What are the components of the retail price of gasoline? (BUMP!!!)

KXII ^

[Conservative Coulter Fan]

The next time someone starts talking about the price of gas....how about filling them in on just what they are paying before they rant about being gouged..

[Conservative Coulter Fan]

Republicans and Gas Prices: Look in the Mirror

[MNJohnnie]

Ask them why the $.10 the Gas company makes in profit is "gouging" but the $.50+ the Government makes from the same gallon of gas bothers the ranters not at all.

[savedbygrace]

Looks like the numbers in the text apply to the 2003 graphic, not the 2006 graphic.

[topher]

Refineries are expensive little buggers to operate.

If one blows up, you can have $1 billion lawsuits (people killed, windows blown out, destroyed equipment).

I think the oil companies had to pay hundreds of millions of dollars in damages to refineries (and oil platforms) because of Hurricane Katrina and Hurricane Rita.

If the government ran oil platforms and refineries, the cost might be an additional 50 cents a gallon (IMHO).

[Conservative Coulter Fan]

You've got madmen on the world stage like Chavez that factor into the equation because Venezeula is a memeber of OPEC, the instability in Iran, civil strife in Nigeria, OPEC decisions to cut production, etc., the unpredictability of weather, and so forth. The on the supply side - OPEC was producing over 5 million barrels a day....in 2006 and 2007...its only going to produce 2 million each of those years. Then you have the demand side - China is rapidly becoming a major consumer securing long term contracts in Columbia and other oil producing nations in Africa...India and the rest of the world. Companies like Chevron and exoon are only getting around 8-10 cents, as you pointed out...Yahoo is getting 45 cents per dollar...Coca Cola is getting 15 cents. I suppose I don't view the profit motive as being something evil. 41% of the country owns stock in these companies through IRAs, Federal/State pension funds, and private pension funds. Net investments have increased to over $100 billion in line with net income. And for the BUT...the government won't allow drilling in ANWR because of the Donkey Party and a turncoat republicants...they won't allow new onshore drilling....we're still barring certian offshore areas from drilling...we won't remove barriers to expanding refineries/building new ones, etc.

[kimosabe31]

bump

[Conservative Coulter Fan]

We've went from something like 225 refineries to around 150...

[fzx12345]

At least the percentage that's in taxes is going down! </sarc>

[llevrok]

Today, Rush was talking about gas taxes. NY state's is on the dollar amount of the price, not a fixed cents amount. As a gallon price increases, so does the tax.

He said NY's was 62.5 cents vs. typical 35 cents elsewhere.

So where are Chucky and Hillary on NY's gouging??

[CGVet58]

bttt

[Conservative Coulter Fan]

You won't believe this: technically speaking, we have over 85 billion barrels of oil that are recoverable in four key areas - Alaska offshore, Pacific offshore (California), Gulf offshore, and the Atlantic offshore. That is enough oil to run (today) 48 million cars and heat 10 million homes for 120 years!!! (Source: Minerals Management Service)

[Conservative Coulter Fan]

The percentage of crude rose 11 percent from 2003 to 2006, refining rose 7 percent or so, and distribution rose 1 percent. Besides, the tax rate hasn't gone down in New York...or the worst state in the union...California, which has the most stringent regulation.

[eastforker]

It cost less than $20 to produce a barrel of crude.

[Conservative Coulter Fan]

Congress is looking at raising taxes on oil companies by 27+ percent...

[Conservative Coulter Fan]

That doesn't include onshore in places like section 1002 of ANWR...which is artic wasteland...no a "pristine" forest.

[Cementjungle]

This breakdown is for a gallon at $1.56
I would be curious to see it for a gallon at $3.00