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Quote by: Burning Giraffe  It goes to cover the cost. This has already been stated. Profit is the income over the initial cost of researching, producing, storing, and transporting the product. What is left is about 9.2 cents a gallon. That's what the oil companies make. The state governments average in the mid-.20's and the federal government is something like 18 cents. So, per gallon, the government is making much more profit than the oil companies. Where do you think the trillions of dollars our government wastes comes from? |
ill just say that you're just plumb wrong. the taxes for the gas go directly to federal dept of transport most of the tax money thats being wasted comes from income taxes. oh and I forgot there are a whole lot of tax breaks and kickbacks to the oil companies from the "gubmints" which of course is wasteful and wrong when you get these bastards pulling in record breaking 100 billion dollar profits already.