It's a new record

[scaeagles]

Originally Posted by LSPoorEeyorick

How is this effin' legal?

I just can't get upset at oil companies making a profit of about 9 cents/gallon of gas. That's not unreasonable. It's the sheer volume of the industry that produces the profits (Americans burn around 383 million gallons/day - or so it was in March 2005).

I hope they do not go with windfall profits taxes....a ridiculous and counterproductive thing to do. I was going to go into an explanation, but I'll defer to an economist who can explain it much better than I can.

Windfall Profits and the Price of Gas