New Hyundai MUSCLE CAR !!!!!!

Because the government isn't too bright collectively. I'm not saying
that smart people don't work for the government, but the collective
wisdom seems to be lacking.

Matt

 

Are you kidding me? The oil companies pump it out of the ground and sell
it on the futures market. There is actually very little profit in
selling the refined products. How do YOU think they make their money?

 

That's the gist of it, but the actual margins are considerably lower
than that, more along the lines of 10%.

 

I think you are pulling my leg. The gasoline futures price has not been
above $2.24/gal. Considering that I don't know a single gas station owner
making more than $0.01 on a gallon of regular (they don't make much more on
mid-grade or premium either), where does all the rest go? Some to
transportation, sure, but $0.75/gal.? I don't think so.

Before Katrina hit the "markup" between the futures price and the street
price averaged $0.30/gal. Since then it is $0.70-$0.80/gal. Gee, I wonder
where all the extra profit comes from.

Eric

 

You're way too kind Matt!

 

OIL FUTURES

 

NO, GREEDY OIL COMPANIES AND THEIR STOCKHOLDERS.

 

Come on Eric, Exxon-Mobil made 10% profit on billions they risked. I own
stock in E-M, and I'm by no means rich.