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BIG OIL AND LITTLE CONSUMERS
http://spydr1.typepad.com/ deliverance/ 2008/ 04/ deb-at-schmaltz.html
Deb at Schmaltz und Grieben mit Alois, Klaus, Deb und der Luger posted about one of my favorite subjects--profits of the big oil companies. There are excellent points in that post but there are also some things I want to comment on: Gasoline prices are indeed primarily based on supply and demand but oil company profits are a factor in price as well. This article does a nice job of breaking down who gets what. It says refiners get about twenty-four cents a gallon of three dollar a gallon gasoline. Ten percent profit margin for refiners like ExxonMobil would imply that they are getting 2.4 cents of pure profit on every gallon Exxon sells.
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