| DraconianAC said: If that profit of .09 cents indicates the profit of the gas station then I believe it to be correct. I; however, have a very hard time believing that the refineries get that low of porfit margine. I'm not even going to mention the petrolium corporations that sell the barrels at the world market price--to the highest bidder. |
Refiners operate at very low margins, and often times at losses.
What's wrong with selling to the highest bidder? And that doesn't neccessarily mean profits are high, you need to take into account costs. Have costs for drilling gone up or down over the years?
(None of this changes the fact that gas prices HAVEN'T CHANGED AT ALL, compared to their long-term average. It's just that the dollars you buy the gas with have gone to shit. Buy gas with another commodity, like precious metals, or a currency like the Swiss Franc, and the prices haven't changed at all since... well, forever).
