What're you paying for Gas?

[Captain Virgil Hilts]

Stopped in Smith's Grove KY, above Bowling Green, on the way to Indy for the PRI Show, gas was $2.27,right on the Interstate.

I suspect it will take a while for prices to make any movement downward from the inflation insanity. It usually does. Diesel isn't down, as much, so fuel costs are still driving the costs of transporting goods to stay high.

[Eagler]

Which is criminal given diesel should be less expensive than unleaded more processed gasoline..

It always was before it wasn't...

Eagler

[Captain Virgil Hilts]

Which is criminal given diesel should be less expensive than unleaded more processed gasoline..

It always was before it wasn't...

Eagler

Yeah, the EPA got their filthy paws on diesel......

[Animl-AW]

Texas may be able to choose to lower property tax,... the state, like IL, has a flight issue. A lot of people are leaving that state and lowerin taxes may draw some in. If not you're losing revenue.

SS deductions are capped at 6k, but from what I understand you have to itemize it and I think that would be a schedule C form. They don't just stop taking it, you fight to get it back in deductions/returms. My SS is taxed federally.

There are some misconceptions and even political talking points here,... you're just going to have to realize it on your own. Which seems to be a snail pace.

[Animl-AW]

Which is criminal given diesel should be less expensive than unleaded more processed gasoline..

It always was before it wasn't...

Eagler

Umm...big oil decides that, not EPA. They know a person who uses gas can usually stay home when it gets too high, slow down buying it. A trucker who uses diesel needs it every day no matter what...can't, so they gouge them and they will get it every day. No matter what.

[RUSH1]

Umm...big oil decides that, not EPA. They know a person who uses gas can usually stay home when it gets too high, slow down buying it. A trucker who uses diesel needs it every day no matter what...can't, so they gouge them and they will get it every day. No matter what.

Hmm, or ...

Why Did Diesel Surpass Gas?

The shift from diesel to gas prices has been attributed to a combination of factors. These include higher taxation on diesel, increased demand for diesel components in marine fuel production, and geopolitical events affecting global supply. The U.S. government imposes higher taxes on diesel compared to regular gasoline, with a tax of 24.3 cents per gallon for diesel and 18.3 cents per gallon for gasoline. Additionally, the demand for diesel components in marine fuel production has driven up prices. In 2020, the International Maritime Organization implemented stricter fuel regulations for ships, leading to the production of a new fuel called very low sulfur fuel oil (VLSFO). The distillate molecules used to make VLSFO are also used in diesel production, diverting some of the components that would have been used for diesel and contributing to the rise in diesel prices. Furthermore, geopolitical events, such as Russia's invasion of Ukraine in February 2022, played a role.

elanfuels.com

[Eagler]

Texas may be able to choose to lower property tax,... the state, like IL, has a flight issue. A lot of people are leaving that state and lowerin taxes may draw some in. If not you're losing revenue.

SS deductions are capped at 6k, but from what I understand you have to itemize it and I think that would be a schedule C form. They don't just stop taking it, you fight to get it back in deductions/returms. My SS is taxed federally.

There are some misconceptions and even political talking points here,... you're just going to have to realize it on your own. Which seems to be a snail pace.

Wrong again..

The new SS deduction does not need the filer to itemize..

Why are you trying to insert political speak in a thread again..

Eagler

[AKIron]

The SS break is a tax deduction.

https://www.irs.gov/newsroom/one-big-beautiful-bill-act-tax-deductions-for-working-americans-and-seniors

Deduction for Seniors
New deduction: Effective for 2025 through 2028, individuals who are age 65 and older may claim an additional deduction of $6,000. This new deduction is in addition to the current additional standard deduction for seniors under existing law.
The $6,000 senior deduction is per eligible individual (i.e., $12,000 total for a married couple where both spouses qualify).
Deduction phases out for taxpayers with modified adjusted gross income over $75,000 ($150,000 for joint filers).
Qualifying taxpayers: To qualify for the additional deduction, a taxpayer must attain age 65 on or before the last day of the taxable year.
Taxpayer eligibility: Deduction is available for both itemizing and non-itemizing taxpayers.
Taxpayers must:
include the Social Security Number of the qualifying individual(s) on the return, and
file jointly if married, to claim the deduction.

[AKIron]

That is effective for this tax year. Next year you will also be able to deduct up to $1,000 per person for charity contributions without itemizing. It's better than a sharp stick in the eye, or higher taxes.

[Animl-AW]

Wrong again..

The new SS deduction does not need the filer to itemize..

Why are you trying to insert political speak in a thread again..

Eagler

Excuse me?
It depends on the individuals situation of what yields a higher return. No you don’t have to but you MAY lose some if you don’t, depending on joint income. I’m not 100% right nor 100% wrong.

I will not take a lecture on political post from someone who has had 40-50 threads locked on political rules. You have zero leg to stand on.

I have NOT injected politics. It was done upstream by JimmyD mentioning “Joe’s” failed economy. Since the reply it has been quite civil. The rest of the thread is calm discussion of the facts no matter who imposed them.

You are the last one in this community to lecture about political post, hands down.

Also in my disclaimer of sorts I mentioned several times  “I’d love to be wrong”, which means I am willing to accept it. If I am wrong I am happy to own it. You can go until it gets locked in full denial never owning being wrong. You just start a new thread with a suggestive approach to recycle it.

Now the thread is political and soon to be locked.

You are normally a decent guy, but your power of suggestion attempts to mask obviously political threads is well beyond anyone else. So please spare me your fake concern about destructive political threads or replies. if you can’t handle facts don’t start the fires. You start a lot of fires, one after another.

Geez Eagler, lighten up, you come off as a hypocrite

[Animl-AW]

The thread starter is not complaining nor being rude. We are just trying to figure things out, the way we each understand. It was sold as solving all economic issues.

[Eagler]

You are still doing it lol...I know for the reasons you stated above 

And you are 100% wrong as you stated they had to itemize to claim the 6k ..no schedule C required..

Looking forward to removing 12k from my taxable from being pissed away on the latest stupidity.. being retired we don't pull in past the max..

Eagler

[Shuffler]

Diesel is cheaper to process than gasoline. They keep diesel high to pay for making gasoline. Everyone who buys any product pays for that... even folks who pump gas.

[RUSH1]

   

[nopoop]

Unfortunetly Nevada gets gas from Govenor hair gel...