Some Facts On Oil Profits

If the oil industry were to remove their entire markup on every gallon of gasoline, the price would drop by only 10 cents per gallon.

The domestic fuel “profits” are only slightly higher than the federal taxes paid on their gross domestic income. In at least one recent year, the taxes were higher than their domestic income.

Most of the profits reported by the Big Oil Companies come from foreign business and non-fuel domestic business.

The oil industry has invested more than $100 Billion over the last 20 years.