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SteveB[_6_] SteveB[_6_] is offline
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Default Oil chiefs say high prices not our fault


"VRWC Destruction Machine" wrote in message
...
wrote in crayon...

On Wed, 2 Apr 2008 09:42:25 -0800, "SteveB"
wrote:

The oil companies make 8 cents a gallon. Various governments tax it over
a
dollar a gallon. Do the math, you ****ing genius.



Bull****

http://www.gaspricewatch.com/usgastaxes.asp

Your link gives incomplete estimates b because it leaves out other
costs.

For California it gives:

http://www.energy.ca.gov/gasoline/margins/index.html

Other taxes include a 6% state sales tax and 1.25% county, plus
additional local sales taxes and 1.2 cents per gallon state UST fee.

Actual costs Gallon of Gas (California) for March 31, 2008:

Distribution Costs, Marketing Costs and Profits $0.06
Crude Oil Cost $2.42
Refinery Cost and Profits $0.48
State Underground Storage Tank Fee $0.01
State and Local Sales Tax $0.27
State Excise Tax $0.18
Federal Excise Tax $0.18

Retail price $3.61
Net Profit $0.49

Profit Margin 13.5%

-

Mitchell Holman thinks he is the greatest thing on
Usenet since Muhammed al Gore invented the Internet.
If Usenet revolves around Mitchie-Boy Holman why
won't he answer a simple question?

Who gives a rat's ass who Mitchell Holman is?


I knew someone would pick nits on a state to state basis. The original
premise still stands. Oil companies do not make as much as governments do
on petroleum products. They just do all the work. And take all the risks.

Steve