When you buy a gallon of gas, does the government or the oil company make more money?

I wonder how much the government gets in taxes vs profits for the company doing the work.

Cptainamer2013-02-21T08:58:48Z

Favorite Answer

The Government, and they don't produce anything for it...

21

?2013-02-21T08:58:14Z

I believe thats well estabished...The government charges more for taxes than the oil company makes in profits.

Feds tax 18 cents a gallon
State taxes vary (~30 cent average)
Average Oil Refinery profit ~11 cents

20

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The Oil Companies make .09 cents a gallon profit on gas, the government makes .50 cents a gallon profit.?Profits per $1 of oil sold: 6.7 cents for the gas company, 46 cents for government. Who's the villain again?Should oil companies lower gas to $1.00 a gallon, so that more people could go shopping and to raise gas taxes?can't the government tax the oil companies really hard so they will drop the prices.?Why do the US consumers let the oil & gas companies get away with robbing hard working people money?

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