"Gross profit margins on gasoline at the nation's refineries reached $31.22 per barrel last week, the second-widest recorded profit margin in U.S. history, according to data from the New York Mercantile Exchange. The margins are up 57 percent since April 1 and have more than quadrupled since early January."
If you had read the whole article and not just the first paragraph you would find an interesting piece of information. The article from the Statesman says that as gas prices rise, the profits made per gallon of gasoline sold decreases.
Oil companies make their money from oil, not gas.
macallan25
05-12-2007 05:32 AM
Quote:
Originally Posted by Texas Beta
(Post 1445954)
If you had read the whole article and not just the first paragraph you would find an interesting piece of information. The article from the Statesman says that as gas prices rise, the profits made per gallon of gasoline sold decreases.
