Oil is less than $44.00 a barrell

[UserRemoved1]

btw, I'm not positive on this but the reason I made a comment on gas not being able to go down is that I believe there is a minimum gas tax in most states plus a percentage that is based on the Consumer Price Index. I know Maine has a state law that automatically raises the fuel tax every July based on the CPI percentage.

If the wholesale price of gas is around $1 a gallon right now and drops to say .50/gallon then it's still going to be over $1 a gallon no matter what. You got the fuel taxes and then you got the distributor markup then the gas station markup too. So if right now it's $1 a gal wholesale and the street price is $1.65 then there's roughly .50 a gallon fuel tax in there and the dealers are making squat. .15 a gal right now. That's scary....

[Joe]

My town is doing a re-evaluation of properties. As everyone knows, property values are down. My town expects valuations to be lower. But this will not result in lower taxes, because the town will raise property taxes in order to keep tax revenues the same. Down the road, when property vaules come back some, they got themselves a defacto tax raise. Pretty slick.

[ReelinRod]

Originally Posted by #^&#^&#^&#^&#^&#^&#^&#^&#^&#^&#^&

I believe there is a minimum gas tax in most states . . .

So if right now it's $1 a gal wholesale and the street price is $1.65 then there's roughly .50 a gallon fuel tax in there and the dealers are making squat. .15 a gal right now. That's scary....

Station margins have always been small.

Federal tax is 18 cents per gallon.