I found out that the eeeeevil oil companies are actually GROSSING LESS money than the government is profiting!!
Here's the breakdown:
|June 2, 2008|
|Distribution Costs, Marketing Costs and Profits (Oil Co) ||$0.01|
|Crude Oil Cost (Pure cost) ||$3.04|
|Refinery Cost and Profits(Oil Co)||$0.51|
|State Underground |
Storage Tank Fee (Government cost)
|State and Local Sales Tax(Government)||$0.31|
|State Excise Tax(Government)||$0.18|
|Federal Excise Tax(Government)||$0.18|
So if you add up the Oil Company potential profits, the MOST they could profit on a gallon of gas is $0.62 per gallon. Of course, they have to truck the gas to their stations, hire drivers, hire station attendants, own trucks, pay rent, etc. etc., so their profit is likely just a fraction.
The government, on the other hand, makes $0.67 per gallon, and all they have to do is collect the money.
So who is gouging Americans? The Federal, State, and Local government are killing us! About $12.00 of your gas tank is pure tax.
Think about that before you think about hating the eeeeeevil oil companies.