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2012 Set Record For Most Expensive Gas In US
An anonymous reader writes "According to data from the American Automobile Association, the average price for a gallon of gas in the U.S. was higher in 2012 than in any year before it. Nationwide, gas averaged $3.60/gallon, up from $3.51/gallon in 2011. 'The states with the most expensive annual averages for 2012 included Hawaii ($4.31), Alaska ($4.09), California ($4.03), New York ($3.90) and Connecticut ($3.90). The states with the least-expensive annual averages included South Carolina ($3.35), Missouri ($3.38), Mississippi ($3.39), Tennessee ($3.40) and Oklahoma ($3.41). The highest daily statewide average of the year was $4.67 in Calif. on Oct. 9, while the lowest daily statewide average was $2.91 a gallon in South Carolina on July 3.' Bloomberg reports that fuel consumption is down 3.6% compared to last year, while U.S. oil production reached almost 7 million barrels a day recently, a level that hasn't been reached since 1993. AAA predicts gas prices will be cheaper in 2013."
Did some research, and as 2011, Colombia ranked 4th in price of gas (from most to least) in the whole American continent. USA ranked 15th, and Venezuela ranks last. Curiously, Venezuela is a country that is our immediate neighbor, and their price/gallon is under a dollar. We extract, they extract, but the difference is that their government has seized the properties of many international oil companies, kicking them out of the country, I think that near 2007~2008 they seized ExxonMobil assets and kicked them out, making their refineries state-controlled, which is really awful.
Psst buddy: here's a new year's resolution for you:
Starting in 2013, I will no longer use the made-up word "sheeple" which instantly brands me as an underemployed political talk radio addict.
Gas prices before taxes are fairly consistent throughout most of the developed world. My understanding is that the difference between Europe and the United States has arisen primarily because Europe taxes as a percentage of the price, while the United States taxes on the amount of gasoline. Hence, if the base price doubles, the taxes also double in Europe, but stay the same in the United States. Over time, the difference in price has risen, and should be expected to grow even larger.
It's not cars that cause the deficit, it's subsidies for buses and trains that are depleting the Highway Trust Fund. Congress authorized spending from that pot of money for mass transit - and it's a massive drain on the system. Conversely, cars actually generate net revenue for the system.
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
The UK does both: there is a fixed tax (a "duty"), and a percentage (VAT). The VAT applies to the duty as well as the base price.
The current rate is 58p per litre. http://en.wikipedia.org/wiki/Hydrocarbon_oil_duty
The petrol station opposite my house is selling fuel for £1.39/L, so the cost is (58p fuel + 58p duty) * 1.20 VAT = £1.39.
I think it's the same mechanism in the rest of the EU.
In the US all public non-toll roads are maintained by the government. The fun part is figuring out at what level of government.
Most/all of the maintenance is done by the local governments and individual states. Not only do individual states tax gasoline sales, they also receive money from the federal government. This is how the US government forces the individual states to do things which would otherwise be unconstitutional.
For example, the US constitution gives individual states the right to set a minimum drinking age. However, if the states wish to receive federal highway funds they must set the minimum above 21. Basically, the federal government implements taxes that should be on the state level, then extorts/bribes the states to pass laws that the federal government constitutionally can not pass.
https://en.wikipedia.org/wiki/National_Minimum_Drinking_Age_Act
https://en.wikipedia.org/wiki/Fuel_taxes_in_the_United_States
So lets pretend that we've just completed writing this code, as opposed to having just completed sabotaging it -Altera
Due to short term thinking like that, Venezuela is a rotten country which, without the fortunate accident of having the largest oil reserves in the world, would be an impoverished hellhole like Cuba. 80% of Venezuela's exports are oil. Without oil, Venezuelans would be living on $20/month just like Cubans. Oh and did I mention that Venezuela has the 5th highest murder rate in the world and I'm not talking "among developed countries". People complain about the US rate of 4.2 per 100K, try Venezuelan rate of 45 per 100K.
Negative moral value of force outweighs the positive value of good intentions.