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CARPE DIEM: Gasoline Taxes Per Gallon Are Almost 7 Times ExxonMobil's Profit: 42 cents vs. 7 cents for QI
Pretty short and sweet blogged article, but did anyone else find this surprising?
This would matter if Exxon made most of its money off of refined products. Too bad they don't. The real money is in extraction and transfer pricing of raw crude.