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General Discussion

JustABozoOnThisBus

(24,686 posts)

7. The impact on gasoline will be higher per gallon

Reply to -none (Reply #6)

Fri Feb 5, 2016, 06:59 PM

Feb 2016

Refineries in the United States produced an average of about 12 gallons of diesel fuel and 19 gallons of gasoline from one barrel (42 gallons) of crude oil in 2014. Many other petroleum products are also refined from crude oil. Refinery yields of individual products vary from month to month as refiners focus operations to meet demand for different products and to maximize profits.

https://www.eia.gov/tools/faqs/faq.cfm?id=327&t=9

Editing because a gallon of gasoline is made of 90% of a gallon of gasoline and 10% of a gallon of ethanol. So, 90 percent of $10 gas on 42 gallons of crude, oh, forget it.

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$10 a barrel [View all] cilla4progress Feb 2016 OP

sounds a lot like what Bernie would do!! Go for it. juxtaposed Feb 2016 #1

If we are ever going to tax oil significantly now is the time to do it. pampango Feb 2016 #2

How about just making the oil companies pay for repairing the damage they do. postulater Feb 2016 #3

Thats more than doubling of the tax Travis_0004 Feb 2016 #4

This is a tax on crude oil, not gasoline. -none Feb 2016 #6

The impact on gasoline will be higher per gallon JustABozoOnThisBus Feb 2016 #7

That 12 + 19 gallon statistic is rather slippery, as is all oil industry accounting. hunter Feb 2016 #18

Where does gasoline come from? Travis_0004 Feb 2016 #11

From Heaven Octafish Feb 2016 #12

The crude oil in the barrel -none Feb 2016 #13

Perfect FLPanhandle Feb 2016 #5

Dead on arrival and will give the GOP a club to use on the Democratic nominee Ex Lurker Feb 2016 #8

Oil/gas is a racket. gvstn Feb 2016 #10

taxing wont change the profit Travis_0004 Feb 2016 #17

I may be naive. gvstn Feb 2016 #20

The problem is its a global market Travis_0004 Feb 2016 #21

Personally madokie Feb 2016 #9

Good post bigwillq Feb 2016 #14

This message was self-deleted by its author Amishman Feb 2016 #15

this would be a regressive tax Amishman Feb 2016 #16

I have mixed feelings, Sen. Walter Sobchak Feb 2016 #19

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