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