Quote:
Originally Posted by jon1856
A very fast, down and dirt search found this story from the Washington Post:
http://www.washingtonpost.com/wp-dyn...092400253.html
Gas Profit Guzzlers
Refiners Captured The Biggest Part Of the Price Increase
"By Justin Blum
Washington Post Staff Writer
Sunday, September 25, 2005; Page F01
When the average price of a gallon of regular gasoline peaked at $3.07 recently, it was partly because the nation's refineries were getting an estimated 99 cents on each gallon sold. That was more than three times the amount they earned a year ago when regular unleaded was selling for $1.87.
The companies that pump oil from the ground swept in an additional 47 cents on each gallon, a 46 percent jump over the same period."
And in case no one heard over the weekend, US production plants and their capacities are at there lowest level in years........ |
Please do a more thorough search next time. Refineries on average make about 10 cents for every gallon sold. Refineries are at maximum production to compensate for the war and random natural events such as Katrina which shut down pipelines and ports.
The government makes 20 to 25 cents on every gallon of gasoline. Why don't you instead lobby your representatives to lower the tax? Why try to hurt an industry which employs hundreds of thousands of people world wide, an industry that puts billions of dollars into the American economy.
This is a perfect example of people following the crowd and not thinking for themselves.
Edit* I like how current your source is!
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