Showing posts with label "gas prices". Show all posts
Showing posts with label "gas prices". Show all posts

Thursday, May 17, 2007

Who Gouges on Gasoline?

According to George Will, it's Uncle Sam and his nieces and nephews (local and state governments):

While oil companies make about 13 cents on a gallon of gasoline, the federal government makes 18.4 cents (the federal tax) and California's various governments make 40.2 cents (the nation's third-highest gasoline tax). [House Speaker Nancy] Pelosi's San Francisco collects a local sales tax of 8.5 percent -- higher than the state's average for local sales taxes.