State Gas Taxes


Rising frustration with gas prices has led two presidential candidates, Senators John McCain and Hillary Rodham Clinton, to promote proposals to suspend the federal gas tax from Memorial Day to Labor Day.

But state gas taxes, which run as high as 45.5 cents a gallon, often add far more to the price of gas than the 18.4-cent federal excise tax and are the primary cause of price disparities across state lines. So lawmakers and candidates at the state level have been getting into the act.

The response speaks not just to the reality of skyrocketing gas prices. It also highlights the political potency of anything that affects Americans’ bonds with their cars. Gas is a product that no one can ignore — and one that inspires intense emotion.


States Get In on Calls for a Gas Tax Holiday 
NYT, May 6, 2008

Category: Energy, Taxes and Policy

Quote of the Day: US Energy Policy

Category: Energy, Taxes and Policy

Sentiment Data `Puzzling’

Richard DeKaser Calls Consumer Sentiment Data `Puzzling’



U.S. Consumer Sentiment Decreases to 28-Year Low
Shobhana Chandra
Bloomberg, May 16 2008

Category: Real Estate, Video

Barron’s Interview with Sy Jacobs

Category: Credit, Real Estate

Untapped Resources?

Category: Energy, Taxes and Policy

Herb Greenberg’s 5 Simple Lessons

Category: Earnings, Financial Press, Investing, Legal, Valuation

♪ Tighten Up ♪

James Brown’s version of Tighten Up   (1968)

And the original Archie Bell and the Drells version

Archie Bell and the Drells


Category: Digital Media, Music, Video

Do-It-Yourself Memorial Day Linkfest

Category: Weblogs

Macro vs. Detailed Perspective

Category: Financial Press, Markets, Psychology

Another good Friday on CNBC — excellent guests, discussing real issues, and in great detail.

Like the interview two weeks ago with David Einhorn and William Ackman, this shows how good finacial television can be when a smart guest discusses weighty topics with sufficient time to go into details beyond bumper sticker.

I don’t know much about David Walker, but I was very impressed with him. Here’s info on the Peterson Foundation.

I don’t think the videos have as much Walker as they did on TV . . . 


Private Equity With Pete Peterson
click for video

Discussing the state of private equity, with Pete Peterson, The
Blackstone Group chairman/co-founder and David Walker former U.S.


Wall Street Star
click for video

Perspectives on the economy, with Pete Peterson, The Blackstone
Group chairman/co-founder and David Walker former U.S. Comptroller



Video: David Einhorn, Greenlight Capital, William Ackman, Pershing Square Capital

Category: Economy, Energy, Taxes and Policy, Video