Where does the higher gas price money go?

[EvMetro]

So with gas prices doubled, where does the extra money that we pay at the pump end up?

 

[Votto]

The same place where your socks go when getting lost in the laundry.

 

[Rambunctious]

The feds and the states refuse to cut gas tax because they are raking it in with gas taxes....

 

[Mr Natural]

The CEO of Exxon makes a cool $23 million a year.

 

[johngaltshrugged]

So with gas prices doubled, where does the extra money that we pay at the pump end up?

Subsidies to green energy is one place. Higher dividends to investors is another.
Not in exploration or development as long as dementia dudes official position is to ruin fossil fuels companies

 

[EvMetro]

The CEO of Exxon makes a cool $23 million a year.

Are you proposing that the second half of doubled fuel prices is going to the ceo of exxon?

 

[RetiredGySgt]

So with gas prices doubled, where does the extra money that we pay at the pump end up?

Dumb ass the money goes to the oil Countries charging the oil companies for Oil,

 

[okfine]

So with gas prices doubled, where does the extra money that we pay at the pump end up?

You don't know? Call the Biden Gasoline Company.

 

[jbrownson0831]

Are you proposing that the second half of doubled fuel prices is going to the ceo of exxon?

It goes to Biden along with his kickbacks from the Ukraine.

 

[Papageorgio]

The CEO of Exxon makes a cool $23 million a year.

He made that before the high prices. The government takes more in taxes than oil companies take in profits.

 

[Fort Fun Indiana]

Subsidies to green energy is one place. Higher dividends to investors is another.
Not in exploration or development as long as dementia dudes official position is to ruin fossil fuels companies

Naturally, that's all incorrect and is just cult fantasy you invented.

U.S. oil drilling, output moving higher with energy prices

U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling and well completion activity, according to industry experts.

www.reuters.com

 

[Harpy Eagle]

Dumb ass the money goes to the oil Countries charging the oil companies for Oil,

what country is charging the oil companies for the oil produced in the US?

 

[evenflow1969]

He made that before the high prices. The government takes more in taxes than oil companies take in profits.

Lol, no they don't. You are an idiot.

 

[marvin martian]

So with gas prices doubled, where does the extra money that we pay at the pump end up?

10% for the Big Guy!

 

[RetiredGySgt]

what country is charging the oil companies for the oil produced in the US?

We buy from private companies that charge the Global price are you suggesting they shouldn't charge the global price? Gas prices are set by the price of oil and no company is going to shoot themselves in the foot and not charge that price. Go peddle your socialism elsewhere

 

[johngaltshrugged]

Naturally, that's all incorrect and is just cult fantasy you invented.

U.S. oil drilling, output moving higher with energy prices

U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling and well completion activity, according to industry experts.

www.reuters.com

Sure it is proggy but I guess you gotta double down on your support for the diaper dude & insane progressive policies.
Which gender did you settle on today?

Oil and gas exec rips Biden admin's 'disingenuous' support of industry

Mack Energy Corp. Director of Government Affairs Claire Chase argued that the United States is currently facing a “crisis of President Biden’s making” as it pertains to oil and gas.

www.foxbusiness.com

 

[johngaltshrugged]

Lol, no they don't. You are an idiot.

Lol, yes they do. You are an idiot.

Gasoline Taxes Vs. Profits

After crude oil costs, gasoline taxes are the second largest contributor to the price paid at the pump. Together Federal and State excise taxes on fuel account for an average cost of approximately 62 cents per gallon. That’s a combined tax of about 20% per gallon of gas. The federal tax per...

www.aei.org

 

[evenflow1969]

Lol, yes they do. You are an idiot.

Gasoline Taxes Vs. Profits

After crude oil costs, gasoline taxes are the second largest contributor to the price paid at the pump. Together Federal and State excise taxes on fuel account for an average cost of approximately 62 cents per gallon. That’s a combined tax of about 20% per gallon of gas. The federal tax per...

www.aei.org

Lol, according to your idiot source. Meanwhile the gas tax in the state of Ohio is 37 cents for gas and 45 for deasil. Gas has more than doubled. So go fuck your self and your source.

 

[johngaltshrugged]

Lol, according to your idiot source. Meanwhile the gas tax in the state of Ohio is 37 cents for gas and 45 for deasil. Gas has more than doubled. So go fuck your self and your source.

Plus the $.18+ for fed taxes.
Sorry if you hate the facts proggy but that's Ok.
I'm sure you'll be fine after you go cry it out in a safe space.
Announce your genders while going in as a courtesy to others

Other than the gas tax being one of the highest in the country, there are other reasons why gas is so expensive in California.

A major reason for this is the Cap and Trade Program. This requires big greenhouse gas emitters like the refineries to purchase carbon credits. As a result, the extra cost gets projected to consumers.

Additionally, there are also strict requirements on gas stations to sell only specific blends of gas so that the pollution is minimized. Although this brings quality, it still adds to the cost.

https://www.taxuni.com/california-gas-tax-2022/

 

[evenflow1969]

Plus the $.18+ for fed taxes.
Sorry if you hate the facts proggy but that's Ok.
I'm sure you'll be fine after you go cry it out in a safe space.
Announce your genders while going in as a courtesy to others

Other than the gas tax being one of the highest in the country, there are other reasons why gas is so expensive in California.

A major reason for this is the Cap and Trade Program. This requires big greenhouse gas emitters like the refineries to purchase carbon credits. As a result, the extra cost gets projected to consumers.

Additionally, there are also strict requirements on gas stations to sell only specific blends of gas so that the pollution is minimized. Although this brings quality, it still adds to the cost.

https://www.taxuni.com/california-gas-tax-2022/

That's including the feds. So the new 2.50 per gallon goes straight into the oil industry pocket. Gas tax has not changed here for several years