But a company doesn't report gross revenue as profit. So if the goverment has road maintenance costs how is it making all that as profit? You can't count refining, production and delivery cost in one instance and disregard roadway costs in the other and call that honest. We can play with figures all day but oil sells for over $3 gal before any tax or refining. Someone is making a lot of money at that price. It doesn't really matter where you make the money if you are both produing oil and refining. The consumer is paying either way.
Originally Posted By: javacontour
I don't think he is very accurate. The federal tax on fuel is $0.184/gallon on gas and $0.244/gallon on diesel. So the federal government makes roughly 2x as much as the oil company on refined motor fuels.