As with many things, the government is the entity making all the profit.
About 2 years ago the numbers were, per gallon of fuel, 8 cents profit to Exxon vs 46 cents to federal and state taxes.
I have no problem with the oil company, they at least make the investment and do the work. The government is like the mafia, taking their cut in exchange for protection.
This post was edited by Phil in Pa at 04:06:51 09/28/13.
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Today's Featured Article - History of the Cockshutt Tractor - by Danny Bowes (Dsl). The son of a very successful Toronto and Brantford, Ontario merchant, and himself quite an entreprenuer, James G. Cockshutt opened a business called the Brantford Plow Works in 1877. In 1882, the business was incorporated to become the Cockshutt Plow Company. Along with quality built equipment, expedious demand and expansion made Cockshutt Plow Works the leader in the tillage tools sector of the farm equipment industry by the 1920's.
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