Sunday, September 25, 2005
Wonder where your money went?
The WaPo has a breakdown of who makes what from a gallon of gas.
When the average price of a gallon of regular gasoline peaked at $3.07 recently, it was partly because the nation's refineries were getting an estimated 99 cents on each gallon sold. That was more than three times the amount they earned a year ago when regular unleaded was selling for $1.87.About the only part missing is how much of the profit sticks to senior executives who don't really do anything to deserve it..
The companies that pump oil from the ground swept in an additional 47 cents on each gallon, a 46 percent jump over the same period.
If motorists are the big losers in the spectacular run-up in gas prices, the companies that produce the oil and turn it into gasoline are the clear winners. By contrast, the truckers who transport gasoline, the companies that operate pipelines and the gas station owners have profited far less.
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