Quote:
Originally Posted by unkbd
I've read multiple sources that the profit margin on gas at the pumps is little to negative
Sorry to chime in late, but if this is true where are the profits that the oil companies have been claiming coming from? Quarterly profits are at record highs (30 to 40 Billion). I can understand the station owners not making much on a per gallon basis, but the oil company profits are outrageous.
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Oil company profits are based on oil sales and their net is around 10% which is far from gouging. The difference is that 10% of billions and billions is billions, get it. Big oil only controls about 6% to 9% of all of the worlds oil, know who really is controlling this mess. OPEC, Venezuela, Russia, Mexico, Canada and now Brazil. Why are all these other countries out there looking for energy while we bury our heads in the sand?
We need gas for our Camaro SS and we need it now!