It's a new record

[Moonliner]

Originally Posted by scaeagles

If there are gougers out there in terms of gasoline, it would be the government, taking in taxes that are about four times the amount of profit the oil companies make per gallon. (I'm sure this will open the same can of worms it always does.)

Exxon made more than $10 Billion in a single quarter when many people are truly suffering financially in order to keep their vehicles running. Are they gougers? Yes. Who sets the price for a gallon of gas? The only answer you can ever get to that question is vague techno babble about this and that but the truth is, if you are Exxon and you control the source, the processing and the sale you can set whatever price you want and thats what they are doing. They are trying to make the most profit they can and using every excuse to do it. I just hope all of this greed is enough to finally convince people that it's time to bag oil and move on to better energy sources.

[scaeagles]

Originally Posted by Moonliner

They are trying to make the most profit they can and using every excuse to do it. I just hope all of this greed is enough to finally convince people that it's time to bag oil and move on to better energy sources.

Profit is not the problem.

I'm all for alternative energy sources.

When the alternative energy sources become more profitable, they will begin to move to the forefront. I previously mentioned I can't buy E85 for my truck (comparable in price to gasoline, or so I've heard) because it isn't sold within 100 miles of me. Why? Infrastructure is too expensive to make it profitable in Phoenix at a price I'm willing to pay.

And price gouging? I will again defer to my favorite economist.

Price gouging and gasoline