Good day, sir. Your terminology ("Upper Midwest") is not accurate.
The Upper Midwest would be (roughly) Minnesota, Wisconsin, the Dakotas, Iowa, Nebraska, and Illinois.
The area of lowest gasoline prices (light green to dark green) could be called the "Northern Rockies" region.
In business in general, prices are highest (1) taxes are highest and (2) where supply is low and demand is great. In the Northern Rockies region, I would bet anything that the taxes are very low, the supply is good, and the demand is not great (due to lower population?).
I know that they are very conservative and hate taxes up there. I believe that Wyoming doesn't even have a state income tax. (I think that I also read that the whole state had only ten abortions in 2004.)
Mark "The Great One" Levin says that oil companies are not cheating consumers. He explains it this way:
Start with the price per barrel of crude (non-refined) oil -- maybe $72 today.
Divide by 42 (number of gallons per barrel) and get $1.71. That's how much OPEC is nabbing from us (out of the $2.37 to $3.31 we are paying).
What is then left for profit, etc., within the U.S.? $0.66 to $1.60 per gallon, depending on the state and county
But that $0.66 to $1.60 is mostly not profit. It is tax money, local, state, and federal. If I recall correctly, the cumulative taxes can amount to 40% of the OPEC price per barrel (i.e., $0.68).
After taxes, the most of the remaining pittance goes to pay all the refinery expenses, the storage and transportation expenses ("tank farms," delivery trucks, pipelines, etc.), and the service station expenses (upkeep, salaries, etc.).
That hardly leaves anything for genuine profit at the oil company level -- part of which is turned right around and invested in domestic exploration and drilling.
Don't listen to the liberals' lies about "big oil," please.
I would agree, but someone who lived in the Northwest laughed when I called the part of the country I live in (Indiana) as the mid-west, saying "Indiana is neither west nor mid"
Your person living in the Northwest reveals a failure to work U.S. history into his thinking. He should have remembered that what is now called the "midwest" was the MIDdle portion of the nation's "West." (Back then, his now liberal nook was part of a foreign country.)
Good day, sir.
ReplyDeleteYour terminology ("Upper Midwest") is not accurate.
The Upper Midwest would be (roughly) Minnesota, Wisconsin, the Dakotas, Iowa, Nebraska, and Illinois.
The area of lowest gasoline prices (light green to dark green) could be called the "Northern Rockies" region.
In business in general, prices are highest (1) taxes are highest and (2) where supply is low and demand is great. In the Northern Rockies region, I would bet anything that the taxes are very low, the supply is good, and the demand is not great (due to lower population?).
I know that they are very conservative and hate taxes up there. I believe that Wyoming doesn't even have a state income tax. (I think that I also read that the whole state had only ten abortions in 2004.)
Mark "The Great One" Levin says that oil companies are not cheating consumers. He explains it this way:
Start with the price per barrel of crude (non-refined) oil -- maybe $72 today.
Divide by 42 (number of gallons per barrel) and get $1.71. That's how much OPEC is nabbing from us (out of the $2.37 to $3.31 we are paying).
What is then left for profit, etc., within the U.S.? $0.66 to $1.60 per gallon, depending on the state and county
But that $0.66 to $1.60 is mostly not profit. It is tax money, local, state, and federal. If I recall correctly, the cumulative taxes can amount to 40% of the OPEC price per barrel (i.e., $0.68).
After taxes, the most of the remaining pittance goes to pay all the refinery expenses, the storage and transportation expenses ("tank farms," delivery trucks, pipelines, etc.), and the service station expenses (upkeep, salaries, etc.).
That hardly leaves anything for genuine profit at the oil company level -- part of which is turned right around and invested in domestic exploration and drilling.
Don't listen to the liberals' lies about "big oil," please.
I would agree, but someone who lived in the Northwest laughed when I called the part of the country I live in (Indiana) as the mid-west, saying "Indiana is neither west nor mid"
ReplyDeleteYour person living in the Northwest reveals a failure to work U.S. history into his thinking. He should have remembered that what is now called the "midwest" was the MIDdle portion of the nation's "West." (Back then, his now liberal nook was part of a foreign country.)
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