2007-05-12 18:21:40 · 4 answers · asked by Robert D 2 in Business & Finance ➔ Corporations
You can't be serious. Opec makes a fortune, PERIOD!!!! The gas companies compete internationally and their profits go up and down (lately up), and try looking up how much the government makes on the taxes on gas - please pursue that.
Politics keep our gas prices higher than they might be, but please compare to Europe before you go blaming anyone here too much; we have it so good here in the USA we are spoiled. How much of your gross or net income do you spend on gas, as a per centage? I feel blessed.
OK, so I won't get points on this one, but consider how cheap you also have food, clothing, and electricity as a percentage of your income.
2007-05-12 18:35:17 · answer #1 · answered by Anonymous · 0⤊ 1⤋
since gas prices are way higher and oil is not at all time highs, I'd think the gas companies are making the extra profit. When oil was $10. a barrel higher gas wasn't this high. A huge part of the extra cost right now in gas is the addition of ethanol. Our government subsidizes the producers of ethanol in the U.S. and adds a tax on cheaper import from Brazil.
2007-05-13 01:12:34 · answer #2 · answered by Jo Blo 6 · 0⤊ 1⤋
Let's not forget the windfall state governments get on higher gas prices. Most charge sales tax per dollar of sale, so higher gas prices mean increase in tax revenues.
2007-05-12 18:32:07 · answer #3 · answered by xtowgrunt 6 · 0⤊ 0⤋
OPEC, of course. Think about it ... their costs don't go up ... only the prices.
2007-05-12 18:28:25 · answer #4 · answered by jdkilp 7 · 0⤊ 0⤋