2006-04-26

strredwolf: (Hmmmmmmm)
2006-04-26 10:21 pm

(no subject)

Okay, from CBS and WJZ news reports, and taking the max per $3.01 gallon of gas in Maryland:

  • 10 cents to the station.
  • 3 cents to the gas wholesaler in profit.
  • 2 cents to get the gas to the station.
  • 19.4 cents to the Feds for gas taxes.
  • 23.5 cents to Maryland
  • The rest goes to the oil companies.
So roughly 60 cents per gallon is accounted for.  This doesn't account for marking, refining, and the actual price of crude.
Supposedly, 44% of the cost of gas is price of crude (back in 2003).

I have questions about that.  Every news report you turn on tells folks that the gas/oil companies are making record profits.  It smells of price gouging at higher-levels, or simply put, fraud.

We need an investigation, but by a independent counsel.  I have no faith in the FTC nor the Bush administration.