They do in some states - I did see a breakdown of taxes posted on the pumps when I was filling up off I70 in Kansas, but that was the only place I ever saw it. It’s up to the station owner.
Exxon profit per gallon = .09 cents
Government profit per gallon = .42 cents
North Carolina stations have stickers on most dispensers (what you would call a “pump”).
These are provided by the North Carolina Petroleum Marketers Association. They show a map of the Southeast and the fact that NC taxes are the highest is highlighted.
We pay the following in State Gas Taxes (per gallon):
North Carolina: 30.15 cents per gallon
South Carolina: 16 cents per gallon
Georgia: 7.5 cents per gallon
Virginia: 17.5 cents per gallon
Currently, we are at the maximum gas tax allowed by STATE LAW!
I’m sure the Democrat-controlled legislature would raise it more here if they could.
Don’t just count the taxes added at the local retail pump.
Oil companies pay taxes along every step of the way. At the well, at the pipeline, at the refinery, at the distributor as well as the pump. It all adds up and it is all part of the price we pay. Some examples from last year:
ExxonMobil 2007
Revenue $404.6 Billion
Profit $40.6 Billion (10.0%)
Taxes $102.5 Billion (25.3%)
Sales-Based taxes $31.728B
Other taxes and duties $40.953B
Income taxes $29.864B
2007 Financial & Operating Review
http://www.exxonmobil.com/corporate/files/news_pub_fo_2007.pdf
Page 16
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ConocoPhillips 2007
Revenue $194.5 Billion
Profit $11.9 Billion (6.1%)
Taxes $30.4 Billion (15.6%)
Taxes other than income taxes $18.990B
Income taxes $11.891B
2007 Annual Report
http://www.conocophillips.com/NR/rdonlyres/3838234F-F20C-4BCE-AE8D-78DE29D67455/0/07RevisedARfinal.pdf
Page 60
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Chevron 2007
Revenue $220.9 Billion
Profit $18.7 Billion (8.5%)
Taxes $35.7 Billion (16.2%)
Taxes other than income taxes $22.266B
Income taxes $13.479B
2007 Annual Report Supplement
http://media.corporate-ir.net/media_files/irol/13/130102/reports/CVX_ARsupp07.pdf
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