http://www.theolympian.com/2012/01/10/1943220/gregoire-offers-new-36b-transportation.html

Gov. Chris Gregoire is beginning her state-of-the-state speech to a full state House and Senate audience this morning. The full prepared text is here, and it restates her call for the Legislature to send voters a tax referendum that raises the sales tax by a half-penny per dollar purchase to pay for schools and health care programs.


But the big news item is the 10-year transportation plan valued at $3.5 billion that she says will create 5,500 jobs a year. She would accomplish it with fees, specifically a $1.50 per barrel fee on oil produced in Washington.
"In addition to small fee increases, I will ask the Legislature to pass a modest $1.50 fee on every barrel of oil produced in Washington. Our oil companies are getting all the profit and leaving us with the bill. We can do better," Gregoire says in the speech.

Read more here: http://www.theolympian.com/2012/01/10/19...l#storylink=cpy

The oil companies will increase their prices to compensate for the increased tax on oil, passing the cost onto us. they will maintain the same margins, and their profits won't be affected.

The next issue is does she mean oil "produced" or oil "refined" in Washington? The WA DNR says that last oil production in Washington ceased in 1962. (Only source I found, so I may be incorrect, but the US DOE doesn't list Washington as an oil producing state)

If it is "oil refined", Cherry Point alone will send $125 million per year to the state, or there about, and then there are the other refineries around the state.