Gouging?
Is this gouging or just good business practice? Crude oil prices this year went up 40% to $65 a barrel while gasoline prices at the pump have doubled (100%) at around $3.00 per gallon.
So, who’s making all the money you may ask?
Well, don’t get mad at the gas station owner because his profit margin is too small.
Take a look at the oil industry profits last year. Exxon Mobil pulled in $25 billion dollars, BP at $17 billion, Chevron at $13 billion, Royal Dutch (Shell) at $11 billion, and the list goes on.
Again, this is profit. Well, you know how the saying goes, “If you can’t beat them, join them.” Maybe, it’s time to start looking at investment opportunities in the oil and gas industry.
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