Here's the makeup of the price of a gallon of gas.
Expense Amount per gallon
Production costs 33¢
Producer profit 95¢
Refining costs 40¢
Refining profit 10¢
Transportation costs 12¢
Transportation profit 9¢
Marketing costs 4¢
Marketing profit 4¢
Retailer costs 8¢
Retailer profit 8¢
US Taxes 19¢
State taxes (avg. 23¢) 6¢ to 39¢ details
Local taxes 0 to 20¢
TOTAL $2.65
Makes me wish I owned a few oil wells! Anyways, here's where the info came from.
http://www.gravmag.com/oil.html#dollar
http://abcnews.go.com/...d=1846576&page=1
http://www.eia.doe.gov/...ces/html/petbro.html
Expense Amount per gallon
Production costs 33¢ Producer profit 95¢ Refining costs 40¢ Refining profit 10¢ Transportation costs 12¢ Transportation profit 9¢ Marketing costs 4¢ Marketing profit 4¢ Retailer costs 8¢ Retailer profit 8¢ US Taxes 19¢ State taxes (avg. 23¢) 6¢ to 39¢ details Local taxes 0 to 20¢ TOTAL $2.65 Makes me wish I owned a few oil wells! Anyways, here's where the info came from.
http://www.gravmag.com/oil.html#dollar
http://abcnews.go.com/...d=1846576&page=1
http://www.eia.doe.gov/...ces/html/petbro.html