Okay, i’m not discounting your post, but does your numbers include the “taxes” that are already imbedded into exploring,refining,extraction,distrubition of the oil/gas? That’s what I’m getting at.
Those taxes are included in cost of Distribution, Marketing, Refining and Crude Oil. If we use the ConocoPhillips numbers since they are in all phases of the drilling to gas pumps, that would put 16.5% of their total revenue goes to taxes.
A breakdown that took out the taxes at the previous process would look like:
Taxes on gasoline 13%
Taxes on other processes 14%
D&M w/out taxes 11%
Refin w/out taxes 24%
Crude w/out taxes 49%
Those are sample numbers, not to be used beyond this example. Reality is the taxes during the production of Crude are a much higher percentage of the total. But as an average compared to the total, 27% of the gasoline price is taxes is close to reality.