Saturday, February 7, 2015

Gasoline Profits

Watching the price of gasoline fluctuate made me think about who's making money. The companies refining and selling gasoline make somewhere between 7 and 8 cents a gallon profit. For all the investment, the business risk, and the work, less than a dime a gallon.

The government, on the other hand, with no investment, risk or work, collects far more. Sometimes 10 times as much. You might think California is treating it like a sin tax.


It doesn't matter what the government is doing with the money either. They can claim to be building roads or rescuing baby seals from Canadian hunters or building a fully operational Death Star, it doesn't matter.


4 comments:

WoFat said...

I think a Death Star would be neat.

Ruth said...

A Death Star would at least be cool....

BTW, according to the American Petroleum Institute that map's out of date. Cali and NY are basically neck and neck now: http://www.api.org/oil-and-natural-gas-overview/industry-economics/fuel-taxes/gasoline-tax

Steve Kupillas said...

The government does what it wants because the public lets them. It's way past time to force the government to be held accountable by any means necessary. Lock and load!

drjim said...

One of the things I noticed last summer as we drove out to Colorado was how much the price of gas dropped as soon as we were out of Kommiefornia.