this post was submitted on 16 Mar 2026
4 points (70.0% liked)

news

807 readers
1415 users here now

A lightweight news hub to help decentralize the fediverse load: mirror and discuss headlines here so the giant instance communities aren’t a single choke-point.

Rules:

  1. Recent news articles only (past 30 days)
  2. Title must match the headline or neutrally describe the content
  3. Avoid duplicates & spam (search before posting; batch minor updates).
  4. Be civil; no hate or personal attacks.
  5. No link shorteners
  6. No entire article in the post body

founded 7 months ago
MODERATORS
dude@lemmings.world
4
Chart shows what you're paying for when you buy a gallon of gas (www.cbsnews.com)
submitted 2 weeks ago by dude@lemmings.world to c/news@lemmings.world
3 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] CombatWombat@feddit.online 3 points 2 weeks ago (1 children)

51% crude oil, 20% refining, 18% taxes, and 11% marketing leaves 0% in profit, which doesn’t really jive with the fact that Exxon did $48.87 billion in profits on $339.25 billion in revenue in 2024, which implies that at least 14% of the cost of the gallon of gas goes to profits.

[–] Dionysus@leminal.space 1 points 2 weeks ago

When you own pretty much the entire manufacturing pipeline, you hide your profit in your early steps and sell at a loss, woe is me, support your billionaires, etc etc