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Who's ripping you off at the gas pump?


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2013 Oct 9, 8:23am   2,614 views  6 comments

by Honest Abe   ➕follow (1)   💰tip   ignore  

http://www.exxonmobilperspectives.com/2012/08/08/who-makes-more-from-sales-at-the-pump-industry-or-government/?utm_source=Outbrain&utm_medium=cpc&utm_campaign=Perspectives_-_Tier_1

The author an analyst for a taxpayer watchdog group gives a quick rundown of the basics, like crude oil costs, which can account for roughly three-quarters of the price consumers pay at the pump. Then there are expenses for refining, distribution and marketing. But he also reveals one slice of the gas price pie routinely overlooked by those who criticize energy companies or gas station owners for high prices. He writes, “The truth is that governments rake in a larger profit at the pump than anyone,” including companies like ExxonMobil. A range of government authorities share in the tax revenue...

Comments 1 - 6 of 6        Search these comments

1   freak80   2013 Oct 9, 9:31am  

Geology.

2   HEY YOU   2013 Oct 9, 10:37am  

Red States don't tax gas. They believe in Free Market Capitalism without State Govt. interference. I can't believe Blue States are stealing profits from private business.

3   RWSGFY   2013 Oct 10, 8:47am  

Author is a lazy bum. It's no secret that taxes are collected on every gallon of gas - it's fucking stated on the fucking pump. He would do the public a service by investigating how much of the money collected actually goes into road maintenance. In its present state the article is a waste of electrons.

5   EBGuy   2013 Oct 10, 8:52am  

Abe, I think you need a DuckTruck (well, you and CS). UPS got the memo; they are building 9 more LNG stations as part of their cross country network.

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