Posted by Buzzman72 on May 07, 2010 at 23:59:16 from (74.129.194.33):
In Reply to: Re: O/T Price of oil posted by trucker 40 on May 07, 2010 at 17:44:50:
A dollar a gallon oil "protection charge"??? CITE YOUR SOURCE. I did a search for "oil protection fee" and the ONLY reference that came up was a COASTAL protection fee, charged by the State of Texas, on oil shipped into or from Texas ports...and the Texas tax was .13333 cents [yes, that's LESS than one cent] per BARREL [42 US gallons]. So the tax would amount to about a PENNY on every 7-1/2 BARRELS...or a penny on every 315 gallons of crude...and if the oil was transported within or out of Texas via truck or pipeline, there would be NO outgoing tax, only incoming. [Under certain circumstances, the state has the option to raise the tax to 4 cents PER BARREL, if their environmental fund is nearly depleted]. That's certainly NOTHING like a DOLLAR a GALLON...so CITE YOUR SOURCE!!!
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