I would be willing to bet that the government (both state and federal) profit more from every gallon of gas sold than the oil companies do.
“I would be willing to bet that the government (both state and federal) profit more from every gallon of gas sold than the oil companies do.”
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You are absolutely right. The state makes 54 cents and the feds get 18 cents. The retailers and producers make single digits.
Also the gavernment is losing this tax revenue for every EV that is spawned. That’s the reason for the tax on miles driven.