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Economy
In reply to the discussion: I seem to remember the last time oil was $100/barrel, [View all]BumRushDaShow
(156,677 posts)19. "Pennsylvania 52 cents a gallon" (nope)
PA's gasoline taxes were raised to 58 cents a gallon in January 2017 - 5 1/2 years ago.
Get ready for another gas tax increase
Updated: Dec. 13, 2016, 7:12 p.m. | Published: Dec. 13, 2016, 6:12 p.m.
By Barbara Miller | bmiller@pennlive.com
Drivers in Pennsylvania face the third and last installment of gas tax increases Jan. 1 resulting from Act 89, a bipartisan effort to address a large backlog of highway and bridge repair needs in the state.
The increase in the tax is the equivalent of about eight cents per gallon, which is expected to generate $299 million more next year to fix roads and bridges and pay for state police protection on the highways.
(snip)
The current tax is about 50 cents per gallon, which will rise to about 58 cents in January. A federal excise tax adds another 18.4 cents, bringing the tax total to 76.4 cents.
https://www.pennlive.com/news/2016/12/get_ready_for_another_gas_tax.html
Updated: Dec. 13, 2016, 7:12 p.m. | Published: Dec. 13, 2016, 6:12 p.m.
By Barbara Miller | bmiller@pennlive.com
Drivers in Pennsylvania face the third and last installment of gas tax increases Jan. 1 resulting from Act 89, a bipartisan effort to address a large backlog of highway and bridge repair needs in the state.
The increase in the tax is the equivalent of about eight cents per gallon, which is expected to generate $299 million more next year to fix roads and bridges and pay for state police protection on the highways.
(snip)
The current tax is about 50 cents per gallon, which will rise to about 58 cents in January. A federal excise tax adds another 18.4 cents, bringing the tax total to 76.4 cents.
https://www.pennlive.com/news/2016/12/get_ready_for_another_gas_tax.html
I won't even get into the extra 2% sales tax that Philly adds onto the state's 6% sales tax for purchases in the city.
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A number of companies have actually been reporting a percentage increase in profits
cstanleytech
Jul 2022
#10
What the market will bear is based on supply and demand. Indirection failed. . . . nt
Bernardo de La Paz
Jul 2022
#30
It sure used to be a lot cheaper filling up your car with crude oil than it is now.
MichMan
Jul 2022
#18
Analysis of the price of a manufactured product based solely on raw material costs is simplistic
MichMan
Jul 2022
#34
True. But also, there's a lag between falling oil price and falling gas price,
thesquanderer
Jul 2022
#20