BMEWS
 
Sarah Palin's presence in the lower 48 means the Arctic ice cap can finally return.

calendar   Monday - March 19, 2012

Gas Prices Spike Again

I thought we were going to catch a little break when local gasoline prices dropped 3¢ last week to $3.51.9, but they’re right back up again today to $3.57.9. And that’s at the no-brand station down the road. Gas costs more at the big name stations. And yes, I know, you’ve got it worse; New Jersey doesn’t put much state tax on gas, so it’s worse in almost all the other states, which do.

But we’ve got it easy. Gas is going up in the UK too, and yet another tax hit this coming summer will make it even worse.



Record fuel hike ‘will force drivers off road’

Fears are growing that an increasing number of motorists will be priced off the road if fuel prices continue their relentless rise.

Petrol and diesel now cost more in the UK than ever before — with a further 3p VAT rise planned in August prompting panic among drivers.

New figures from March’s AA Fuel Price Report reveal that Northern Ireland consumers are forking out an average 139.2p a litre for unleaded and 145.9p for diesel.

That’s more expensive than anywhere else in the UK, where around 68% of the pump price is actually attributable to duty and VAT.

Before tax, the UK has one of the cheapest fuels in Europe but, once it is added, local diesel prices are the highest in the EU, while local petrol is among the dearest.

Let’s see, there are 3.785 liters in a US gallon, so with the upcoming VAT added in, this amounts to 526.87p per gallon. But with 100 pence per pound, that’s £5.2687. A pound is currently worth $1.58.376, so that works out to $8.34.5 per gallon. Which means it costs about $125 over there to fill up the tank on a mid-size car or small pickup. That’s about 2 1/2 day’s wages over here after taxes if you have a minimum wage job. On the other hand, if you take away all the taxes on UK gas, it’s only $2.67 a gallon. Add back in the 18.4¢/gal federal gas tax we pay and your state’s taxes and fees and you’ll see that the actual cost of the gasoline itself is quite a bit less expensive over there. $2.67 + NJ’s $0.32.9 combined tax adds up to $2.98.9, a price I will gladly pay right now if I could find it.

Funny thing, that. Remember the whole economies of scale lecture in Economics 101? Strange how the UK, which uses not a tenth of the gas that the USA does, manages to get it to the pumps for such a lesser price. Perhaps they have more refinery capacity available per unit gallon, imported & domestic, and thus have a bit of competition regulating the free market. Perhaps they have just one or two blends nationwide. Perhaps they don’t do the silly E10 gasohol sleight of hand with the ethanol, a price relationship that I can’t understand.  And I’m pretty sure that the stupid ethanol subsidy is finally over, although I don’t remember hearing anything about that on the news.

Just now I learned that cellulosic ethanol is a total flop, coming in at 100 million gallons shy of its 2010 federally mandated production goal of 100 million gallons, 250 million gallons shy of its 2011 mandated goal of 250 millions gallons, and almost certainly 500 million gallons shy of its 2012 mandated goal of 500 million gallons. In other words, not one damn drop. And it’s the heart and soul of the Renewable Fuel Standard that demands the blending and sourcing of ethanol. Hey, imagine that. A government program put into law based on a circle jerk dream of technological advancements that don’t even exist. Government: We Know Better Than You.  Go on, look it up. And the oil companies are forced to purchase waivers from the government for not using this alcohol, because it doesn’t exist. Guess who pays for the waivers, eventually? And I’m not seeing Congress toss this nonsense legislation, or even hit the Pause button on it.  We’re totally screwed.

All I know is that gas is costing me more than it EVER has before, and I’m getting 2-3mpg less with this 10% mix crap that is the only stuff for sale, compared to real gasoline. And I’m NOT blaming Bush for it either. I’m blaming the guy in charge and his 535 moronic minions down the street.


avatar

Posted by Drew458   United States  on 03/19/2012 at 12:10 PM   
Filed Under: • Oil, Alternative Energy, and Gas Prices •  
Comments (7) Trackbacks(0)  Permalink •  
Page 1 of 1 pages

Five Most Recent Trackbacks:

Once Again, The One And Only Post
(3 total trackbacks)
Tracked at diamond painting uk
The Glee alum's dark cheap diamond cheap diamond painting painting locks were styled stick straight and tucke diamond painting kits d behind her diamond painting kits ears diamond painting uk…
On: 03/20/21 10:12

