Who do you think makes the most money on the sale of a gallon of gas? I'll tell you. It’s not “Big Oil.” It’s Big Government. Gas taxes are worth 5 to 10 times what gas profits are. The federal and state governments use the tax money to build roads, while the oil and gas companies reinvest their profits into equipment and infrastructure.
Gas prices are higher now. That can be blamed on three groups of people.
1. The environmental lobby: They are primarily responsible for the fact that a refinery hasn't been built in
2. The federal government: For listening to the environmentalists and not acting faster to promote alternative fuels.
Congress is calling for price-gouging investigations and a windfall profits tax. If price-gouging had occurred, we’d already know about it. And a tax on excess profits is simply a bad idea and sends a terrible message to other industries. Plus, the money would be wasted by the government.