this should put some things into perspective.........
the chart below shows that gas prices...there is $1.36 in total profits per gallon to pump, refine, haul, market, and sell fuel at 2.65 a gallon.........thats not that much considering there could be as many as four companies involved counting the retail station......its just a touch more than 20 cents a gallon profit per party involved.....assuming that there were not multiple carriers to transport it, etc....which reduces the cost per party involved......
Expense Amount per gallon
Production costs 33¢
Producer profit 95¢
Refining costs 40¢
Refining profit 10¢
Transportation costs 12¢
Transportation profit 9¢
Marketing costs 4¢
Marketing profit 4¢
Retailer costs 8¢
Retailer profit 8¢
US Taxes 19¢
State taxes (avg. 23¢) 6¢ to 39¢ details
Local taxes 0 to 20¢
TOTAL $2.65
now look at this...you complain about fuel companies....but they dont make that big of a profit percentage wise......you should be complaining more about your computer, soda, toilatries, and apliances.......
Company.......................Net Profit(billions)...........Revenue(billions)...... .........Profit Margin
Citigroup (banking).............$7.1........................ .... $21.5 ...........................33%
Microsoft...........................$3.1 ............................ $9.7 ......................... 32%
Coca-Cola ....................... $1.3 ...............................$6.0 .........................21%
Procter & Gamble.................$2.0 ............................. $14.8...........................14%
General Electric....................$4.7 ..............................$41.6............... .........11%
ExxonMobil........................ $9.9..............................
$92.6 .........................11%
ConocoPhillips......................$3.8 ..............................$48.7............... ......... 8%
IBM ..................................$1.5 ........................... $21.5......................... 7%
Chevron ............................ $3.6 .......................... $51.1 ..........................7%
Wal-Mart ........................... $2.8 .........................$76.8 .............................. 4%
oil companies had WAY more revanue but a lesser profit percentage than a lot of other companies.......
i quote this from another site....
Despite record prices, the real price of gasoline has been trending downward. In inflation-adjusted 2004-dollars, gasoline prices are 26 percent lower than the 1981 high of $2.79 per gallon, the American Petroleum Institute (API) recently reported. This means that the real cost of gasoline to consumers has fallen by $0.73 per gallon between then and now.
just some things to think about before you think you got gouged.........Marc
Last edited by mschn99 : 04-16-2006 at 07:10 PM.