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re: Oil prices expected to drop? "Expect $50 oil, but not $2 gas"
Posted on 7/15/13 at 1:18 pm to Vols&Shaft83
Posted on 7/15/13 at 1:18 pm to Vols&Shaft83
quote:
Isn't like 55% of the cost of a gallon of gas excise tax?
epic fail
but this should be what you are looking for as far as breakdown
LINK
quote:
No I get that, but how much of your purchase price is tax. In other words, what does Exxon pay in tax per gallon, thus driving your purchase price up, thus driving your customer's purchase price up?
Exxon's cost are baked into the cost of the barrel of oil, it varies state but it's not close to 55% I can promise you that
This post was edited on 7/15/13 at 1:23 pm
2
Posted on 7/15/13 at 1:28 pm to whodatigahbait
It depends on what you mean by tax. If you including purchasing the lease rights and other govt fees then Exxon spent over $100B going directly to a govt out of the $500B that was spent. I have no clue what the actual break down is on a per barrel basis as some of this is for refining and they refine more than they produce.
Posted on 7/15/13 at 1:38 pm to whodatigahbait
quote:
epic fail but this should be what you are looking for as far as breakdown LINK
Was the Epic fail necessary? Thanks for the link though.
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