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Lurker Deluxe

(1,076 posts)

15. And ...

Reply to multigraincracker (Reply #12)

Mon Nov 7, 2022, 09:08 AM

Nov 2022

How much do you think oil companies make on a gallon of gas?

$1.50?

Not even close. $0.15 ... maybe.

Any idea who makes the most on a gallon of gas in the US?

The government, with about $0.50 per gallon between federal and state taxes.

The world consumes massive amount of oil per day. Massive being close to 94 million barrels of oil ... daily. 40+ gallons of fuel per barrel equal about 3.75 billion gallons of fuel per day.

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Gas prices [View all] larwdem Nov 2022 OP

Go higher after Nov 8 at140 Nov 2022 #1

It depends on whether the OPEC cutback is real or just bluster The_Casual_Observer Nov 2022 #2

Drivers are still: Ron Green Nov 2022 #3

+1 TheFarseer Nov 2022 #11

A Citgo near me bought and cleanup a former Mobil station its Historic NY Nov 2022 #4

Gas price is not based on supply and demand. multigraincracker Nov 2022 #5

How would reducing gas station profits to zero cause prices to drop? MichMan Nov 2022 #7

I worded for Speedway years ago and multigraincracker Nov 2022 #8

The post I replied to suggests that they could cut the gas price to $2.50 MichMan Nov 2022 #10

Have you seen the current profits for big oil? multigraincracker Nov 2022 #12

The reference was to corner gas station profits and convenience store sales MichMan Nov 2022 #14

And ... Lurker Deluxe Nov 2022 #15

3.75 billion times 15 cents adds up. multigraincracker Nov 2022 #16

What makes an excessive profit? MichMan Nov 2022 #17

They pay taxes Lurker Deluxe Nov 2022 #19

Let's just make America great again, like multigraincracker Nov 2022 #20

right after the next WW Lurker Deluxe Nov 2022 #21

Is that what you want? MichMan Nov 2022 #22

Costco near me has been at least $0.30 lower than it had been continually for the past month: $3.15 hlthe2b Nov 2022 #6

Agree. We buy mostly from Costco. Better Days Ahoy Nov 2022 #9

Ours Went Up 30 Cents In 2 Days ProfessorGAC Nov 2022 #13

Gas prices have been stable in NorCal for about three weeks Sympthsical Nov 2022 #18

It will go lower. They don't want to pay that windfall profit taxes. They have served their purpose Samrob Nov 2022 #23

Good point, but multigraincracker Nov 2022 #24

What windfall profits tax? MichMan Nov 2022 #25