WHO REALLY PROFITS THE MOST FROM THE PRICE OF GASOLINE?
Posted by Allan Bevere under Economy, Taxes at 7:30 am.It varies from state to state, but once State and Federal excise taxes are paid, anywhere from 30-60 cents (approximately) of every gallon of gasoline goes to the government in taxes.
The profit oil companies make on a gallon of gas? About 10 cents.
Sources:
http://www.taxfoundation.org/taxdata/show/1067.html
http://www.michigangasprices.com/tax_info.aspx
http://www.taxfoundation.org/publications/show/1168.html
http://www.investmentu.com/IUEL/2007/20070323.html
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Cross-Posted at Allan R. Bevere
