Originally Posted by genefitz
During the senate hearings, it was noted
"I would understand the higher fuel prices, if your profit margin was the same, but I see it as no coincidence that now, with the gas prices at an all time high, you are reporting over $140,000,000,000 in profit. And you say that you are not gouging?"
The price of oil goes up, the price of fuel goes up. Basic mathematics, I suppose, but the price of oil goes up, the profit for the oil companies reaches records, and the price of fuel triples. They are taking us to the cleaners. And they will continue to do so no matter how much, or how little we buy. If we are willing to pay the price, they are more than happy to set the price high.