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You think gas is expensive in the US?

31,436 2,810 March 23, 2012 at 01:59 PM
Petrol hit a new record high today in the UK of 140 pence per liter. Worked out to gallons and dollars, that's $8.41 per gallon. Faint


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Zoe Moon
Everything will be okay, in the end. If it's not okay, it's not the end. Joined Jun 2006 Jambi-rific in Seattle!
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Joined Aug 2005
Baldilocks
> bubble2 41,039 Posts
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emelvee
03-23-2012 at 02:00 PM.
03-23-2012 at 02:00 PM.
I figured it would have topped $10/gal by now. Wasn't it over $6 when we were under $2? Dontknow
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Master Of Scamps
> bubble2 17,139 Posts
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Scampsters
03-23-2012 at 02:07 PM.
03-23-2012 at 02:07 PM.
Never understood why you guys call it gas - You still use the word petroleum and it really isnt gas your pumping is it.
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Joined Jun 2006
Jambi-rific in Seattle!
> bubble2 31,436 Posts
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Original Poster
Zoe Moon
03-23-2012 at 02:11 PM.
03-23-2012 at 02:11 PM.
Quote from Scampsters :
Never understood why you guys call it gas - You still use the word petroleum and it really isnt gas your pumping is it.
The UK has it backwards. You're not putting petroleum in your car as that's the original product as pumped from the ground. Once it's refined, it's gasoline or gas for short.
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Joined Dec 2006
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> bubble2 22,364 Posts
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Hawk2007
03-23-2012 at 02:21 PM.
03-23-2012 at 02:21 PM.
I thought in London it was in the $13's?

Either way, Americans are buying gas at a bargain price.
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Joined Mar 2005
Like a Boss
> bubble2 11,412 Posts
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saint.
03-23-2012 at 02:31 PM.
03-23-2012 at 02:31 PM.
we drill for it ourselves.
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Joined Apr 2006
First Out
> bubble2 683 Posts
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euuser104047
03-23-2012 at 02:39 PM.
03-23-2012 at 02:39 PM.
Isnt England like the size of Rhode Island? Where are you going to drive?
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Schrödinger's Frog
> bubble2 19,383 Posts
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Frogstar
03-23-2012 at 02:40 PM.
03-23-2012 at 02:40 PM.
Those poor Brits and their viable mass-transit system Whee
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Joined Dec 2007
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> bubble2 7,409 Posts
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chevvy
03-23-2012 at 03:32 PM.
03-23-2012 at 03:32 PM.
Has everyone forgotten about supply and demand? Dontknow
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> bubble2 9,148 Posts
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handyguy
03-23-2012 at 03:37 PM.
03-23-2012 at 03:37 PM.
Quote from Frogstar :
Those poor Brits and their viable mass-transit system Whee
Mind the gap.
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Baldilocks
> bubble2 41,039 Posts
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emelvee
03-23-2012 at 04:06 PM.
03-23-2012 at 04:06 PM.
Quote from chewspam :
Has everyone forgotten about supply and demand? Dontknow
Aren't taxes the primary reason for the price disparity?
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"Respect my AUTHORITAII!"
> bubble2 6,608 Posts
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LordOfChaos
03-23-2012 at 04:08 PM.
03-23-2012 at 04:08 PM.
Quote from Hawk2007 :
I thought in London it was in the $13's?

Either way, Americans are buying gas at a bargain price.
http://www.spanishdict.com/blog/9...-venezuela
$0.12 per Gallon of Gas in Venezuela!
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L7: Teacher
> bubble2 2,126 Posts
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bridgeburner
03-23-2012 at 04:34 PM.
03-23-2012 at 04:34 PM.
So... we buy gas in Venezuela... then ship it to England where we sell it at $6.50/g for profit (at the same time undercutting everyone elses prices to ensure it sells)
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> bubble2 7,409 Posts
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chevvy
03-23-2012 at 04:43 PM.
03-23-2012 at 04:43 PM.
Quote from emelvee :
Aren't taxes the primary reason for the price disparity?

Of course they are. The government does nothing and gests .12 of every dollar you spend on gas while the oil company does all of the work and gets .06 for every dollar spent on gas. And then they have to pay their own bills which brings them down to 1.5 to 2.0 percent profit margin.

It's a good racket really. I get taxes taken out of my paycheck, and when I go buy gas, 12% of my purchase goes towards taxes on the gas. The oil company gets less than the government, and then pays corporate taxes for providing the gas. Then they pay their employees with what's left over, and their employees' paychecks are taxed. All so we can drive around in our cars which are taxed yearly with license plates that are taxed.

We.....are.....all......Crazy

Now why are those friggin choppers hovering over my house again!!!! Mad
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Joined Jun 2006
Jambi-rific in Seattle!
> bubble2 31,436 Posts
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Original Poster
Zoe Moon
03-23-2012 at 06:09 PM.
03-23-2012 at 06:09 PM.
Quote from chewspam :
Of course they are. The government does nothing and gests .12 of every dollar you spend on gas while the oil company does all of the work and gets .06 for every dollar spent on gas. And then they have to pay their own bills which brings them down to 1.5 to 2.0 percent profit margin.

It's a good racket really. I get taxes taken out of my paycheck, and when I go buy gas, 12% of my purchase goes towards taxes on the gas. The oil company gets less than the government, and then pays corporate taxes for providing the gas. Then they pay their employees with what's left over, and their employees' paychecks are taxed. All so we can drive around in our cars which are taxed yearly with license plates that are taxed.

We.....are.....all......Crazy

Now why are those friggin choppers hovering over my house again!!!! Mad
Secret Not everything (or most things for that matter) is a conspiracy. And he was referring to the cost being higher in the UK due to the huge amount of taxes levied on petrol over there.
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