Gas Prices - My 2 Cents - Stop Whining!!

[LordBaine]

Originally Posted by MeatGrinder

So how much money should Exxon make? Nothing? 1%? Should gas
be free to everybody? How about let the government run the whole thing.

lol...i would love free gas but that is not what I am saying. All I am saying is, if they pay $29.8 billion in taxes and they fill there taxes they get back a vast majority of they money back if the managed there money back. that my wife for instance she paid over 18K in taxes but after filling her taxes she got back over 13K. So if you do the math 18k - 13k = 5K is what she really paid. So i doubt they paid $29.8 billion in taxes after filling there taxes. but if they did 29.8 billion is probly the number after filling, so the number amount they paid before fill is probly like over 100billion saying they profits are over 100 billion. and after 1million your are taxes at 61% of you money. i know my number are probly not exact but hopefully you understand what i am saying. or my wife is running her business wrong and need to pay more taxes then what ahe is paying...but like i said i can kinda understand your point.

[steele79]

yeah i used to have a 06 elantra and i bought a 05 300c and i used to pay about 240 a month in gas for the elantra. And now about 600 for the 300 just around 360 bucks more give or take but i'm fine with it.I own my own business and i drive around seeing clients but i just try to plan out my days a little better and driving the speed limit saves on gas a ton... well ok i do drop the hammer sometimes. But i think you cant always just go on the price of gas alone yeah its expensive but driving a 300 up to a clients looks alot better than a elantra you don't get leather or heated seats and all the bells an whistles or a nav system in an elantra. And when i started the elantra up i didn't get the same thrill as listing to that hemi purr .And well the ladies like the 300 WAY more than the elantra trust me no girl ever came up to me and said "wow nice elantra you're very fiscally conservative" so yeah gas is getting expensive but you just cant look at that its just a part you need to look at a whole to get the big pic. And i would never go back to my elantra or a prius you can and thats fine but mpg isn't everything

[Manny 08]

Originally Posted by MeatGrinder

Exxon makes an average return of 9% year after year. The "Big Oil" companies also make between a 8-9% return, year after year.

As a comparison:

Microsoft 2007 sales of 51.1 billion, net profit of 14 billion = 27% return

Coca Cola 2007 sales of 28.8 billion, net profit of 6 billion = 21% return

So stop blaming Exxon, and start getting mad at Coke.

BTW, Exxon paid $29,800,000,000.00 in income taxes last year. That's
29.8 billion. But what the heck. Let's squeeze 'em for more. That will
make everybody feel better.

Your figure of 9% is about 4 years old. As gas prices went up so did there profit.

Exxon Mobil's 17 percent profit increase lagged behind the gains of 25 percent and 63 percent by Royal Dutch Shell Plc and BP Plc.

Houston-based ConocoPhillips, No. 3 in the U.S., posted a 17 percent profit increase, to $4.14 billion

Bloomberg.com: Worldwide


Look, I know they are in the business of making money. I just bought my 300C 3 weeks ago. I knew what the gas prices were and that they will go up. I not bitching or whining, but I do not believe that a company makes 40 Billion on a 9% profit.

[LordBaine]

Originally Posted by Manny 08

Your figure of 9% is about 4 years old. As gas prices went up so did there profit.

Exxon Mobil's 17 percent profit increase lagged behind the gains of 25 percent and 63 percent by Royal Dutch Shell Plc and BP Plc.

Houston-based ConocoPhillips, No. 3 in the U.S., posted a 17 percent profit increase, to $4.14 billion

Bloomberg.com: Worldwide


Look, I know they are in the business of making money. I just bought my 300C 3 weeks ago. I knew what the gas prices were and that they will go up. I not bitching or whining, but I do not believe that a company makes 40 Billion on a 9% profit.

and any profit they made is not the total in sells made for the year, it just the extra money they have left over after operating cost. lets say 250billion is is total made in sells and after taxes paid they have 120 billion left and after lets say 180 billion operating cost(including expenses ansd misc. spending) and after they fill there taxes they pay 29billion in taxes they have a 40 billion profit. or something like that. you get my point...well i tried to apply what our CPA do for my wife financial statement for her profits...but i think i butchered it....lol.

