Quote:
Originally Posted by Jordo!
Huh? 
http://www.gao.gov/new.items/d05525sp.pdf
HowStuffWorks "Gas Price Breakdown"
Unless you are referring to taxes or regulations that result in ethanol additives, I don't follow...
An angry letter to Opec or to Exxon et al might be more in order.
Also, I'd really like it if my tax money would stop paying for oil company subsidies considering they collectively are turning record profits. |
The government is making more profit per gallon than Exxon is (taxes are higher than profits). Exxon at least
makes the gasoline. The government just taxes you on the money you spend (that they already taxed when you earned it). I for one don't mind Exxon making a profit on their product....it's how they stay in business. Their profit margin isn't anything unusual compared to other industry, either. As far as Opec, they are making big profits, but the price is set far more by Wall Street than them. They
can jump prices by squeezing supply, but that's not the problem at the moment. Speculation of future oil availability is what's driving it through the roof.