- Joined
- Mar 27, 2005
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- Location
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- Slightly Conservative
I know this study has been done countless times.. but I've yet to see an updated version of this type. The problem is not with the price for the Gas, but with the Taxes on the gas!
As we all know, Gas Prices have risen to about $2.48 per Gallon (Nation Average http://money.cnn.com/2005/08/15/news/economy/gas_prices/ [Dated 8/15/05])
If you go here (http://www.taxadmin.org/fta/rate/motor_fl.html) You can find this years tax on Gas Prices per Gallon. Now, let's do some simple math.
First we start off with the Average Amount of Gasoline (Per Gallon):
$2.48 (Price per Gallon on nation wide average)
MINUS
$0.26 (rounded amount of Tax stated for North Carolina)
EQUALS
$2.22 Per Gallon W/O Tax
Now let us compare these prices with other liquids, sold in gallon form.
(http://www.awwa.org/Advocacy/learn/info/PricePerGallon.cfm)
According to American Water Works Association:
Cost per gallon:
Chanel No. 5 Parfum: $45, 056
Revlon Nail Enamel: $983.04
Visine Advanced Eye Drops: $741.12
Vicks 44D Cough Syrup: $96.67
Coppertone SPF 45 sun-block lotion: $90.11
Pepto-Bismol: $58.52
Evian bottled water: $21.19
Mocha at Peaberry coffee (tax included): $22.28
Corona beer: $12.89
Snapple: $10.32
Tide liquid detergent: $8.39
Coca-Cola: $2.64
Tap water, Denver Water - .00186 cent for 11,000 gallons or less per month, including monthly service charge
even WITH the added tax amount, the nation wide average for gas falls somewhere between tap water and Coca-Cola.
So in reality, it's not so bad.
As we all know, Gas Prices have risen to about $2.48 per Gallon (Nation Average http://money.cnn.com/2005/08/15/news/economy/gas_prices/ [Dated 8/15/05])
If you go here (http://www.taxadmin.org/fta/rate/motor_fl.html) You can find this years tax on Gas Prices per Gallon. Now, let's do some simple math.
First we start off with the Average Amount of Gasoline (Per Gallon):
$2.48 (Price per Gallon on nation wide average)
MINUS
$0.26 (rounded amount of Tax stated for North Carolina)
EQUALS
$2.22 Per Gallon W/O Tax
Now let us compare these prices with other liquids, sold in gallon form.
(http://www.awwa.org/Advocacy/learn/info/PricePerGallon.cfm)
According to American Water Works Association:
Cost per gallon:
Chanel No. 5 Parfum: $45, 056
Revlon Nail Enamel: $983.04
Visine Advanced Eye Drops: $741.12
Vicks 44D Cough Syrup: $96.67
Coppertone SPF 45 sun-block lotion: $90.11
Pepto-Bismol: $58.52
Evian bottled water: $21.19
Mocha at Peaberry coffee (tax included): $22.28
Corona beer: $12.89
Snapple: $10.32
Tide liquid detergent: $8.39
Coca-Cola: $2.64
Tap water, Denver Water - .00186 cent for 11,000 gallons or less per month, including monthly service charge
even WITH the added tax amount, the nation wide average for gas falls somewhere between tap water and Coca-Cola.
So in reality, it's not so bad.