Reply With QuoteSaw a few that were real close to $3.00 a gallon here in Santa Clarita
Today I saw at a couple of gas stations with prices over $3. How high do you think it will get for labor day?
Today I saw at a couple of gas stations with prices over $3. How high do you think it will get for labor day?
Saw a few that were real close to $3.00 a gallon here in Santa Clarita
Today I saw at a couple of gas stations with prices over $3. How high do you think it will get for labor day?
One station in San Dimas has Diesel at $3.21 pg.
Perfect, my new F350 PS will be here just in time for Labor Day. :umm:
D is 3.09 in San Diego now.
$2.99 Chevron in Bakersfield--
$3.03+ here in Temecula :frown:
Record Oil Company Profits Underscore Market Consolidation
Top Five Oil Companies Control Most of Domestic Oil market; Consumers Suffer
Public Citizen
June 7th, 2001
WASHINGTON, DC, May 31, 2001 -- Oil companies are collecting record profits while consumers get drilled at the gas pumps, underscoring the iron grip the companies have over virtually every aspect of the oil market, a Public Citizen analysis shows.
In the first three months of this year, profits for the five largest oil companies operating in the U.S. rose nearly 40 percent over the same period last year, data show. The companies are involved in all facets of the industry, from exploration, production and refining to distribution and retail sales.
In the wake of recent oil company mergers, the five companies -- Exxon-Mobil, Chevron-Texaco, BP Amoco-Arco, Phillips-Tosco and Marathon -- control more than two-fifths of domestic production, nearly half of the domestic refining and more than three-fifths of the domestic retail market. These top five oil companies are so big that they produce more oil than Saudi Arabia, Kuwait, and Yemen combined. A copy of Public Citizen's report "No Competition: Oil Industry Mergers Provide Higher Profits, Leave Consumers With Fewer Choices" is available at: http://www.citizen.org/cmep/restruct...eport53001.pdf
"Consumers are getting hosed when they go to the gas pumps this summer because a handful of corporations control our oil and gas market," Public Citizen President Joan Claybrook said. "There is no petroleum crisis, so opening up wilderness areas to oil drilling, as the Bush-Cheney energy plan envisions, will do nothing to help consumers. What we are seeing is the predictable result of a monopoly market. It allows the oil companies to artificially control prices."
For now, energy companies are enjoying windfall profits. ExxonMobil today reported second-quarter earnings of more than $7.5 billion, a 32% gain. Wednesday, ConocoPhillips reported a 51% spike in second-quarter profit to $3.1 billion; Kerr-McGee's earnings more than tripled to $371 million; Amerada Hess' profits rose 3.8% to $299 million. (Related: ExxonMobil profit up on oil prices)
For now, energy companies are enjoying windfall profits. ExxonMobil today reported second-quarter earnings of more than $7.5 billion, a 32% gain. Wednesday, ConocoPhillips reported a 51% spike in second-quarter profit to $3.1 billion; Kerr-McGee's earnings more than tripled to $371 million; Amerada Hess' profits rose 3.8% to $299 million. (Related: ExxonMobil profit up on oil prices)
Thank god, I thought they were starving.......
MOTHER-FOCKERS :hammer2: :hammerhea
$3.15 for diesel in Orange City today :devil:
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