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Old 12-04-2008, 08:03 PM   #221
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here's a sample of profit margins. granted it's just 1 quarter of 1 year, yet quite consistent.

http://everydayecon.wordpress.com/20...er-industries/
So banks are running an 18% profit margin (is that gross or net?)? And the government needs to give them money?
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Old 12-05-2008, 09:09 AM   #222
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$1.61 at a discount station, $1.74 at the national stations. This is for Socal.
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Old 12-05-2008, 09:55 AM   #223
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I'll be the first to admit I'm wrong.

Well just when the world was poised on it's haunches to see oil spring back up, Bloomberg today said they expect gas for under a dollar soon since China raised its fuel tax, lowering demand. I didn't see that one coming.
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Old 12-05-2008, 10:18 AM   #224
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Well, that's a nice suprise. I haven't seen gas under $1 for about 10 years (With the exception of one station that programmed their pumps wrong last year. I filled up my tank for $0.289/gal)

-Jay
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Old 12-05-2008, 11:13 AM   #225
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Well just when the world was poised on it's haunches to see oil spring back up, Bloomberg today said they expect gas for under a dollar soon since China raised its fuel tax, lowering demand. I didn't see that one coming.
wow. Hey, finally an oil fight the US isn't involved in. China vs. OPEC.
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Old 12-05-2008, 01:25 PM   #226
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So banks are running an 18% profit margin (is that gross or net?)? And the government needs to give them money?
i'm definately with ya on that! i would assume that's net because i couldn't imagine anyone on the list making single digits gross.

now, in regard to POSSIBLE sub dollar gas...

i wouldn't have an issue with an increase in the gas tax given that scenario. taxes WILL be raised somewhere else if not.
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Old 12-05-2008, 01:29 PM   #227
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"taxes WILL be raised somewhere else if not."

I dunno, it seems to me the days of a 'tax and spend' governement policy are long gone, in favor of a 'spend and spend... and spend and spend and spend' policy.

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Old 12-05-2008, 01:38 PM   #228
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Dalez0r,

if you've read my posts you'll know that i'm anti-big govt and anti-tax increases. i was simply stating that WHEN taxes are increased(we all know they will be), i wouldn't mind it being on gas rather than say property or income tax.
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Old 12-05-2008, 05:46 PM   #229
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bowtieguy,

I think we're singing in the same choir here. Screw big government, the purpose of the government is to build roads and keep us from killing each other, not regulate every aspect of our lives.
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Old 12-05-2008, 08:51 PM   #230
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now, in regard to POSSIBLE sub dollar gas...

i wouldn't have an issue with an increase in the gas tax given that scenario. taxes WILL be raised somewhere else if not.

The one thing you're forgetting, is that when the price falls, consumption (and the amount collected in fuel taxes) goes up. If you raise taxes, consumption goes down, and you don't get the anticipated revenues.

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