Vietnam Homecoming
(1 total trackbacks)
Tracked at 广告专题配音 专业从事中文配音跟外文配音制造,北京名传天下配音公司
  专业从事中文配音和外文配音制作,北京名传天下配音公司   北京名传天下专业配音公司成破于2006年12月,是专业从事中 中文配音 文配音跟外文配音的音频制造公司,幻想飞腾配音网领 配音制作 有海内外优良专业配音职员已达500多位,可供给一流的外语配音,长年服务于国内中心级各大媒体、各省市电台电视台,能满意不同客户的各种需要。电话:010-83265555   北京名传天下专业配音公司…
On: 03/20/21 07:00

The Brownshirts: Partie Deux; These aare the Muscle We've Been Waiting For
(2 total trackbacks)
Tracked at 香港特首曾荫权和部分高管分别用步行或搭乘公共交通工具的方式上班
西安电加热油温机 香港盛吹“环保风” 专家指市民已从被动变主动 中新网9月29日 淮安导热油电加热炉 电 据香港中通社报道,9月29日晚由香港某环保团体举行的“无冷气夜”,吸引了5万名市民及超过60间企业承诺参加。这是香港最近环保活动不断升温过程中的大型活动之一。 进入九月,香港各界环保活动渐入高潮,层出不穷。特首高官与各界市民齐齐参与,是其中一个最大特色。…
On: 03/21/18 12:12

meaningless marching orders for a thousand travellers ... strife ahead ..
(1 total trackbacks)
Tracked at Casual Blog
[...] RTS. IF ANYTHING ON THIS WEBSITE IS CONSTRUED AS BEING CONTRARY TO THE LAWS APPL [...]
On: 07/17/17 04:28

a small explanation
(1 total trackbacks)
Tracked at yerba mate gourd
Find here top quality how to prepare yerba mate without a gourd that's available in addition at the best price. Get it now!
On: 07/09/17 03:07



DISCLAIMER
Allanspacer

THE SERVICES AND MATERIALS ON THIS WEBSITE ARE PROVIDED "AS IS" AND THE HOSTS OF THIS SITE EXPRESSLY DISCLAIMS ANY AND ALL WARRANTIES, EXPRESS OR IMPLIED, TO THE EXTENT PERMITTED BY LAW INCLUDING BUT NOT LIMITED TO WARRANTIES OF SATISFACTORY QUALITY, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, WITH RESPECT TO THE SERVICE OR ANY MATERIALS.

Not that very many people ever read this far down, but this blog was the creation of Allan Kelly and his friend Vilmar. Vilmar moved on to his own blog some time ago, and Allan ran this place alone until his sudden and unexpected death partway through 2006. We all miss him. A lot. Even though he is gone this site will always still be more than a little bit his. We who are left to carry on the BMEWS tradition owe him a great debt of gratitude, and we hope to be able to pay that back by following his last advice to us all:
  1. Keep a firm grasp of Right and Wrong
  2. Stay involved with government on every level and don't let those bastards get away with a thing
  3. Use every legal means to defend yourself in the event of real internal trouble, and, most importantly:
  4. Keep talking to each other, whether here or elsewhere
It's been a long strange trip without you Skipper, but thanks for pointing us in the right direction and giving us a swift kick in the behind to get us going. Keep lookin' down on us, will ya? Thanks.

THE INFORMATION AND OTHER CONTENTS OF THIS WEBSITE ARE DESIGNED TO COMPLY WITH THE LAWS OF THE UNITED STATES OF AMERICA. THIS WEBSITE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE UNITED STATES OF AMERICA AND ALL PARTIES IRREVOCABLY SUBMIT TO THE JURISDICTION OF THE AMERICAN COURTS. IF ANYTHING ON THIS WEBSITE IS CONSTRUED AS BEING CONTRARY TO THE LAWS APPLICABLE IN ANY OTHER COUNTRY, THEN THIS WEBSITE IS NOT INTENDED TO BE ACCESSED BY PERSONS FROM THAT COUNTRY AND ANY PERSONS WHO ARE SUBJECT TO SUCH LAWS SHALL NOT BE ENTITLED TO USE OUR SERVICES UNLESS THEY CAN SATISFY US THAT SUCH USE WOULD BE LAWFUL.


Copyright © 2004-2015 Domain Owner



GNU Terry Pratchett


Oh, and here's some kind of visitor flag counter thingy. Hey, all the cool blogs have one, so I should too. The Visitors Online thingy up at the top doesn't count anything, but it looks neat. It had better, since I paid actual money for it.
free counters