(no subject)

[strredwolf]

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.

Comments

[strredwolf.livejournal.com]

I'll acknoloege that. WJZ (http://www.wjz.com) did report that the average was between 3-10 cents... um... isn't an average supposed to be near exact? I went for the conservative 10.

[oby.livejournal.com]

May have changed since I worked at the station. It's been 4 years. :P