Profits its not the Station owners its the greedy Gas Companies trying to make massive profits from us because the CEO is paid a percentage of the profit gains.
For every $1.00 USD a barrel it directly affects the pump price by $0.01 cents a litre. So a fall of $44 USD should have seen a fall of $0.44 cents per litre, so if you were paying $4.35 at $145 a barrel it should only be $2.59 now because a US gallon is equivalent to 4 litres. In other words they are overcharging you $1.66 a US gallon.
No wonder the economy and everyone is being affected.
Gas and Oil prices this year?
Yeap. I don't know how they won that lawsuit about price gouging. It's unbelievable!
Also, congress had to vote for off-shore drilling here (the day everyone freaked out about gas going up.) I'm worried that it was approved since the price just dropped down.
if oil was free they still would charge Over $4 a gallon Only then they would claim to do research with the money.
its gouging.. pure and simple.
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