11-02-2019, 03:06 PM
quote:
Originally posted by HereOnThePrimalEdge
Oil companies profit about 7 cents on a gallon of gas.
Gas stations make approximately 7 cents as their profit, some are oil company owned, some are privately owned. The privately owned stations like Woodland or Minit Stop sell other items with a higher markup so they can stay in business.
Oil companies in their role as an oil producer make about $2.00 per gallon, then another $.24 as the refiner.
https://money.cnn.com/2008/03/13/news/ec...2008031910
That 2008 article is based on crude at $110/barrel. It's currently $56.