Quote:
Originally Posted by BC-Axeman
In Calif.: Profit < $.02 per gal, taxes > $.66 per gal.
Profit margin of Exxon as percent: 7.5%
A 7.5% margin is not all that great in any business.
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I'm not all that good at math, but I can't see how 2 cents profit on a $4.00 gallon of gas equals a 7.5% margin of profit?
Can someone figure me out on this one, please?
