There has been alot of talk about the amount of "Profit" the big evil oil companies have been making recently and why we should Tax them to make it fair...
Came across some information on how much we pay for gasoline and where the money actually goes as far as cost of crude, transportation, refining, and taxes...
Interesting fact, most oil companies make an average 13% profit when all is said and done. The average McDonalds makes 28%+...
The average cost of a gallon of gasoline can be broken down into 5 sections:
Crude oil: this money is what is actually paid to the suppliers of the crude oil. Most of this money goes to OPEC countries and is the reason why we should seek our own sources of crude and alternative energy sources... 43%
Taxes: There are many who say that petroleum is big business. One of the biggest "Partners" is the state & federal government... 31%
Refining Costs & Profits: This is the amount of money that the actual Big Oil Companies make but includes cost and profit... 13%
Distribution & Marketing Costs & Profits: The actual cost of transporting the crude to the refineries and then gasoline to the gas stations... 13%
Gas Stations Profits: This is the markup that is made by the individual gas station operator. This amount varies from location to location and can be little as a few cents per gallon up to over $.10 a gallon...
Historical Gas Prices(Adjusted for inflation)
Price Per Gallon
Source: U.S. DOE
Global Gas Prices per Gallon:
Oslo, Norway $6.27
Milan Italy $5.96
Cairo Egypt $0.65
Saudi Arabia $0.91