BTW...this is my last post on this...i am sure you guys are tired of me...lol. or you just PM me you complaints about my view point...i think we moved this thread away from its original intent...peace see you on other threads.

[kevenj]

Originally Posted by LordBaine

Microsoft profits dont come from raising there prices, it from selling more products. and the same with coca cola. i was paying $5 for 2 cases of coke 5yrs ago and last week paid the same thing.

if Exxon CPA's are as smart as me they got most of that money back. I paid over #7k in taxes and got back over $7k. and that was the legal way. yes squeeze them for more...they squeeze me for more...so why not. my wife runs her own daycare and she make more then she made last year. but she did not raise her prices...she just increased the amount of kids at her daycare. and you do not want to know how much she pays in taxes. but i guess i can understand you point if Exxon dont get any money after paying there taxes. but then again if thats the case then they are not smart with the money.

A corporation like Exxon doesn't have taxes withheld every week like you do from your paycheck, only to get a refund at year's end.

They pay estimated payments quarterly, then when they file their taxes at the end of the year they may get a refund or they may have to pay more!

The $29 BILLION referred to was the net amount of taxes that they paid. Whether they paid 30 billion through the year and then got $1 billion back, or whether they paid $20 billion in estimated taxes and then had to pay the balance at the end of the year makes no difference. They paid TWENTY NINE THOUSAND MILLION DOLLARS in income taxes!

[kevenj]

Here is the true explanation for high gas prices; basically what I said in an earlier post, but better written and easier to understand:

Government Responsible for High Gas Prices

[LordBaine]

Originally Posted by kevenj

A corporation like Exxon doesn't have taxes withheld every week like you do from your paycheck, only to get a refund at year's end.

They pay estimated payments quarterly, then when they file their taxes at the end of the year they may get a refund or they may have to pay more!

The $29 BILLION referred to was the net amount of taxes that they paid. Whether they paid 30 billion through the year and then got $1 billion back, or whether they paid $20 billion in estimated taxes and then had to pay the balance at the end of the year makes no difference. They paid TWENTY NINE THOUSAND MILLION DOLLARS in income taxes!

i know i said my last post was it but....my wife pays her taxes on the same schedule as Exxon so i know they pay that way....but if she made 40billion in profits then IMO $29.8billion in taxes is worth it. imagine how much they made if that is all they paid. i feel no petty for them...the corporate guy's make so much money its crazy. if i made 20million a year and had to pay 11million in taxes i would not complain myself because there is nothing i can not do with 9million....hell give me 9million a year after taxes and i'll put 6million in a money market or something and i can live the rest of my life off just the interest. one of the forum member on another forum i know personally is a millionaire and that is what he do. and he makes more in interest then he lives off. so i know these corporate guys are not hurting for money. most of these extremely wealthy guy's have taxes havens. from my wife starting her own business we have found so many ways that is legal to cut the amount of taxes paid, i am sure the corporate CPA's do the same thing as the CPA's for small business. But small business do not get all the same havens as large business. these companies only start hurting when they do not manage there business in the right ways, that is why the the business managers switch so often...but most never have to get another job after they are fired anyway....(huge bonuses if they are smart)...the more you make the greedier you get...lol....sorry for the thread jack.

[Stefan Tapp]

Originally Posted by Inferno07

Badger,

How much does it cost to send your children to "University" ? How much does your health coverage cost? How large is the country you live in? How far is your average commute? And how much of that gas price, is TAX?

Yep that's what I thought...

Remember that in America we will soon be paying $4.00 a gallon on top of 30 to 60 thousand a year tuition for the kids, with an averge commute of 30-45 minutes each way and paying our own health care to the tune of 400+ per human per month.

