On Wed, 17 Aug 2005, Ben Ruset wrote:

It's funny, though, that the gas companies are posting record profits. So I really wonder how much of this is an increase in oil price, and how much is just an excuse to charge more for gasoline.

I look at it this way, assuming that a gas company wants to make 5% profit on every gallon of gas, it's in thier interest to have thier costs go up 5% because then thier profit goes up too.

Instead of making 5cents on gas that costs them $1.00 to make they make 6 cents profit on gas that cost them $1.05 to make (Or similar, you get my point =)


Also, the gas we have now was made with oil that cost $50/barrel instead of oil that cost $65/barrel, yet we're being charged the $65/barrel price!


Christopher Fisk
--
I WILL NOT DO MATH IN CLASS
I WILL NOT DO MATH IN CLASS
        Lisa Simpson on chalkboard in episode BABF07

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