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Originally Posted by liquidlight
...according to the latest Forbes 500 the Oil companies are posting record profits with unheard of revenues. Price per barrel is up to record highs as well, but the correlation to end gallon price versus the increase in barrel price is inconsistant...
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Factoid for you: the oil refiners are the only people in that pipeline that are making money (oh, and maybe the extractors as well). The distribution system, meaning the bulk petroleum terminals and the gas stations, are being squeezed as well, because it is harder for them to pass along the $ increases as the prices go up. They make their money when the prices drop, because they can get away with a delay on dropping the prices that they charge.