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The Reason Gas Is More Expensive And Who’s Profiting

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The Reason Gas Is More Expensive And Who’s Profiting

Postby Happy Mom » Tue Oct 14, 2014 5:56 am

This Very Revealing Map Shows The Reason Gas Is More Expensive And Who’s Profiting

Joshua Riddle


Why is gas so expensive? Well, you can get a range of answers from your local liberals, but the real reason is because of taxes.

A huge percentage of the cost of gasoline is spent on paying Uncle Sam for federal and state taxes. The government actually makes way more in “profit” on gasoline, than the freaking oil companies do. How twisted is that?

The federal excise tax is 18.4 cents per gallon, each state sets their own tax rate, so depending on where you live it will vary greatly.

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More from The Federalist Papers:

According to the IJ Review the two states who have the highest taxes are, you guessed it, New York at $0.505 and California at $0.4978. The two states with the lowest tax rates are: Alaska at $0.124 and New Jersey at $0.145.


Expressed as a percentage the price for a gallon of gas breaks down like this:

Crude Oil: 67%.
Refining Costs and Profits: 12%
Distribution, Marketing, and Retail Costs and Profits: 9%
Taxes: 12%. Federal excise taxes were 18.4 cents per gallon and state excise taxes average 23.52 cents per gallon.

The National Review reports that Exxon profits have averaged 8.26% for the past 20 quarters so government makes almost 50% more in “profit” from gasoline than the oil company’s themselves!
According to liberals, oil companies are evil, not the government. Oil companies power our world despite the government getting in their way. We should be giving these job creators medals, not demonizing them and letting the government rob them.


Read more at http://youngcons.com/this-very-revealin ... gKOrJ2g.99
"Preserving and protecting the principles of the Constitution is the primary role of the federal government."
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