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Note from the editor about fuel tax rates, costs and profit:
Last week the wholesale cost of gasoline was $1.86 per gallon. With
taxes, fees and transportation added, the cost to the vendor was
$2.29 per gallon. The price at the pump was $2.59. While we do not
have the current wholesale prices, we all know that they have jumped
since then.
Some comparative figures for
gasoline and LP:
- $.19 per gallon state tax
- $.18.4 per gallon federal tax
- $.007 underground storage tank fee
- $.003 environmental impact fee
- $.38 per gallon taxes and fees
Add:
- $.05 per gallon transportation cost
Equals:
- $.43 per gallon taxes, fees and transportation
43 cents per gallon taxes and transportation cost
30 cents per gallon profit
[to top of second column]
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 To the editor:
Can someone say price gouging? Lincoln seems to always mess with
the price of fuel when something happens. Price here in Alabama has
not changed a bit. Still $2.39 a gallon. It's a shame the oil
companies still take advantage of people even when they are making a
killing already.
Chuck
(Posted Aug. 30, 2005)
Click here to send a note to the editor in response to this letter.
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