S
Smee
Guest
It evaporates . . .
The problem with your logic is your idea that "major oil companies, for the most part pump and refine their own oil" If this was true we would not have to import our oil from overseas. Major oil companies buy the majority of their oil from overseas and do not produce it themselves. The states make more money in gasoline sales than oil companies. By the way Alaska's take is 26 cents a gallon and California's tax is 66 cents a gallon. Whereas oil companies make a few cents in profit per gallon of gas the average state tax take is 48 cents per gallon.Sniffer said:I did a little research on this. here's what I found out
major oil companies, for the most part pump and refine their own oil, which averages 5-15 dollars per barrel. a barrel of oil is 42 gallons which when refined makes 19.5 gallons of gas plus heating oil, diesel fuel and other petrol products
the federal tax on a gallon of gas is 18.4 cpg. it doesn't change with the price of gas.
states add their own taxes on gas which range from a low of 8 cpg in Alaska to a high of 52.9 cpg in Florida.
there is also costs in transportation and other small things. by my rough figuring, and I mean rough, taking it all in, it figures out to approximately a dollar per gallon to produce, plus around 10 cpg for transportation, 10-15 cpg for the station, plus another 10-15 cpg tied up in other costs. which still figures out to around 1.40 cpg. total.
gas here right now is around 3.68 p/gallon which leaves 2.28 dollars p/gallon left over.
where does that go?
bakergeol said:The problem with your logic is your idea that "major oil companies, for the most part pump and refine their own oil" If this was true we would not have to import our oil from overseas. Major oil companies buy the majority of their oil from overseas and do not produce it themselves. The states make more money in gasoline sales than oil companies. By the way Alaska's take is 26 cents a gallon and California's tax is 66 cents a gallon. Whereas oil companies make a few cents in profit per gallon of gas the average state tax take is 48 cents per gallon.
George
Hey hombre, that was working for friends of mine, with mucho BP stock, but then they had an oil-spill.hombre_de_plata_flaco said:The way I have dealt with high gas prices was to buy stock in oil companies. That way I get a little return on all the gas $$$ I spend. Big Oil now has a responsibility to me as a shareholder and I demand profits, so now I'm not bothered as much by gas prices.
pat-tekker-cat said:Hey hombre, that was working for friends of mine, with mucho BP stock, but then they had an oil-spill.hombre_de_plata_flaco said:The way I have dealt with high gas prices was to buy stock in oil companies. That way I get a little return on all the gas $$$ I spend. Big Oil now has a responsibility to me as a shareholder and I demand profits, so now I'm not bothered as much by gas prices.
I do follow what you're saying though.
pat-tekker-cat said:I'm pretty impressed with all the work smee has put into this.
But, I can't help but wonder, does he think one of us here, can DO anything about it for him?
Smee, I worked gas stations for years, yeah, the price goes down, but sometimes the owner says, "don't lower the prices, keep 'em the same". So I've had to do that, in the past.
At present, can you come up with an effective way, to hit the gas companies and big oil, where it hurts, that they may bend and cater and little? No one gets "boycott" in this nation anymore. I drive, a less than 4 cylinder, car, with a motorcycle engine in it, only way I gonna get better gas milage, is to push the thing down the road.
And I am at a total loss, as to what we may can do, to help ya struggle here, unless you just like typing.
If that's the case, then type away, as the prices keep going up, and good luck.
spartacus53 said:I said the same thing Dano, 1.3 billion Chinese can't all be wrong Just think, no stopping at the jump, better cardio, and helping the environment. The preceding smiley is doing jumping jacks to warm up for a ride