I pay $0.45 cents per gallon in taxes, not $4.00 per gallon in taxes.

Just to fill in the blanks

How much does it cost to send your children to "University" ? A minimum of $24,000 per child per year

How much does your health coverage cost? About 11-12% of your salary taken in the form of National Insurance (which allegedly also includes pensions that we'll never see)

How large is the country you live in? 93,000 Square Miles, population 60 million

How far is your average commute? 54 minutes per day, 86 minutes in London (me personally 2hr 40 minutes and 110 miles round trip)

And how much of that gas price, is TAX? 63%

Hope that answers your question/statement?

Stef

[44mpg by 2010]

Plug-In, Hygrid, or Diesel and 300C Fans?


This started out about hybrids and plug-in electric hybrids so please stay with me on the logic.

Let us start with the Ford Focus which some suggest is not selling well.

Here are several questions:

1) Is the Focus a "small death trap" vehicle?

2) Is the Focus an "econo box"?

3) What would the Focus sales volumes be ... IF ... it got 54 mpg(US) [about 66 mpg(Imperial)] combined cycle and 65 mpg(US) highway?
VCAcarfueldata.org.uk - Search Results - Further Information

4) What torque would you need from a 3,000 pound vehicle to be satisfactory to you? Would 175 foot pounds be adequate? [I know your answer to this is "NO!" ... but please keep going through the logic.]

IF 175 foot pounds is adequate ... a 1,120 cc version of Mercedes' NEW 2143 cc turbo diesel COULD be matched with that Ford Focus and a properly matched "new" high efficiency "smart" 6 speed automatic transmission. This combination can be predicted to deliver fuel economy in a range somewhere between 90 and 120 mpg(US) combined average!
New generation of four-cylinder diesel engines from Mercedes-Benz leads the way

5) How well do you think this ~100 mpg(US) combined average Focus would sell (even if the price WAS $4~5k ABOVE current invoice)?

6) Do you think this proposed ~100 mpg(US) combined average Focus could/would OUT SELL the 44 mpg PRIUS?

7) What chance would GM's "volt" have against this 100 mpg Focus?

Don't forget this proposed machine would NOT ever need to be plugged in and 10 gallons of diesel fuel would yield about 1,000 miles of travel.

GOOD GRIEF ... CHARLIE BROWN!!! That is ... 15,000 miles on 150 gallons of fuel! That is only $900 even at $6 per gallon!!! That is $0.06 per mile ... AND ... we would NEVER have to plug it in!

It appears that a 100 mpg clean turbo diesel Focus WOULD BE the WINNER ... over both the hybrid and the plug-in!

Here is the primary thought ... IF ... 20% of the autos on the road in the US were these 100 mpg clean turbo diesels, then US OIL IMPORTS ... would probably be reduced by more than 30%.

That would "free up" about a $200 BILLION/year no longer needed to pay for IMPORTED OIL!

Put that $200 BILLION/year into the domestic economy and it becomes millions of jobs, which in turn should generate about $200 BILLION/year in NEW tax revenues ... with the opportunity to reduce income taxes by about $700 per person/year.

And then you can keep your 300C, pickup, or SUV ... and still have an opportunity to get a reduction in your income taxes because of very high mpg vehicles.

See, I told you it does have somthing to do with 300Cs and their owners.

WIERD ... isn't it?

** SAVE AMERICA ... ONE GALLON at a TIME **

****** More 44 (100?) mpg (in the US) by 2010 ******

*** PUT MONEY .. in the BANK .. NOT .. in the TANK ***

[Stefan Tapp]

I think our diesel 300C's would be very good for the North American market, mine averages 35 MPG, over 40 on a long run, does 0-60 in around 6 seconds or less, is very quiet, sounds more like a gas powered V6 than a diesel with loads of power right through all 5 gears.

Stef