San Nicolas: Guam Fuel Retailers Achieve 63% Profit Margins

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Moreover, the Congressional Research Office confirmed to him that the federal excise tax of $0.17 per gallon on fuel? That doesn’t apply here, with San Nicolas noting: “Now take a step back and think about this for a minute: If a national average on retail gasoline prices is a 20% margin, and if our margins here are 62.9%, and we don’t pay that federal excise tax, so where are those federal excise tax savings, we don’t even realize it.

(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = “//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.3″; fjs.parentNode.insertBefore(js, fjs); }(document, ‘script’, ‘facebook-jssdk’));u003c/script>u003cdiv class=”fb-post” style=”max-width: 100%;” data-href= “https://www.facebook.com/CongressmanMichaelF.Q.SanNicolas/videos/512948780229936/” data-width=”552″> u003cblockquote class=”fb-xfbml-parse-ignore” quote= “https://www.facebook.com/CongressmanMichaelF.Q.SanNicolas/videos/512948780229936/”>User: u003ca href=”https://www.facebook.com/CongressmanMichaelF.Q.SanNicolas” >Congressman Michael FQ San Nicolas – Guam u003c/a> To: u003ca href=”https://www.facebook.com/CongressmanMichaelF.Q.SanNicolas/videos/512948780229936/”>linku003c/ a> u003c/blockquote> u003c/div> u003c/div> u003cp id=”breakId_SPECIAL_1649645775174_WILL_RENDER_HTML_”> u003c/p> u003cp>Furthermore, the Congressional Research Office confirmed to him that the tax federal excise tax of $0.17 per gallon on fuel? That doesn’t apply here, with San Nicolas noting: “Now take a step back and think about this for a minute: If a national average on retail gasoline prices is a 20% margin, and if our margins here are 62.9%, and we don’t pay that federal excise tax, so where is that federal excise tax saving, we don’t even realize it compares to local military gas prices, which are much cheaper. He says that contrary to popular belief, the Ministry of Defense pays the same costs as the private sector.u003c/p>u003cp>”They bring in the fuel in exactly the same way, for the exact same channels and the exact same cost centers as all of our off-base gas stations do,” he said. As of April 7, gasoline indoors was $4.31 a gallon, outdoors it was $5.79, or 34% more San Nicolas also asked Federa l Trade Commission to investigate why local gas stations all charge the same prices, all at the same time. But the FTC told him they needed a whistleblower to investigate the collusion. – needed public revenue. His response is to limit oil company profits to 30%, anything beyond that will be taxed and refunded to consumers. the people of Guam and hold them hostage just because you can,” San Nicolas said. “And just because we can’t prove you colluded.”u003c/p>u003cscript>calWidthForFB();window.addEventListener(‘resize’, function(event){calWidthForFB();}) ;function calWidthForFB();});function calWidthForFB (){var fbList = document.body.querySelectorAll(‘.fb_iframe_widget’);if(window.FB && fbList.length > 0){if(window.innerWidth u003c 550 && fbList[0].getAttribute(‘data-width’) !== ‘auto’){for(var i=0; iu003cfbList.length; i++){fbList[i].setAttribute(‘data-width’, ‘auto’);}window.FB.init({autoLogAppEvents: true,status: true,xfbml: true,version: ‘v2.9’});}else{if(window .innerWidth > 550 && fbList[0].getAttribute(‘data-width’) === ‘auto’){for(var i=0; iu003cfbList.length; i++){fbList[i].setAttribute(‘data-width’, ‘550px’);}window.FB.init({autoLogAppEvents: true,status: true,xfbml: true,version: ‘v2.9’});}}}}u003c /script>”,”ads”:{“shownational”:true,”showlocal”:true},”storyimages”:[{“type”:”storyimage”,”filename”:”https://KUAM.images.worldnow.com/images/22489735_G.jpeg”,”width”:180,”order”:1,”lastEditedDate”:”2022-04-10T22:56:26.0000000″,”imgwidth”:1114,”imgheight”:618}],”seo”:{“description”:”It’s no secret that gas prices in Guam are extremely high compared to the rest of the country. 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