What is Exxon's NET profit (cents) per gallon of gas @3.60/gal?

Question

NET profit is after "cost of doing business" such as taxes (state and federal), production, storage and delivery of the product to the pump.

Answer 1

The gas stations which are mostly independently owned make about 5-7 cents a gallon. This is before expenses.

Answer 2

Associated Press Business Writer, JOHN PORRETTO, reported the following detail on May 1, 2008 for Exxon's 1Q 2008 earnings:

"... the company said it made about 4 cents per gallon on petroleum-product sales in the most-recent quarter, down from 8 cents a gallon in the year-ago quarter. Those products include gasoline and diesel."

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I assume Exxon's statement of "4 cents/gal" is NET profit (after taxes).

Answer 3

It's profit per gallon is less than 12 cents.