Tag Archive: Profits


This Eye-Opening Map Shows The Reason Gas Is More Expensive In Some States Than Others

 

   This map shows why the cost of gasoline is so high and why there is so much variation from state to state . The simple answer is , of course , taxes , both state and federal . Click on the map below to go to the interactive page that will give the reader specific details for each individual state and bear in mind that , even as the Statists demonize the oil industry as some sort of price-gouging profiteers , that the various government entities make more from the sale of a gallon of gas than do the evil energy producers .

 

 

Gas Taxes By State

Click Map For Interactive Link

 

 

” The federal excise tax is 18.4 cents per gallon, and the rest of the taxes are particular to each state and vary greatly around the country.

  The two states with the biggest taxes: New York at $0.505 and California at $0.4978. The two states with the lowest taxes: Alaska at $0.124 and New Jersey at $0.145.

  Expressed as a percentage, based upon current prices which are $3.678 as averaged across the nation, the price for a gallon of gas breaks down like this:

  • 10% for refining costs and profits
  • 10% for transportation and retailing costs and profits
  • 13% for taxes and fees
  • 67% for crude oil

  One thing to notice: The total costs and profits for everything except the oil is just slightly larger than the amount that goes to state and federal taxes.”

 

 

Here is a bit more perspective on those “massive profits” raked in by “Big Oil” …

 

 

 

 

 

 

” ExxonMobil’s earnings are from operations in more than 100 countries around the world. The part of the business that refines and sells gasoline and diesel in the United States represents less than 3 percent – or 3 cents on the dollar – of our total earnings. For every gallon of gasoline, diesel or finished products we manufactured and sold in the United States in the last three months of 2010, we earned a little more than 2 cents per gallon. That’s not a typo. Two cents.”

 

 

 

As the astute reader can easily ascertain , the only “price gouger” in the energy business is the State .

 

 

 

 

 

 

 

 

 

 

Gun And Outdoor Gear Retailer Cabela’s 1Q Profit Jumps 73 Percent

 

 

 

 

” Cabela’s says strong sales of guns and ammunition helped drive its profit up 73 percent in the first quarter, surpassing expectations and briefly driving its shares to all-time highs on Thursday.

The retailer operates stores that sell gear for hunting, fishing and outdoor sports.

Revenue jumped 29 percent to $802.5 million from $623.5 million last year. Analysts expected revenue of $770.5 million.”

 

 

 

 

 

 

Who Needs To See Combat Video?

 

 

 

” You take pictures when you want to hold onto a moment. The first day of school. That silly icing on someone’s nose. The sweet face of your newborn baby.

But you take video when you want to capture time itself. This is Grandma dancing the Harlem Shake. Here is your first lay up. This is what you look like scrambling away from the Taliban and getting your weapon shot out of your hands.

That last kind of “time capture” is causing a bit of a ruckus in our military community. Ever since Pfc. Ted Daniels’ helmet cam video of himself in combat in Afghanistan got 23 million views online, plenty of questions have been raised about the use of video that troops are bringing home from war. Who benefits from these videos? How should they be used? Is it OK to make a profit from them?

There are so many kinds of war video out there, it is difficult to make hard and fast rules.

The war itself is captured officially on video cameras mounted on helicopters, on drones, on trucks. Troops are buying their own helmet cams to capture what happens to them on patrol. “

“White House senior adviser Valerie
Jarrett’s real-estate investment
jumped in value between 2010 and
2011, documents show”

” Senior White House adviser and long-time Obama confidant Valerie Jarrett’s role in a number of controversial Chicago housing developments has garnered her investments worth millions
of dollars while highlighting the
administration’s extensive business ties to presidential donors.”