ORIGINAL: lee172
i recently saw a news article on how much profit BP (British Petroleum) were making a second, it was crazy!! i'm not saying its cheap for them to drill/supply us with petrol/diesel, but they are not just 'getting by'..
The profit you saw must have included all their other activities. They dont only sell petroleum, 80% of their profit must have been from crude oil sales and cut-backs.
AND
Most of the gas stations hedge the rate, so there is no differience for them. You really think they raise the prices because its becoming expensive for them.?
ALL of them hedge it, and save AT LEAST 60%. Gas Stations are kind of to blame for the prices going up, not the companies * Oil Companies *, they could literillay care less, because they do get a set income every month, year, decade, from a certial gas station. And MOST of the time it IS in a loss due to rising costs. Its a long story to tell, Ill explain later, Ive just woken up.!
