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

KXII ^

[Gondring]

That doesn't include onshore in places like section 1002 of ANWR...

aka SPR-II, in my book.

[Onelifetogive]

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

Sounds like you should get into that business.....You'd be rich!

[Onelifetogive]

No matter hou you put it, they are screwing us.

Anyone who has sold a house (or a stock) at a marked-up price over what they paid for it is also screwing us.....right?

[Onelifetogive]

Their record profits come from raising their prices to match the market, even if their true average cost was about $35 a barrel.

No matter hou you put it, they are screwing us.

Assuming you have a job......do you charge you employer any more than your "cost" for your time? I'll bet you have raised your price up to the market level for your job.....Who's screwing who?

[Blood of Tyrants]

The oil company apologists just never end. When you don't like the message, attack the messenger.

[f zero]

How come the stations don't post gas price at say $1.75 plus tax???

[Graymatter]

Refineries are expensive little buggers to operate. If one blows up, you can have $1 billion lawsuits (people killed, windows blown out, destroyed equipment).

[Humidston]

And throw this into the mix:
http://www.freerepublic.com/focus/f-news/1621039/posts

Things are heating up.

[Rte66]

" ... The profit margins of crude production are large. ..."

Huh???

[justa-hairyape]

First, the majority of oil companies do not pay anywhere near the market for oil because they pump the stuff out of the ground, pay the federal government a small royalty and then refine it themselves.

Thanks for the info. How are the royalty payments indexed ? Are they tied to the current price of crude ?

[Gondring]

???

[Rte66]

What was your basis for that statement?

[Onelifetogive]

The oil company apologists just never end. When you don't like the message, attack the messenger.

I am a FREE MARKET apologist. The oil companies (and you, too) get the benefit of my apologies as long they function as a part of the free markets.

There is NO doubt that government regulation leads to poverty, misery, and shortage. All over the world and throughout history, this has consistently been the case.

[kabar]

Another link: Local, State and Federal Gas Taxes Consume 45.9 Cents Per Gallon on Average

[Onelifetogive]

attack the messenger.

You consider it an "attack" that I say that you (and likely 99.9% of the world) get the maximum amount of pay they can from their employer, independent of whether they could live on less or not???

[Gondring]

What was your basis for that statement?

Fact. ;-)

Actually, read the recent ExxonMobil statements...the spokesman even acknowledged the profit margin on the crude-production side, but pointing out that the refining and distribution margins were much smaller.

[Conservative Coulter Fan]

My problem with the tax, if memory and data serve me correct, was that it wasn't just paying for the roads...it was being used to fund mass transit...the Amtrak boondoggle...and so forth.

[Rte66]

In point of fact, after reading several recent statements to try to see what you were seeing, they said just the opposite. Crude production itself was up 5%, but the profit margin wasn't. They are having to replace more than ever because of their declining fields, so it's pretty much a wash, in volume. And now they are spending 3x times as much on exploration, from a year ago. That eats up profit.

They *said* that refining profit margins were up: "Earnings from refining and marketing, excluding special items, came in at $1.3 billion, up $128 million from last year, largely due to higher marketing margins, improved refining operations and positive foreign-exchange effects, according to the company."

[who knows what evil?]

How come the stations don't post gas price at say $1.75 plus tax???

I heard the very same proposal put forth on a number of radio shows the past few days...