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Discussion Starter · #1 ·
.........who gets the money?

I thought that I read on the YB at some point that state and federal taxes are the majority recipients of the money that goes toward a gallon of gasoline. Apperently this is not true. The U.S. Dept. of Energy realeased this breakdown:

$0.18 - Federal taxes
$0.22 - State taxes (the national average)
$0.28 - Distributors & marketers (includes the gas station owners)
$0.36 - Refiners
$2.96 - Oil producers

Now, I'm assuming that the larger oil producers are also the owners of the refineries and also the distributors and marketers, in which case the oil producers are making $3.60 on a $4.00 gallon of gasoline. The poor dears, no wonder they need our government to continue to subsudize their industry.
 

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Discussion Starter · #10 ·
And as far as profits go, even though Exxon-Mobil netted about $40-billion in 2007, the average profit margin for the big oil companies is only about 7.6% (according to the DOE), compared to 9.2% for most manufacturers. So much for assessing a "windfall profits tax".
 
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