Gas Prices - Winnipesaukee Forum

04-19-2011, 08:27 PM

#32

P-3 Guy

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Quote:

Originally Posted by MAXUM

Plus they earn more tax revenue on higher prices since it's a percentage of the sale price.

Wrong. The federal gas tax is 18.4 cents/gallon, and has been since 1993. The feds get the same tax revenue per gallon sold, whether the price to the consumer is $1.00 per gallon or $5.00 per gallon.

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