In 2010, Exxonmobile made just over 2 cents/gallon in profit on all fuel sales in America. The fed gov takes 18.4 cents/gallon for gas and 24.4 cents/gallon for diesel. It also taxes jet fuel. The states add to that. The average fuel tax per gallon is 48.1 cents for gasoline. More for diesel. Less for jet fuel. So, who's really screwing us?
Or there's this:
http://www.taxadmin.org/fta/rate/mf.pdf that breaks down state fuel tax rates.
Here's another site for fuel taxes by state: http://www.commonsensejunction.com/notes/gas-tax-rate.html
Here's a good pdf file that breaks down fuel taxes, other state taxes, and the combined rate of state and fed by state. http://www.easy-tax-information.com/support-files/gasoline-taxes-by-state-january-2011.pdf
Again, this is with the reminder that ExxonMobile made just over 2 cents/gallon profit on fuel last year.
You would be surprised at all of the taxes levied before it gets to where it’s going.
Figures do not lie, but the people that use them do.
Whatever you do, remember this.. Oil companies are only in it for humanitarian reasons and never want more profits.
The oil/gas market is entirely a free market and is never manipulated by aramco and the producers.
If you truly believe the above you’ll go far on the FR “gas prices are only government results” mentality. You have to believe and clap your hands really hard.