Quote:
Originally Posted by pocketkangaroo
Oil companies make approximately 8 cents a gallon profit. The Federal government taxes each gallon of gas 18 cents. The state governments tax gas by 10 to 35 cents a gallon depending on where you live. Also factor in that the oil companies must pay 35% of their profits to the government.
The one with the mind of a retarded 5 year old is the one that has never heard of taxes on gasoline.
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They may make .08 on a gallon of GAS. That is what they want fools like you to believe. Lets see the same parent company also owns the oil when it comes out of the ground which still costs the same as when it was $35 a barrel and they were making record profits then. Now that it is $140 a barrel, are they still making the same profit?
They also own the shipping company that brings the oil by boat to the US = more profit.
Then they own the trucking companies that bring it to the refinery. = more profit
Then they own the refineries = more profit.
Back to that same trucking company = more profit
Then they own the property that they lease out to the station owners, but they set the prices and how they set up the stores. If they don't follow the rules they are out. = more profit.
So you see mr. simple there is more to it than the gallon of gas.