Got Gas?

Regarding the insanely high oil company profits:  
The gross profit margin for a gallon of gas in America today, is what it 
has always been, on average, .08 cents per gallon, (2.5% at $3.00 per 
gallon). Though retail gas prices fluctuate with crude prices and supply 
vs. demand, the gross profit margin per gallon remains roughly the same at 
all times. 

However, our federal government profits approximately .59 cents per gallon 
through gasoline taxes, 750% that of the oil producers themselves and 20% 
of the price at the pumps. Pay attention here, Washington liberals are 
attacking oil companies for their 2.5% gross profit margin, while 
Washington is profiting 20% per gallon. Tax some more? 

If oil companies cut their profit margins by 50%, it would drop the price 
of a gallon of gas by only .04 cents per gallon. If Washington cut their 
take by 50%, gasoline would cost .30 cents per gallon less. If the federal 
government didn't tax gasoline at all, the price per gallon at the pumps 
would be $2.40 per gallon instead of $3.00 per gallon and the oil 
companies would still be at a respectable 2.5% gross profit margin.  

Walt-Mart Stores Gross Profit Margin: 24.83%

The President just asked Congress on Wednesday to scrub the corporate tax 
code of dozens of loopholes and subsidies to reduce the top rate to 28 
percent, from 35 percent, while giving preferences to manufacturers that 
would set their maximum effective rate at 25 percent. In order to pay this 
offset? New additional taxes and fees on HUGE OIL COMPANY PROFITS.