Profit On A Gallon Of Gas
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Factoring in expenses which include rent utilities freight labor and credit card fees a retailer is left with about 2 cents per gallon in profit.
Profit on a gallon of gas. Most of the retail price of a gallon of gas 69 percent goes to the cost of crude oil. For all of their products gas stations made 3 percent net profit in 2013 and 16 percent in 2012. The data were.
Oil and Gas Drilling Profit Margin As of January 2020 the average net profit margin for the oil and gas drilling industry was 68 according to data from NYU Stern. Taxes are about 13 percent of the price. Privately owned gas stations historically have some of the thinnest profit margins in retailing but in 2013 they experienced their strongest margins in years according to preliminary data from.
According to private company financial statements from 2013 the average privately-held gas station made only two cents of profit on each dollar of sales making it part of one of the least. Surprisingly most of the profit for gas stations comes from the other products sold and not gasoline. However the actual amount paid varies greatly by state.
According to the Tax Foundation if you are buying gas in New York State you would pay the highest taxes in America 506 cents per gallon in 2013. Without taxes a gallon of gasoline is more expensive in the USA than in the UK. GGE also compares gasoline to fuels sold as a gas natural gas propane hydrogen and electricity.
In Ecuador not a particularly large producer drivers pay an average of 148 a gallon. According to NACS Online in 2009 the average mark-up per gallon of gas by the retailer was. The margin data is based on the statewide average retail and wholesale price of gasoline for a single day of the week.
In cnn-money article I read exxon made 40 billion in profit in 2007 a 60 increase from 2004But they paid 100 billion in taxes and fees. G enerally the markup or margin on a gallon of gas is about 15 cents per gallon gross profit before expenses. Factoring in expenses which include rent utilities freight labor and credit card fees a retailer is left with about 2 cents per gallon in profit.
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