My Two Cents (or $4.00/gallon)
Quote:
Biting the bullet and paying the money; after all, our kids are "the right age" now -- they're old enough to endure long miles, but they're not old enough to have jobs/boyfriends that'll make them want to stay home.
In 5 years what will you remember if you do take this trip - that 'perfect' trip because the kids were just the right age, or the fact that you had to spend a little more for gas? My parents passed a lot of wisdom to me, but the one thing that really stuck in my mind was to think a few years out and see what's really important to you. It really puts a lot into perspective. I made the time and scraped together enough money to take my daughter to Europe. I knew it would be the last few years she'd be truly interested in taking a trip with her mother. And those memories are some of the greatest for both of us. And to this day, I don't remember how much I spent!
my $10 worth [think england]
interesting comments as here in the u.k thats roughly [$10] what a gallon of fuel will cost your over here in the u.k.
some of you have mentioned cutting down on fuel usage due to costs and that is what our government keep telling us is the reason we are being taxed on it so heavily, to cut down on usage and pollutants,yet they fail to offer any cheaper alternative that runs effectively and reliably.
this gives an example although our pump prices are around £1.14 a ltr at the mo [aprox £5.13p]
Quote:
United Kingdom
From 2007-10-01 the main road fuel (petrol and diesel) duty rate in the UK is GBP£0.5035 per litre. The rate for biodiesel and bioethanol is £0.3035.[1] Value Added Tax (VAT), currently at 17.5%, is also charged on the price of the fuel and on the duty. At a pump price of 100p/litre (typical for unleaded as at November 2007), this would put the combined tax at 65.24p/litre, or approximately USD$4.84 per gallon. Thus without tax, the retail price would be 34.76p per litre, making a combined tax rate of 188%.
[edit] North America
Fuel taxes in the United States vary by state. For the first quarter of 2008, the average state gasoline tax is 28.6 cents per gallon, plus 18.4 cents per gallon federal tax making the total 47 cents per gallon. For diesel, the average state tax is 29.2 cents per gallon plus an additional 24.4 cents per gallon federal tax making the total 53.6 cents per gallon.[3]
[edit]
a combined tax rate of 188% for us, grrrrrrrrrrr!!!! [and i think it's gone up since]
sorry for the rant and back to the original question.
as long as you don't put your yourselves in real financial difficulties then bite the bullet and try and have the holiday you want.
to do our trips with the rising costs we tend to cut back on mileage and treats before and after the holiday to ensure we have the best possible time whilst out there. have a great trip
Somewhat affected by prices
Our plans were already being affected by employment changes even before the gas prices started back on their sharp rise. Over the past two years the significant other and I have both seen substantial changes in our employment situations, both for good and ill.
As for any other plans for trips this Summer: We only have, at this point, one trip planned (in a couple of weeks). Outside of that, we are limiting ourselves to local trips when time allows. This, again, has more to do with employment than the cost of fuel. Scheduling issues have dictated that the times we do have available to us are few and far between.
I don't know that fuel, as a percentage of a trip's cost, will necessarily be higher than it has been in the past. But that's simply because I'd wager that the overall cost of a typical trip will be higher than it has been in the past.
Anyway, I would still take the trip if I were you. Your children are certain to remember it, and someday, sooner or later, you will be able to reminisce about the experience, and that alone will be worth far more than what you spent on the trip.
Different states tax differently
The 9 cents fuel tax is not the only taxes on our fuel. It's simply a new tax on top of the other fuel taxes. This new 9 cents is dedicated to roads because, prior to that being added, our state wasn't getting enough taxes through other means to keep up on road maintenance and improvements.
Our total tax rate per gallon in my state is 54.4 cents on gas and 60.4 cents on diesel. Today, gas prices in my state for regular are averaging $3.88/gallon and diesel prices are about $1 more. So I guess this makes our tax bite roughly 14% on gas and roughly 12% on diesel.
This varies state-by-state. I believe our fuel taxes are amongst the highest in the nation. But the tax structure in each state is very different, some tax things that others don't tax. It gets confusing and hard to compare across the various states. For example, our state doesn't have a state income tax. Before you say "wow" and think our taxes are low because of that, we tax different things to offset that and have higher sales/property/excuse/business taxes, etc. than some other states have. But not always. Again, it's complicated.
more helpfull then you may think!
Quote:
Originally Posted by
Judy
I'll give you a year to save to come back and enjoy another trip to the States. Then I'll wave my magic wand and make travel for us to Europe the cheaper trip. ;)
my wife and i have been discussing our next trip which includes the finances of the situation and as keen as she is to return next year she was happy to wait untill the following year if need be, [she's the sensible and patient one] but now i have your wand to add to the equation it looks like next year it is,and thats just fine by me!! ;)