Re: WHO GETS THE EXTRA MONEY?

"Your friendly US government

If the govt. reduced it tax by 50% on a gallon of gas it would be a bit
over
2 bucks a gallon"

Say what? Fed tax on gas is $.18 per gallon.
http://www.energy.ca.gov/gasoline/gasoline_taxes.html

The gouging is occurring in the commodities market. Middle men drive up
the 
cost through competitive bidding on "futures" that is to say, oil that
will 
be pumped in the future. They guarantee to pay a fixed price and sellers 
then sell to them at that price. They in turn sell to the refiners. 
What's 
happening is that refiners keep a 30-60 day surplus in storage. This was 
purchased at the previous lower price. When speculators drive the future 
price up, the refineries re-adjust their cost to dealers and reap the 
windfall.



-- 
R J Talley
Teacher/James Madison Fellow
"What? Me Worry? Alfred E Newman