Posted by Aleuicius on March 02, 2011 at 16:41:51 from (67.249.138.83):
In Reply to: OT: Diesel posted by CLTX on March 02, 2011 at 15:14:27:
With all the information out there, it is difficult sometimes to find just what you"re looking for; but here"s a little something:
Crude oil costs are currently around $2.60+ per gallon. Total Refining, Distribution, marketing - and PROFITS - comes to about $0.45 per gallon. Taxes and government fees account for an average $0.48 per gallon of gas or $0.53 for diesel. (ranges .66 in CA to .26 in AK for gas, .76 in CA to .32 in AK for diesel)
Considering that Big Oil profits are included in the $0.45 - AFTER refining, marketing, and distribution; why do we blame the oil companies?
When you get right down to it; the biggest milkers of this cash cow are the Feds and States. THEY have nothing actually invested, so it"s all gravy, for them to spend (waste) as they see fit.
If Big Oil is "making so much off our backs" - can we grasp just how much the Feds and States make?
Even cutting taxes and fees in half won"t save us a whole lot - we need cheaper crude, or another way. Since our "other ways" are expensive and impractical at the moment, we need to find more crude.
(refs:primarily California.gov and API.org (American Petroleum Institute))
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