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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1306 |
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The oil producing nations in the Mideast currently are meeting to discuss increasing production so that crude prices will decline from its current price of more than $30 a barrel to the region of $25 (Georgy, 2000).
The American Petroleum Institute reports that 32.6 percent of the final cost to the consumer is the refiner's share that covers the cost of refining and provides the oil companies with their profit (Brodrick, 2000a)...
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The government's share is greater, however. "Taxes account for 37.4 percent of gasoline costs and averaged 41.5 cents per gallon in 1999, according to the institute. The federal government's share is 18.4 cents, and the state takes about 23 cents. Occasionally, local municipalities tack on an extra tax" (Brodrick, 2000a; p...
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General points of the essay
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