Get some facts straight

Posted by jdemaris on March 01, 2008 at 17:09:50 from (67.142.130.12):

In Reply to: O/T Gas and Diesel prices posted by Gary in TX on February 29, 2008 at 17:41:27:

For anyone the cares about reality - here are a few facts. To those blaming all their woes on the OPEC arabs, George Bush, and Exxon - do some homework. I'm a bit surprised at some of the childish gibberish that's been posted on this forum lately. Many politicians thrive on this type of ignorance from much of the public, and then get voted in by promising to go after fictious enemies. There are so many moron voters - even if we had a candidate with good ideas he or she couldn't dare make those ideas public.

Point #1 Most of the oil that the USA buys, comes from Canada - and Canada is not a member of OPEC.

Here's the breakdown from last month of one day and gallons of crude the USA bought:

CANADA 1,780 gallons (non OPEC)
SAUDI ARABIA 1,675 gallons
VENEZUELA 1,246 gallons
MEXICO 1,234 gallons (non OPEC)
NIGERIA 1,210 gallons

Point #2 Right now, gasoline is $3.33 in my town.
From that, Exxon makes 9 cents profit on one gallon.

Today - here is where the $3.33 goes for 1 gallon:

Distribution and Marketing - .05 (that's 5 cents)
Crude Oil cost - $2.35
Refinery cost and profits .30

State and Local Sales Tax .25

State Excise Tax .18

Federal Excise Tax .18

Replies:

• Re: Get some facts straight bradley martin 17:17:41 03/01/08 (1)
  • Your right jdemaris 17:35:02 03/01/08 (0)

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