>
> --- In [email protected], "shempmcgurk" <shempmcgurk@>
> wrote:
> >
> > --- In [email protected], "sparaig" <sparaig@> wrote:
> > >
> > > --- In [email protected], MDixon6569@ wrote:
> > > >
> > > >
> > > > In a message dated 4/23/06 10:39:58 P.M. Central Daylight
> Time,
> > > > jflanegi@ writes:
> > > >
> > > > > JohnY
> > > > > ps. pundits won't do it either...
> > > > >
> > > > Speaking of record profits by the oil companies, I
researched
> > this
> > > > recently and found out that it now costs the oil companies
> > about
> > > > $1.50 to make, market and sell a gallon of gas. Add the US
tax
> > to
> > > > that and total equals ~$2.25, total. the rest is pure ,er,
> > gravy...
> > > >
> > > >
> > > >
> > > >
> > > > I don't think they are making .75 cents per gallon. There
are
> > > different
> > > > formulas that different counties have to have per EPA and
they
> > are
> > > more expensive
> > > > and then you have delivery and retailers cut and I think
> states
> > > even have
> > > > their own tax. I heard later today it's more like 11 cents
a
> > > gallon to the oil
> > > > companies.
> > > >
> > >
> > > Again, define "net" profit.
> > >
> >
> >
> > See their income statement:
> >
> > http://tinyurl.com/gw3o7
> >
>
> Their net income is $36 billion. I can't find any break down of
how
> much they make per barrel or gallon or whatever.
>
There are 42 U.S. gallons in a barrel of oil.
So, at $75.00 a barrel, the oil company is paying $1.79 at the oil
well for each gallon of oil....BEFORE any refinement costs,
transportation costs, retail costs, etc are added on to the price.
Oh, yes, and BEFORE any taxes are added to the price as well. See:
http://www.lmoga.com/taxrates.htm (andt there may be local taxes
added as well). In Arizona there is 36.4 cents taxes (excluding any
local taxes, if any) on a gallon of gas.
Of course, the income statement probably includes income from other
sources, such as investments. But, hey, we aren't concerned about
that; even the most jaded anti-oil-company person isn't complaining
about how much the oil companies make on NON-oil sales.
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