how much profit do the oil companies make per gallon on 3 dollar per gallon gas?

Answer 1

about a 1.85

Answer 2

Retailers of fuel earn about 2 cents per gallon profit. Refiners earn about 8-14% profit on a gallon of fuel. Oil companies themselves do not directly make profits off fuel unless they also are a refiner and/or retailer. They make a profit off oil prices and the difference between the cost to get the oil to market and the market price.. On oil they make a profit off about 9 different products that are distilled from crude. This doesn't even count the natural gas that is found along with oil exploration. If an oil company also owns its own refinery and its own fuel retail chain, it is not factual that they are only making 7 cents per gallon. maybe if you are making false claims based only on the profit the oil company themselves make by selling oil to the refiner, can you come up with such nonsense. But that would mean leaving out the other 10 products acquired while exploring for oil that are taxed far less than fuel and far more profitable. So I guess if you exclude the profit on all the other products they make out of oil, then yes maybe that is true. But why are we talking about how much oil companies make per gallon of fuel when we should be discussing oil companies and barrels of oil or refiners and gallons of fuel.

Answer 3

A lot of costs to the company are reflected in the price you see at the pump, and each retail site is different, as each supplier, dealer, jobber, etc. has a different cost to serve. For sure, approximately 19-21% of the price goes toward taxes (about $.60); then you have to consider the cost of manufacturing and delivering the gasoline. From the oil wells, to the barges, from the barges to the refineries, from the refineries, down the pipeline, and from the pipeline to the terminal, from the terminal to the truck, and from the truck to the site. A lot of people working to create and deliver the product, not including the desk jokeys who work behind the scenes to orchestrate it all (that includes me). The amount of profit in a gallon of gas is insignificant -- around $.15 to $.20, but so much of it is sold on a daily basis that it adds up.

Major oil companies actually make more profit from sales to commercial or government customers like Ford, GM, Penske, energy companies, and Army Air Force Exchange Service, etc., than they do with retail customers. In fact, retail sites lose revenue for most oil companies, that's why most of them are franchises that purchase branded gasoline. It's the dealers and franchisees who set their own price.

Answer 4

Exxon Mobile posted a $40B profit in 2006, the largest ever one year profit for any company. Don't expect them to become less greedy.

To break that down, it's 109 million a day or just over four and a half million dollars an hour. In profits, not overall sales.

Answer 5

They make the same profit on $3.00 gas as they do on $.99 gas. They pay more for it just like we do. The tax amount we pay per gallon should be posted next to the amount we actually pay for the gas.

Answer 6

About 18 cents. (5.9 %)

The reason they make so much in net profit is because of the volume of gas sold. Many many many gallons sold.

Answer 7

20-30 cents

Answer 8

Well lets just say "they ain't hurtn' for money" It's a butt load.

Answer 9

55%..

Answer 10

more than they should