17

Oct

Posted by admin as Gas Prices

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17

Oct

Posted by admin as Petrol Prices Australia

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17

Oct

Posted by admin as Fuel Prices

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06

Oct

How come high gas prices are good for big oil but high cigarettes prices are bad for big tobacco?

Posted by admin as Gas Prices

smokers are addicted and they keep paying. People have to drive to get to where they go so they keep paying the high gas prices. In California there was a bill to raise cigarette prices by $1. It wasnt the tobacco companies paying it, it was the smokers. Why did the tobacco companies fight it? Wouldnt they make more money since the there would be higher prices and smokers would continue paying them? Why dont they want high cigarette prices but big oil wants high gas prices? Why is it bad for one and not the other?

In my state cigarettes sell for around $5.50/pack and out of that the tobacco company gets .25/pack the rest is state and federal taxes. The government likes high prices on things they tax so heavily because they benefit more than both oil and tobacco companies. For example if the oil company grosses 5million then the government make more than 5 times that amount. It is pretty simple when taxes are raised they are always paid by those that least afford it.
The biggest reason for high gas prices and almost everything else at present is the FED. When the FED prints more money it causes the value of the dollars already in circulation to drop in value (inflation) and in a world market prices go up just to stay even! With a standard for our money like gold & silver used to be it was harder to have inflation because they couldn’t just print more currency. For example: in 1964 a silver dollar could buy you about 3+ gallons of gas, that same silver dollar today can buy you more than 6 gallons of gas.

28

Aug

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28

Aug

Posted by admin as Petrol Prices Australia

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28

Aug

Posted by admin as Fuel Prices

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26

Aug

Posted by admin as Gas Prices

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26

Aug

Posted by admin as Petrol Prices Australia

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26

Aug

Posted by admin as Fuel Prices

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Valid &