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The Chip Board Archive 20

Why does gasoline cost so much ???

Here are some interesting numbers provided by the US Energy Administration.

Especially for all those "Haters" of "Big Oil" companies.

•Crude oil -- 69%
•Finding the crude oil
•Getting the crude oil out of the ground
•Transporting the crude oil to the refinery
•Maintaining a reserve capacity of crude oil
•Profit

•Refining the crude oil into gasoline -- 6%
•Producing special blends of gasoline to meet local clean air government regulations
•Transporting the gasoline to the gas station
•Profit

•Selling the gasoline at a station -- 10%
•Operational costs
•Marketing costs
•Profit

•Taxes, federal and state -- 15%

It appears that those Evil oil companies are making a 6% profit for doing all the work, while our Government is making 15% for doing nothing at all.

Doug

Messages In This Thread

Why does gasoline cost so much ???
Let me guess...
rofl Take Beano before.... rofl
Re: Why does gasoline cost so much ???
Doug, let's look at the Fortune 3
True, those companies do make a lot of profit.
Re: True, those companies do make a lot of profit.
I apologize for something I did Not say.
grin and Doug, please note that...
I realize that it covers all taxes and I have no
Yep agreed
6 % seems reasonable to me.
Paul, we have been hearing the commercials down
That is very hard to answer But...
Thanks Paul. Those are some heavy duty
More BS
Bryan, I found the list you were pulling those
Not sure what circles you travel in, but...

Copyright 2022 David Spragg