According to CBS News writer, Bruce Kennedy, “Some critics contend that the pipeline could cause gas prices to rise, especially in the Midwest. That 's because the oil that would be transported is not intended for American consumers. Rather, the Canadian oil currently sent to refineries in Illinois, Ohio and elsewhere in the Midwest would end up being diverted to Keystone, chiefly for export to markets…
Drivers will have to pay an estimated average of $3,000 more to purchase a new vehicle when fully implemented according to recent studies by the National Automobile Dealers Association (NADA). However, this is four times less than what NADA had originally predicted. Still, NADA estimates that approximately 7 million people will not be able to purchase a new vehicle due to the price increase. It’s also been said that “if this rule suppresses new vehicle sales, achieving the nation’s greenhouse gas and energy security goals will be needlessly delayed.” Presidential candidate Mitt Romney has made it apparent that he does not agree with the new regulations. One of Romney’s spokespeople has even been quoted as describing the regulations as “extreme,” adding, “The president tells voters that his regulations will save them…
The price of gasoline is definitely driven by the concept of supply and demand. When prices fall, quantity demand will rise, when price rises, quantity demanded will fall. This statement is true in most cases. But gasoline is a necessity to most Americans. The demand for fuel does not decrease when the price increase. Consumers often influence the price of gasoline. Gas prices in the late spring and summer months are the highest during the entire year. These are the periods when consumers drive the most. This is the time when most construction and manufacturing jobs are in operation. Like now, in the winter, gas prices are at the lowest point in a six month period. The six-month gasoline price chart I viewed at chicagogasprices.com indicates this notion. The average price of gasoline in the Chicago area is between $3.25 - $3.70. In the summertime, we were paying gasoline prices of around $3.80 - $4.50. Consumers are deciding to drive less for recreation and more of going straight from point A to point B. The supply of gasoline has increased during the winter months, and producers capitalize on that surplus with the increased driving by consumers in the upcoming spring and summer months, while increasing the price of gasoline substantially. But in the news, you continue to hear of crude oil shortages. Big Oil Companies reported huge profits on high gasoline prices continuously for the past 4 (Froomkin, 2011). The Big Five oil companies made $36 billion in profits in the second quarter of 2011 (Froomkin, 2011). Consumers are now looking for alternative solutions in transportation because of the unsavory price fluctuation of gasoline prices while oil companies post major profits.…
Currently, you own all of the stock in Valley Hardware Store Inc., a corporation that operates in Viola, Idaho. Mr. Broker, of Big Investment Company has given you 2 recommendations: the first recommendation is that you should move your investments in Certificates of Deposits(CD’s) to state and municipal bonds; the second recommendation given is that you should take out another mortgage as additional capital to also be converted into Municipal bonds. The purpose of which is to receive a double tax benefit offered by taking advantage of both the interest deductions on the new mortgage allowed under I.R.C. §163(a) and the tax exempt benefits on the interest payments of the state and municipal bonds allowed under I.R.C. §103(a). The resolution to these issues is solely dependent on whether or not the Courts will allow the interest on the debt to be deducted, if not, the investment will result in a negative impact causing your company to suffer a loss.…
Currently, the Federal Gas Tax is priced at 18.4 cents per gallon of regular gasoline, and 24.4 cents per gallon of diesel (Jones, P. D.). Additionally, there are other types of taxes that also pay for the highways, such as 24.3 cents per gallon of liquefied natural gas, or 12% tax of tractors and trucks over 33,000 pounds, or trailers over 26,000 pounds (Legislative Affairs and Policy Communications - Policy | Federal Highway Administration,…
50 extra dollars per vehicle or legally registered item may seem like a great deal of money. Especially with the economy the way it is today. Our roads in Loudon County and even in Tennessee alone are excellent roadways. I do not know how many of you have ever traveled outside the state, but almost all other states roadways are horrible. You may not think about these issues until a tax is proposed. In Tennessee alone the state spends approximately three million dollars on our roads every year. We need to look at what we already have and see that our government is trying to better our county and state. We need to consider paying an extra 50 dollars a year per vehicle to continue our excellent roadways.…
