Where does your fill-up go?
Who gets the money we pay for gasoline for our vehicles or lawn mowers or 4-wheelers?
I took this picture this morning at a gas station in Rocky Mount, NC on our way back home. I was surprised to learn that the fuel station owners only get 1% of the money we pay them each fill-up.
Knowing this information (not sure why I didn’t already know this) now, I think I have a different perspective on who is responsible for the nasty fluctuations in gas prices we’ve seen over the past 12 months.
- 58% - Crude oil companies.
- 17% - Petroleum refinery companies.
- 15% - Local, State and Federal taxes.
- 9% - Distribution and Retail companies*.
- 1% - Store owners.
* 20% of distribution and retail dollars go to credit card companies.
Categories: Business 4-wheeler, car, credit card, crude oil, gas prices, gas station, gasoline, lawn mower, NC, petroleum, refinery, Rocky Mount, SUV, tax, truck
JASEzone
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The high cost of gas this past year put a hurting on all of us, our economy and our society. We need to move forward as a society and utilize every available source of energy to lessen our use of foreign oil.It would cost the equivalent of 60 cents a gallon to charge and drive an electric car. The electricity to charge the car could come from solar or wind generated electricity. If all gasoline cars, trucks, and suv’s instead had plug-in electric drive trains, the amount of electricity needed to replace gasoline is about equal to the estimated wind energy potential of the state of North Dakota. Why don’t we use some of the billions in bail out money to bail us out of our dependence on foreign oil? This past year the high cost of fuel so seriously damaged our economy and society that the ripple effects will be felt for years to come. Why not invest in setting up some alternative energy projects on a national basis, create clean cheap electricity, create millions of badly needed new green collar jobs, and get out from under our dependence on foreign oil. What a win -win situation that would be. There is a great new book out called The Manhattan Project of 2009 Energy Independence NOW by Jeff Wilson. I highly recommend this book for anyone interested in alternative energy. http://www.themanhattanprojectof2009.com