factsonfuel.org

Just found this web site called facts on fuel. It explains how ULSD will affect our cars and explains everything about the phase in period, as well as the EPA regulations.

Additionally, it has an interesting chart showing how taxes affect the price of diesel.

http://www.factsonfuel.org/diesel/index.html

EDIT: As far as taxes are concerned, New York and Alaska stick out. Alaska having the lowest and New York on the other side of the spectrum having the highest.

Just found this web site : Which appears to be sponsored by the oil industry. It does not really say who set it up.

It should be noted, that while they indicated the link between crude cost and final price, they did neglect to acknowledge that there was a general increase in cost between the two (oil company profit) based on their figures.

As far as taxes are concerned, New York .. having the highest. Actually I believe Hawaii had the highest.

Joe_Meehan said:

Just found this web site : Which appears to be sponsored by the oil industry. It does not really say who set it up.

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The domain name is registered by the American Petroleum Instutute (API).

Go to their main site for more interesting facts about fuel.

Its api.org, not api.gov. Its not a government entity.

The Americian Petroleum Institute is in Washington, DC and is the trade assoiation that represents Americian oil refiners and their interests. This group is against alternative fuels, taxing big oil, etc. I interviewed with them once for an API Standards developer position.

--Nate

The domain name is registered by the American Petroleum Instutute (API).

Well surprise, the oil industry presents in formation that infers that they are not making any big money off the current price of oil.

Joe_Meehan said:

The domain name is registered by the American Petroleum Instutute (API).

Well surprise, the oil industry presents in formation that infers that they are not making any big money off the current price of oil.

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Makes sense to me: it certainly explains why the oil companies are making record profits.

10% profit on sales is a record?

What I found interesting and did not know before was that you actually get more volume of the total products from a barrel of crude than when you started because of expansion.

So a 44gal barrel yields more than 44gal of petro products - interesting!

Variant TDI said:

10% profit on sales is a record?

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I spent 30 years as a tax auditor. In some industries 3% profit is fantastic. I might add that creative accounting can somehow change a very high profit to almost nothing. Accounting is an art form for some.

Joe_Meehan said:

Accounting is an art form for some.

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I bet that you have found lots of funny monies, haven't you ?

BioThomas said:

I bet that you have found lots of funny monies, haven't you ?

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I have seen some interesting things.

Joe_Meehan said:

I have seen some interesting things.

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Yeah, eventhough I am not a CPA or an accountant by profession, I've seen some interesting things too.