How much is gasoline in your neck of the woods?

I just don't understand why gas prices are so high. I mean we tax away all the money made off of gas.

christophersnow wrote: I just don't understand why gas prices are so high. I mean we tax away all the money made off of gas.

I'm trying to figure out what this means. I get that there is a tax on gas that adds to the price. But I don't get how that equates to us taxing away all the money made off of gas. Oil company's are posting 4+ bil in profit (not revenue, profit) per quarter completely separate from any amounts that are tax.

"profit-not revenue, yes I get it" I did the profit not revenue thing because some people I have talked to have assumed that number being as high as it was, was just income. Do not take that as me clarifying it for you specifically or talking down to anyone in any way.

I think more people are finally snapping to the fact that there is an added tax on gas, whereas many had never really paid attention. I don't think people are blaming that tax as being the primary reason for the high prices per se, just that it's another burden on top of an already rising expense. I am not defining oil companies as big and evil nor saying they should not make a profit. I would however say that I see that level of profit as excessive. I get that demand, the oil futures market, etc. are the drivers of the increases. However, I still am not seeing what the purpose is of maintaining that high of a profit level. And yes it's their perogative to sell it at what prices they want. I just couldn't be the guy seeing multi-billions in profits and trying to be straight faced while telling people to like it or lump it.