gas price going down

[dubob]

you may be right bob , your numbers sound a little low to me . . .

Did you verify them as accurate by looking at the links I provided in my post above?

you may be right bob , your numbers sound a little low to me ,but  that doesn't change my point ,a huge part of buying fuel is the state and federal tax on it, and that it will quickly get to the point that the cost of production will be more of a factor in cost than the price of the crude oil .

I don't know how tax rates are set for fuel.  I can guess that they are inflation driven.  They do change over time and a historical research will show the slowly increasing rate over time.  But the tax rate isn't governed by the cost of crude oil which fluctuates both up AND down over very short periods of time.  Right now, my local Maverik stations are selling regular at $2.299/gal.  So, the tax rate being added by the Federal & State agencies is equal to 21.5% of the total.  If the cost at the pump drops to say $1.999/gal, then the tax rate becomes 24.7%.  WHEN it goes back up to $2.999/gal the rate will be 16.5%.  At $3.999/gal you get 12.3%.

I DO understand the point you are trying to make.  I just have a very hard time understanding why you think that the RATE of taxes added to fuel costs is HUGE.  If the tax rate was 75% or more of the fuel cost, that would qualify as huge to me.  But at less than one quarter of the total cost - nah.  No disrespect intended mtncat1, but being an electronics engineer in a previous life made me look at all the facts and figures.  Besides, what else am I going to do under this STAY SAFE, STAY HOME period?  Good health & tight lines to you in the future.