On 27 Apr 2007 20:28:24 -0700, wrote:

On Apr 26, 1:37 pm, kontiki wrote:

. On top of that, the BIGGEST benefactor
odf rising gas prices IS government. Federal and state governments
make more off a gallon gass through taxes than the oil companies do.

Huh? I see tax stickers on a per gallon basis. This is not affected
by the price itself.

Unless of course the price gets high and the use of gas therefore
drops, in which case the tax collected also decreases.
IIRC, this was actually the case during the '73 gas crunch.

The taxes are likely higher than the profit. The oil companies don't
have to pay for the roads.

Gas taxes are probably 5 or 6 times the profit per gallon made by the
oil companies.

So far the US has never seen high gas prices compared to the prices
most of the world has been paying for years.