If the war can keep the price of gas up for 20 months, the increased revenues, from gas, will pay for the war.

[ElmerMudd]

If the war can keep the price of gas up for 20 months, the increased revenues, from gas will pay for the war.
The US consumers purchase about 375 million gallons of gas a day. With the price of gas up $1 per gallon, that is 11 billion dollars in increased revenue, from the higher price of gas, per day. In 20 months, that would be 225 billion dollars in incresed revenue. That will cover the iniitial 200 billion Trump wants for the war.
Now we know why Trump said "The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,"
Oil companies do better when the priceof gas is up. Trump's money supporters.

Trump suggests high oil prices are a positive after bragging about low gas prices last month

The about-face comes as Trump's team has struggled to offer a clear plan for opening up the critical Strait of Hormuz so that tankers full of oil and natural gas are no longer stranded.

www.pbs.org

 

[Crepitus]

If the war can keep the price of gas up for 20 months, the increased revenues, from gas will pay for the war.
The US consumers purchase about 375 million gallons of gas a day. With the price of gas up $1 per gallon, that is 11 billion dollars in increased revenue, from the higher price of gas, per day. In 20 months, that would be 225 billion dollars in incresed revenue. That will cover the iniitial 200 billion Trump wants for the war.
Now we know why Trump said "The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,"
Oil companies do better when the priceof gas is up. Trump's money supporters.

Trump suggests high oil prices are a positive after bragging about low gas prices last month

The about-face comes as Trump's team has struggled to offer a clear plan for opening up the critical Strait of Hormuz so that tankers full of oil and natural gas are no longer stranded.

www.pbs.org

The government doesn't get that money.

 

[1srelluc]

 

[Conservative from Georgia]

If the war can keep the price of gas up for 20 months, the increased revenues, from gas will pay for the war.
The US consumers purchase about 375 million gallons of gas a day. With the price of gas up $1 per gallon, that is 11 billion dollars in increased revenue, from the higher price of gas, per day. In 20 months, that would be 225 billion dollars in incresed revenue. That will cover the iniitial 200 billion Trump wants for the war.
Now we know why Trump said "The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,"
Oil companies do better when the priceof gas is up. Trump's money supporters.

Trump suggests high oil prices are a positive after bragging about low gas prices last month

The about-face comes as Trump's team has struggled to offer a clear plan for opening up the critical Strait of Hormuz so that tankers full of oil and natural gas are no longer stranded.

www.pbs.org

Tell us:
1) how much revenue the increased gas price will generate.
2) How much will the war cost.

You have no numbers about either. Not even an estimate.

 

[leftwinger]

Federal gas tax is "per gallon". At high price per gallon gasoline may sell less? This would decrease revenue. Same for state revenue.//

 

[Conservative from Georgia]

Federal gas tax is "per gallon". At high price per gallon gasoline may sell less? This would decrease revenue. Same for state revenue.//

Not to mention, OP doesn’t mention that Trump is trying to get the Hormuz strait open.

So even Trump doesn’t buy OP’s made-up math.

 

[Augustine_]

Not to mention, OP doesn’t mention that Trump is trying to get the Hormuz strait open.

So even Trump doesn’t buy OP’s made-up math.

If you think Trump calculates anything at all before he does something you haven't paid any attention

 

[ElmerMudd]

Tell us:
1) how much revenue the increased gas price will generate.
2) How much will the war cost.

You have no numbers about either. Not even an estimate.

If the price stays the same for 20 months there will be 225 billion dollars in incremental revenues. If the price goes up, more.
Who knows what the war will cost but they are asking for 200 billion in new funds

 

[leftwinger]

Read post #5. Tax is a fixed amount per gallon, not a % of the price per gallon. WTH?

And you keep it going? Wow! I'm not going to work any harder to explain it.//

Federal gasoline tax in the United States is 18.4 cents per gallon, a rate that has remained unchanged since 1993.

So if you sell 100 gal you get $18. If you sell 1000gal you get $184. No matter how much it costs the buyer at the pump.

 

[ElmerMudd]

Read post #5. Tax is a fixed amount per gallon, not a % of the price per gallon. WTH?

And you keep it going? Wow! I'm not going to work any harder to explain it.//

Federal gasoline tax in the United States is 18.4 cents per gallon, a rate that has remained unchanged since 1993.

So if you sell 100 gal you get $18. If you sell 1000gal you get $184. No matter how much it costs the buyer at the pump.

My mistake. The oil companies will benefit with increased reveues of 225 billion dollars. They could pay the incremental costs of the ar.

 

[Kruska]

If the war can keep the price of gas up for 20 months, the increased revenues, from gas will pay for the war.
The US consumers purchase about 375 million gallons of gas a day. With the price of gas up $1 per gallon, that is 11 billion dollars in increased revenue, from the higher price of gas, per day. In 20 months, that would be 225 billion dollars in incresed revenue. That will cover the iniitial 200 billion Trump wants for the war.
Now we know why Trump said "The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,"
Oil companies do better when the priceof gas is up. Trump's money supporters.

Trump suggests high oil prices are a positive after bragging about low gas prices last month

The about-face comes as Trump's team has struggled to offer a clear plan for opening up the critical Strait of Hormuz so that tankers full of oil and natural gas are no longer stranded.

www.pbs.org

Ehm.... revenue isn't profit, and government purchase bills are paid for from a federal tax revenue or debt.

Federal tax in all US states is around 18c on a gallon. So the present annual federal tax amounts to around US$ 70 million per day and around US$ 25 billion per year, or around US$ 41 billion in 20 month.

That TACO is helping to enrich his oil-buddies is obvious. Since the refining costs of crude oil to petrol are around US$ 0.60. And cost of crude oil will be simply added. + the individual State tax.

 

[ElmerMudd]

Ehm.... revenue isn't profit, and government purchase bills are paid for from a federal tax revenue or debt.

Federal tax in all US states is around 18c on a gallon. So the present annual federal tax amounts to around US$ 70 million per day and around US$ 25 billion per year, or around US$ 41 billion in 20 month.

That TACO is helping to enrich his oil-buddies is obvious. Since the refining costs of crude oil to petrol are around US$ 0.60. And cost of crude oil will be simply added. + the individual State tax.

Actually tax revene will go down, Higher price gas, people drive less. fewer miles driven, less tax collected. But private companies will have increased revenue but their expenses will not go up so it will be incresed profits

 

[Kruska]

Actually tax revene will go down, Higher price gas, people drive less. fewer miles driven, less tax collected. But private companies will have increased revenue but their expenses will not go up so it will be incresed profits

Depends, if e.g. drivers reduce their car-usage by 20% - but the price goes up 25 or 30%, the tax revenue will still go up.