[sammyg2]

Prices have been falling for well over a month now. They jumped up temporarily on a supply cut (brought on by political manipulation and gubmint interference with free market) but quickly rebounded.
The wholesale price fell back to normal in less than two weeks (big bad oil) but the independently owned or operated gas stations held the retail price elevated while they made a killing, and begrugingly lowered it a couple pennies a day just because they had to.

It's supply and demand, econ 101 at your community college.
At least it is until the moron-politicians start screwing with the markets artificially limiting supply and manipulating demand, then it gets a little screwy and starts experiencing more wild swings.



And if you really want to talk about "big oil's profits", we can do that.
Ready?

First off:
BP earned a profit margin of 4.75% last quarter on total sales of $371 billion (billion with a B)

Chevron earned a profit margin of 10.71% on sales of $224.64B, which was at or near record levels for them. A very good quarter indeed! It'll be way down next quarter, you can bet on that.

Connocophillips earned a profit margin of 4.53% on $229.57B in sales.

Exxonmobil earned a profit margin of 10.16% on $436.18B in sales, another very good quarter!

Shell oil company earned a profit margine of 5.69% on $464.68B in sales, a very good quarter for them when compared to past performance.

And just to put things in perspective, Apple reported a profit margin of 26.67% on $156.51B in sales, with almost all of their manufacturing exported to China and Singapore.

What did apple do with their profits? I don't see a ling to that article.

No, I don't see anyone asking uninformed questions or making accusations about apple.

in fact, when a hurricane makes people sit in line for a couple hours to buy big oil's products, people get pissy and the cops have to come to keep them from killing each other, even though that product is the most efficient most economical form of energy known to man.

it can take people places far away that they would never dream of going without fossil fuels, and it provides them with a freedom and standard of living they'd never reach without it.
It truly changes lives and makes people much, much more comfortable, healthier and happier, and allows them to lead much longer lives than they'd ever have without it.


But even in good weather people are more than happy to sit in line overnight to get a silly over-priced electronic gadget made by apple and they are happy to do it.
Reminds me of furbys and tickle-me elmos. That's allot more important that being about to go anywhere you want at high speeds for relatively low money!
but hey, being able to play angry bird while you're supposed to be paying attention at a meeting or send texts about the weather or waste time doing nothing is important too!


That is how screwed up people are nowadays.
They've been brainwashed for so long by the liberal media and the enviro-wackos that they automatically knee-jerk into a negative reaction any time an oil company's name is mentioned even though they won't invest more than a 5 second sound byte to learn anything about the subject.
They are perfectly happy in their ignorant and irrational complaining.

Some day, the brainwashing will make them do without.
They'll be cold, miserable starving slaves basically back to living in the dark ages. Then and only then, with they realize how much it has cost them.

While we're on the subject, how would you like it if big oil came out with a new version of gas and convinced you that you absolutely had to have it even though it was really, really espensive, and made you buy $500 worth of it.

Then they turned around and said SURPRISE! We came out with a newer version and that $500 worth of gas you just bought it now obsolete and nearly worthless and you have to buy another $500 worth of the new stuff!
Bet you'd love that, just like you do when apple does it with their products outsourced to third world countries.

Did I mention that most of the gas and diesel sold in the US is made in the US by US citizens and taxpayers?