crownjules
Diamond Member
- Jul 7, 2005
- 4,858
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Originally posted by: Xavier434
I realize that by selling the same amount of gas at $6 per gallon as they do for $4 per gallon they end up making more profit.
Oil companies do not make money over the fluctuation of the price per barrel of oil. That is in fact a COST of their business as they have to buy those drums of oil from the source - Middle East, Venezuela, Canada, etc. Those are the places that profit from the increase in price of a barrel of oil. Very little of our domestic oil companies' product is "homegrown" nowadays.