How much does oil companies make on a gallon of gas before taxes?

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1183371

2026-03-17 18:40

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Oil companies typically make about 10 to 15 cents per gallon of gasoline before taxes, although this can vary based on factors like market conditions and refining costs. The profit margins can fluctuate due to changes in crude oil prices, production costs, and competition. Overall, the majority of the price at the pump is often attributed to crude oil costs, taxes, and distribution expenses rather than the oil companies' profits.

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