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The price at the pump all boils down to the price of crude, which is rising like crazy thanks to (mostly) unchecked speculation. Stop the speculation, stop the crazy prices for crude, stop the crazy high price per gallon for fuel at the pump.
The reason that big oil is making record profits is because they work on a profit margin, which is a percentage. Anytime the price of something goes up, and a percentage of that price stays the same, the dollar value of that set percentage will go up.
After buying crude, paying for it to be refined, and then paying all the different federal and state taxes, the oil companies are seeing far less than $1.00 for each gallon of gas that is pumped. Without actually doing the math it's probably more like less than $.50 per gallon that they see.....
- Justin
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1999 Camry - Beigemobile DD
2002 Suburban - Wife's DD
2004 Grand Cherokee - Not running / Project / Selling?
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