Where does all the money go when gas hits an all time high record of $115 per barrell?

In the pockets of the oil cartel and the oil companies..the oil companies didn't get those enormous profits any other way..it is on our back..their hands are always in our pockets. The gas station owners are told what prices they must charge by the big oil companies..that's why you see gas stations belly up from time to time...they go out of business beause their companies demand higher and higher profits! :(

Much of it goes into the bank accounts of the Saudis, who then turn around and spend billions buying weapons, tanks, etc. from defense contractors in the US.

I always thought it went to funding the 'war'

Doesn't it go for the costs of extracting the natural resource? All I know for sure is that the price margin could have gone up even half a year ago, but our economy doesn't see it at the pumps for, well like I said about half a year. According to a Professor of mine, we ain't seen nothing yet.

The oil companies have been making record profits even with the increased price of crude oil. The Arab owners of the wells are surely getting increased profits. The US middleman is getting more and more profits (those who sell to independent stations). The share holders are getting increased profits.
Who pays = the "little people" who actually need to use the fuel to get to work and need to buy products shipped into their area. They are paying the full price!

Places like this: http://www.flickr.com/photos/lizating/911340835/

This is the Emerate's Palace Hotel. A 6-star hotel in Dubai. It is owned and operated by the Jumeirah International Group. They are part of Dubai Holdings. Sheikh Mohammed bin Rashid Al Maktoum as the Ruler of Dubai holds 99.67% of the company. HE is the vice-president of the United Arab Emirates.

President Bush`s Credit card

It goes into the speculators pockets!

These two guys pockets.

very good question, I imagine it goes into the coffers of the ones at the top of the ownership pile, making them even richer again !!

I THINK THE MONEY GOES TO THE RICH AND IT'S GOING TO GET WORST BECAUSE SOMEBODY IS TOO GREEDY AND WANT IT ALL .

Oil Execs Asked to Justify Huge Profits at Congressional Hearing.
The executives of the five biggest oil companies—Exxon Mobil, Royal Dutch Shell, BP, ConocoPhilips and Chevron—were called to testify at a congressional hearing on Tuesday. Lawmakers took them to task for making enormous profits but investing next to nothing in renewable sources of energy.
.... They were also called to justify why they got $18 billion in tax breaks last year.... when their profits had hit $123 billion and oil prices had reached runaway highs.
WTF!
source: http://www.democracynow.org/2008/4/2/oil_execs_asked_to_justify_huge