That is all true - and I suppose the oil companies could be selling much more gas than they have in the past (I'm still not convinced), but I am very suspicious of the timing of it all. Crude oil goes through the roof and the oil companies suddenly have their highest profits ever... it just doesn't pass the smell test. Certainly the supply and demand have an impact on the price of gas that is beyond the control of the oil companies, but I suspect that the oil companies are using this as cover for a little profiteering beyond that.
I would not argue that they don't have a right to make money - God bless them. But, I don't think they are completely without control over the price at the pumps. Heck, whenever there is move in the price of oil that hasn't even been shipped over here yet, the price of the gas that is still in the tanks at my local gas station jumps 15 cents! In my opinion that is pure profiteering.
Regardless... it is still beyond our control. All we can do is roll with it.
Best,
Robert A. Franco
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