patrick.net

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...