What you believe isn't always what you know!

The next time one of your idiotic acquaintances of either extreme starts bitching about how the "gummint" controls the price of oil and overtaxes it, show them this. The Federal Government has taxed gasoline at just 18.4 cents per gallon since 1993. The tax is the only, repeat the only control the fed exerts on the price of gasoline, and it has remained unchanged for the last 21 years. If you live in NY or CA, your state is taxing a gallon almost 4 times as much. 60% of the federal tax goes directly back into infrastructure (roads, bridges, etc). How does your state, in my case Florida, spend the 54.3 cents (or more) per gallon it collects.?

Again, to put this into perspective, the fed's share of the price of a gallon of gas (averaging) is about 6%, while California, as the most egregious example takes 23%. The fed uses the vast majority of this revenue to fix and/or build infrastructure IN THE STATES! What does your state do with their much higher share? In fact, adjusted for CPI increases, the real impact of the 1993 tax of 18.4 cents/gallon is just over 13 cents today. I only went here this morning, because an acquaintance mumbled something yesterday about "gas prices dropping just before the election. but now they'll go back up because "they" control the price of gasoline." Somewhere Adam Smith is weeping. And if you don't get that reference, you're part of the problem, lol!