A better question is how much profit did the federal government make from fuel taxes that US citizens paid last year? Don't know the exact figure but lots more than any oil company made. And the oil companies made enormous capital investments in infrastructure, labor, exploration costs, royalties,transportation, insurance, environmental costs, etc. etc... Also the oil companies have to purchase crude oil on a world market. Oil companies don't control the world market and futures market prices. But much impact on prices comes from federal government policies of blocking domestic exploration and blocking construction of new refineries. And for the ding dongs that insist on having local blends of gasoline to suit the local environment, I hope you're enjoying the high prices for your custom fuel...
BTW, what did the federal government do to earn the taxes paid for all the fuel purchased last year? Absolutely nothing except passing laws requiring higher and higher taxes on fuel....
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Today's Featured Article - Tractor Profile: Farmall M - by Staff. H so that mountable implements were interchaneable. The Farmall M was most popular with large-acreage row-crop farmers. It was powered by either a high-compression gas engine or a distillate version with lower compression. Options included the Lift-All hydraulic system, a belt pulley, PTO, rubber tires, starter, lights and a swinging drawbar. It could be ordered in the high-crop, wide-front or tricycle configurations. The high-crop version was called a Model MV.
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