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Wednesday, November 09, 2005

Ever hear the saying...

The Rich Get Richer...

It can certainly be directed towards those in the oil indutry these days...
Gasoline prices are nearly 20 percent higher than a year ago, though they have retreated in recent weeks. The industry's third-quarter profits jumped 62 percent to about $25.9 billion.
62% jump in profits! Can you say GOUGING... Something has to be done, and as soon as I figure out what...


2 Comments:

Blogger Jill said...

Unfortunately in a capitalistic society, we will continue to be gouged until the public decides against it. As long as we continue to buy gasoline we will have the problem. Most of us have no choice. Some can take trains,etc. But, just try to take away a truck from a Texan. Carpools? Try to find a plumber who care pools. We are screwed.

12:57 PM

 
Blogger Francis W. Porretto said...

Here's what has to be done:

NOTHING.

Supply and demand caused the price spikes, and supply and demand will smooth them out. Gas prices are already about $1.00 pergallon less than they were at the post-Katrina peak, and they'll fall still further before they settle.

10:00 PM

 

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