
02-15-2012, 08:23 AM
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6th Generation Texan
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Join Date: Feb 2002
Location: Devil's Backbone,RR 32,
TX
Cobra Make, Engine: Lone Star Classics #240,Candy Apple Red,Keith Craft 418w - 602 HP,584 TQ
Posts: 8,157
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Not Ranked
Oil Companies aren't the problem at 2.5% profit per gallon. Or as an Industry at 6.5% Profit Margin.
Cutting their profit by 50% on each gallon of gas lowers your cost by 4 cents.
Based upon a $3.00 gallon of gasoline, the average break-down is as follows :
Gasoline Retailer $.01 cents per gallon
Oil Company $.08 cents per gallon
Refining $.29 cents per gallon
Marketing/Distribution $.32 cents per gallon
Taxes $.59 cents per gallon
Cost of crude $1.71 per gallon (delivered)
Problem at this time are Gasoline Refineries shutting down.
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