GENEROSITY AT THE PUMP

GENEROSITY AT THE PUMP


Gasoline prices are excessively high, but do you know that the price you run up at the pump is not all that you pay for that tank of gasoline?

Oil companies are awash in cash. Some find ways to avoid paying any taxes at all, and as a group  they manage, through the services of skilled lobbyists, to get the government to give them money, lots of money, described as subsidies.

Gasoline consumption in the United States is around 135 billion gallons a year.
Oil company subsidies average about ten billion dollars a year.

Let’s see.... it’s simple arithmetic.

Ten billion dollars is a trillion cents. Divide that by 135 billion gallons and you get .74 cents a gallon. In other words, each time you tank up ( a modest 14 gallons), you tip the oil companies just over a dollar.

Feel better now?