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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.
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- ?Lv 68 years ago
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
Source(s): http://energyalmanac.ca.gov/gasoline/margins/index... http://www.gaspricewatch.com/web_gas_taxes.php
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