Some facts about oil and money at ExxonMobil Perspectives.
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.Taxes are much more than that. Governor Molloy in Connecticut wants to add another 3 cents to his state's 25 cent per gallon gas tax. Gas is cheaper in Rhode Island, and cheaper yet in Massachusetts, but most Connecticut residents don't live close enough to a border to make it worthwhile to cross over just for cheaper gas.
Read the Perspectives post, and this one at Power Line, which adds some commentary. Higher energy prices are part of the Administration's plan to Win the Future. WTF!