Both the United States Federal Government and each state government have levied a tax on gasoline. When you buy a gallon of gasoline 18.4 cents per gallon goes to the Federal Government since January 1 2011.
State taxes vary and I will provide a sample of them below. As you can see there is a wide difference from State to State and the retail cost seems to follow the tax rate. These State rates were also accurate on January 1 2011.
It is apparent from the table above that the State and Federal Government makes very good money from the sale of gasoline.
The Oil Companies and the Gasoline Producing Plants are making lots of money in our free enterprise system. Based on the table above, it doesn’t appear to me to be in the best interest of any of our state governments or the Federal government to intervene.
Free Enterprise is based on Supply and Demand. We the people must find ways to decrease the need for gasoline and the cost per gallon should decrease as demand decreases.
Papa Dennis Says “We Can Do”
