Re: Price fixing among tire manufacturers

One would suspect consumers would be more worried about who makes the largest profit from each gallon of gas they buy. It is NOT the oil company,
who has all of the money invested in getting the gas to you, in fact the oil company is not even the second highest profiteer LOL

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Mike hunt wrote:

Why would they be worried? Are they afraid that one of the people in the chain are going to run out of money?

Why don't you please share your knowledge and tell us who are the biggest profiteers from gasoline, after the taxes paid to the governments (state, federal and local)?
The industry profit margin is about 10%, which would be about $0.25 per gallon of gas (tax is around $0.40 and varies by state). (It's really hard to estimate, but the cost of refining, distribution and marketing and profit at these stages) is about 19%, so the number seems reasonable.
And please don't suggest that the gas station owner is the biggest profiteer. Their margins are very low.
Jeff

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