At this writing, March 27, 2008, the NATIONAL AVERAGE for a Gallon of Gas is: Regular Unleaded: 3.267 – Premium: 3.594 – Diesel: 4.022. This is quoted from AAA’s sponsored website: [http://www.fuelgauge.com/] According to this site, the price of gas is polled, daily, from over 85,000 stations.
As anyone knows, the national average may not reflect what the cost of gas is in your neighborhood. Here in Southern California, as per the same site, the average price of regular is $3.623. (Californians are told that this is due to the need for a special blend to meet our more stringent EPA standards.) In Wailuku, HI the cost is $3.932.
The purchase of fuel, whether it be for our homes or our cars is a necessity. This rising cost eats into the bottom line of every working American. The cost of shipping is up. Our food bills are subsequently higher. Every facet of our lives is impacted.
Typically the politicos blame the American public for our consumerism. (“We love our cars; bigger is better in America!”) And yes, there are factions that are driving trucks and SUVs, gas gluttons that don’t have need to drive such big vehicles. Americans are encouraged to commute via public transportation, which is only a viable solution if you actually live somewhere that offers mass transit.
Other politicos blame big oil with their ravenous desire for profit. (And yes, I know that the House Select Committee on Energy Independence and Global Warming has summoned CEOs from the big five oil companies to testify on oil prices April 1.) Still others blame the car manufacturers themselves for not producing more fuel efficient cars and alternative fuel cars sooner and faster.
The previous are all factors. However, no one explores the fact that the price of gas could be brought down OVERNIGHT if the taxes on gas – Federal, State and City – were out rightly repealed or reduced. The Federal Gas Tax per gallon is 18.4 cents a gallon. This figure is in addition to the following quotes. Each State has a different tax. In New York, the bite is 31.9 cents a gallon. In California, we pay an 18 cent state tax + 6% sales tax + 1.25% County tax AND a 1.2 cents per gallon UST fee. Georgia pays the least amount of tax per gallon; with 7.5% State tax and a 4% sales tax. Therefore, approximately for EVERY GALLON OF GAS YOU PUMP, at least a buck is tax. (These figures were sourced at http://www.gaspricewatch.com/usgastaxes.asp).
Another way to reduce these taxes would for the Federal Government to levy some of these taxes to the Oil Companies themselves; prohibiting them from passing this tax along to the consumer.
Stop talking and reviewing and investigating in the State and Federal Governments and give the American people tax relief NOW. Do whatever it takes to marginalize the taxes paid at the pump and you will see consumer confidence rise. Congress and this Administration’s approval rating will soar.