The feds charge you 18 cents per gallon and if you are in AK, your combined tax is 26 cents. In MN. we are at 47 cents per gallon.
So the feds make 18 cents pure profit per gallon without having a drilling rig, drilling crew, transport, engineers, accountants, wages, health care, vacation, liability insurance - I hope you get the picture.
In general, gas companies profit is a net 10%. So who is screwing who?
