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So who is really price gouging the public in gasoline? In the most recent quarter, ConocoPhillips made about 9 cents a gallon, when gasoline was selling for $2.60 a gallon. That’s a profit margin of 3.5 percent.
In that same period the Federal Government made 18.4 cents per gallon. State governments made anywhere between 14 and 44 cents per gallon.
Posted by The Vorlon at November 22, 2005 6:51 PM