)
Hubbard to set high expectations for the EC football program (June 1, 2016)
Insurance for young couple (June 1, 2016)
Jobless numbers fall (June 1, 2016)
Legal aid clinics for vets (June 1, 2016)
Location change for Parkinson’s Support Group (June 1, 2016)
Meeting Watch: Floresville Electric Light & Power System (June 1, 2016)
Police Blotter (June 1, 2016)
Poth ISD welcomes new staff members (June 1, 2016)
Quintanilla found guilty of aggravated assault (June 1, 2016)
Second responders to meet (June 1, 2016)
Three Oaks Center meeting canceled (June 1, 2016)
Trammell to lead livestock show board (June 1, 2016)
UIW’s new Direct Admit Health Professions Program starts this fall (June 1, 2016)