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General & Off-Topic
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Gas Pricing Petition
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<blockquote data-quote="Riley P" data-source="post: 1521" data-attributes="member: 2"><p>Good to see the petition as something can be done to get fair prices, not just cheap prices. Seems to me that there is always a reason that the refiners/marketers give for the cost at the pump. I was told it use to always correlate with the price of oil...but since oil has dropped to a quarter of it's peak value last summer, it has not dropped at the pumps accordingly. </p><p>Didn't someone say that Exxon posted profits in the Billions last quarter? Looks to be true:</p><p></p><p><a href="http://www.businessweek.com/bwdaily/dnflash/content/oct2008/db20081030_015426.htm?campaign_id=rss_daily" target="_blank">Exxon's Production Falls as Profits Soar - BusinessWeek</a></p><p></p><p><a href="http://www.iht.com/articles/2009/01/30/business/oil.4-419716.php" target="_blank">Despite sliding profits in 4th quarter, Exxon sets record for 2008 - International Herald Tribune</a></p><p></p><p>Those two links, kind of want to make me throw up. In one of the biggest economic slowdowns, some companies can still make record profit.</p><p></p><p>Does anyone actually know for fact what the price of fuel is based on and how they predict the price?</p></blockquote><p></p>
[QUOTE="Riley P, post: 1521, member: 2"] Good to see the petition as something can be done to get fair prices, not just cheap prices. Seems to me that there is always a reason that the refiners/marketers give for the cost at the pump. I was told it use to always correlate with the price of oil...but since oil has dropped to a quarter of it's peak value last summer, it has not dropped at the pumps accordingly. Didn't someone say that Exxon posted profits in the Billions last quarter? Looks to be true: [url=http://www.businessweek.com/bwdaily/dnflash/content/oct2008/db20081030_015426.htm?campaign_id=rss_daily]Exxon's Production Falls as Profits Soar - BusinessWeek[/url] [url=http://www.iht.com/articles/2009/01/30/business/oil.4-419716.php]Despite sliding profits in 4th quarter, Exxon sets record for 2008 - International Herald Tribune[/url] Those two links, kind of want to make me throw up. In one of the biggest economic slowdowns, some companies can still make record profit. Does anyone actually know for fact what the price of fuel is based on and how they predict the price? [/QUOTE]
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