Tuesday, April 25, 2006
Gas Taxes -- THAT is What Makes Gas so High!
According to Laurence M. Vance (See his article- click here) the average taxes per gallon of gas in the United States today is 42.7 cents. Some states are less and some more, of course, but let us compare that to the average profit to the oil companies on that same gallon of gas, which is reportedly only 5.8 cents.
Now, I got the 5.8 cents figure from the ConocoPhillips' site (See that byclicking here), and even if we assume -- as a leftist
So, we still have the taxes at four times higher than the profit of the oil companies. And, here is where we stand. The "windfall profits" that Chuck Schumer and Ted Kennedy are ballyhooing about, all the gnashing of teeth and bother about those eeeevil oil companies while it is the blasted GOVERNMENT catching all the windfall profits as far as I can see.
So, where is the "price gouging" coming from again?
-Warner Todd Huston
# posted by Publius @ 4/25/2006 10:46:00 PM 
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