The most significant factor in the production of gas is crude oil. The prices in gas fall and rise due to the cost of crude which is established by supply and demand on the global commodities market. During the recession in 2008 and 2009, the gas prices went down because of less demand. However, as the economy progresses, the demand is rising. In the meantime with conflict in the Middle East and North Africa, the supply is at risk. With both the rising demand and the risk of reduced supply, gas prices are increasing. Crude oil comprises of more than 65 % of what Americans pay at the pump. In addition, gas prices are impacted by costs of refining, distribution, government and marketing taxes (API, 2013). This information is especially important to those who…
Hurricane Katrina is the deadliest and most destructive Atlantic tropical cyclone of the 2005 Atlantic hurricane season. Katrina destroyed imports of crude oil and caused a number of refineries in its path to shut down temporarily. It prompted denunciation by politicians of greedy refiners and gasoline dealers, and proposals for federal legislation prohibiting "unconscionably excessive" gasoline price increases. Many states have an anti-gouging law set in place during disasters. But yet just a year before all of this occurred the price of gas was around nearly a dollar eighty. Now gas is almost a dollar and fifty cents more. That is why gasoline price gougers should be punished. It is already the law and it causes the economy to become more unstable.…
If gas providers know they can make profits simply by increasing gas prices, why would they question the petroleum industry? The government should place price controls on gas. Low income families may not be able to afford high gasoline prices, which could lead to them not being able to make it to work and lose their jobs.…
The Price of Gas is Outrageous – And It is Going To Get Even Higher…
Rose, Inc., a qualifying § 501(c)(3) organization, incurs lobbying expenditures of $145,000 during the taxable year. Exempt purpose expenditures are $500,000. If Rose makes the election under § 501(h) to make lobbying expenditures on a limited basis, its tax liability resulting from the lobbying expenditures is:…
People each have different personalities that others like and dislike about them. These individuals can be funny or serious; nice or a jerk; a talker or a listener. All this makes up a person and who they are. A person's personality is similar to a news program; sometimes they can be biased and unreliable; other times they are spot-on and trustworthy. Hardball and O'Reilly are both news programs that display their news differently.…
Every consumer is looking to his or her wallet and bank accounts and wondering where all of their hard-earned money is going. The answer is plain and simple – Gas! Gas prices have slowly begun to hurt families financially; including my own. Families are taking drastic measures to make ends meet to ensure their automobile is topped-off each week. For the past several years, the Nation's economy has seen a steady incline in gasoline prices. This essay will examine the factors that play a significant role contributing to the increasing prices.…
The fundamental goal of interest groups is to influence public policy, change laws, and influence congress. An interest group is an organization of people with shared policy goals entering the policy process at several points to try to achieve those goals. Interest groups go after specific goals, and have specialists helping them rather. They support the issues of candidates rather than run them. Interest groups have their members rally under a common issue, and put forth all their effort to change legislation or influence legislation for that specific cause.…
Profile I am a self motivated, dedicated, and ambitious individual. Although I have a great deal of experience in the food and restaurant industry, I am always looking to broaden my knowledge in other industries. I get along well with others, while also working efficiently on my own. I am seeking a position where I can develop and excel while giving my best to an employer. Experience Server, Bob Evans Flint, Mi January 2012-February 2013 At Bob Evans, I started as a hostess. I worked my way onto the serving floor. Once I became a server, my job description changed from seating guests, and cashing guests out to, taking orders, delivering food, tending to guests needs, while keeping up with the daily cleaning tasks myself and my coworkers shared. I was a closing server, therefore I was responsible for breaking down the server aisle and stocking silver wear, cups, and dishes for the opening servers. Crew Member, Tropical Smoothie Davison, Mi February 2013-August 2013 At Tropical Smoothie Cafe, as a crew member, I was held accountable for knowing how to do every position in the restaurant. These positions included, being on the cash register, making and blending smoothies, and making all food items. Along side of these specialized jobs within the store, I was cleaning, doing dishes, and prepping fruit, vegetables, and meat. I was an opener at Tropical Smoothie, therefore I was responsible for a key to the store, and held accountable for the money in the cash registers when I was opening. Education Kearsley High School - High School Diploma 2013 Skills • Communications -- Good written and verbal presentation skills. Use proper grammar and have a good speaking voice. • Interpersonal Skills -- Able to get along well with co-workers and accept supervision. Received positive evaluations from previous supervisors. • Flexible -- Willing to try new things and am…