RUC is hardly a hidden tax, everyone else has to pay it
Current Affairs 🌡️ Weather / climate change
- Thread starter wizard of Tauranga
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NZWarriors.com
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- #542
Petrols halved in price to $0.50 per litre in the US (Gallon converted from $1.90) over the past few years.
1 - we have so many taxes on our fuel it’s not funny which causes our cost of living crisis
2 - why doesn’t our petrol ever half in price and jump around like that?
Because the ones who set the taxes don't want us not to pay them.
NZWarriors.com
Firstly because of your first point, with excise duty, road tax, GST, Carbon tax etc more than half the cost of petrol at the pump is tax. Only the GST element varies with the price of the goods, the others are all fixed to volume.
Secondly oil is sold in USD. For the last 8 years our governments have shown very little fiscal prudence. As a result the NZD has declined from 74c to 57c against the USD.
Where are you getting your petrol prices from Wiz?
The average petrol price for regular grade in the US is $2.81 per gallon or $NZD1.24/litre
US petrol price varies massively from state to state. IMO is misleading to look at the average price as this is very distorted by California.
NZWarriors.com
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- #547
The wise one himself
Where Trump is likely getting his $1.98 gas price figure
U.S. drivers were paying $3.165 per gallon on average Monday, according to the motorist association AAA.
Lowest Prices,$2.25 – $2.45,"Oklahoma, Arkansas, Texas, Iowa, Mississippi"
Highest Prices,$3.80 – $4.45,"Hawaii, California, Washington, Nevada"
Highest Prices,$3.80 – $4.45,"Hawaii, California, Washington, Nevada"
One thing you should know by now is that the King is anything but wiseThe wise one himself
Where Trump is likely getting his $1.98 gas price figure
U.S. drivers were paying $3.165 per gallon on average Monday, according to the motorist association AAA.www.cnbc.com