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The guy running the service station makes just a few cents, while crude oil producers take the biggest chunk.
NEW YORK (CNNMoney.com) -- Motorists may fume when forking over $3 a gallon at the local service station, but as it turns out, your local filling spot makes chump change from a gallon of gas.
When you factor in how much of the revenues going back to the oil companies goes toward cost recovery and reinvestment, their profit margins are pretty much in line with other industries. The biggest winners by far are the federal and state governments that take about 40 cents off the top of each gallon.
I have read that oil companies make about 8 cents per gallon on gas.
The government is the big winner - they do little to no work and reap a large percentage. Yes - the money supposedly goes to roads, but the roads where i am are pretty bad.
I would have liked to see more on how the commodity traders have driven the price up.
Yeah and look at that ding bat at the pump on their cell phone. Real smart huh?
I always thought it was state taxes that paid for road repairs. Does government taxes play a role?
Regardless they seem to be slow, if not giving a crap about road repair. I see too many holes in the roads that don't get filled for a few years at the least.
It's not just the government getting rich--now, the corn producers will, as well! And this whole "ethanol" thing will NOT save gas--that's what folks don't seem to understand! Crazy!
Of course, if Brazil ever wants to shed its third-world status despite being one of the most resource-rich nations on earth, it will have to become a net energy importer. If achieving energy independence means reducing ourselves to Brazil's standard of living, count me out.
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