[BiggieJ]

HOLY SHIT! gas prices are ridiculous! :mad: 319 for premium and thats one of the lowest around ive seen. its funny how exxon/mobile took over walmart in profits this year and how like 5 out of the 10 largest corp. are gas companies. and theyre posting record profits and were just taking it bending over. WTF?!? :mad: :mad: :mad:
and its not even summer yet. cant wait to see the prices then...maybe 4 bucks a gallon? its like 50 bones to fill up the bimmer once. i cant imagine filling up an SUV nowadays. sorry for the rant. but damn it.

[ward]

meow

[Driv3r]

definatly right, but thats another benefit of leasing.......i see a yamaha yzf-r6 in my future!

[SteveMD]

Exxon reported net profits of 9.7% for 2005. In 2004 it was 8.7% and they were 127th out of the Fortune 500s for net profit margin. 9.7% is nothing to write home about.

Blame China, India, Venezuela, the EPA, and probably a handful of other reasons for current gasoline/oil prices.

[ScBlacksunshine]

Originally Posted by SteveMD

Exxon reported net profits of 9.7% for 2005. In 2004 it was 8.7% and they were 127th out of the Fortune 500s for net profit margin. 9.7% is nothing to write home about.

Blame China, India, Venezuela, the EPA, and probably a handful of other reasons for current gasoline/oil prices.

Very well said, on top of that big oil companies don't actually make much of the margin from Refining gasoline and gasoline production. The oil thing is only about to get worst. All about supply vs Demand, with China developing, oil consumption is higher then ever, and drilling for oil is getting harder and harder. Check out this article, it'll give you some insight into where gasoline/oil is heading

http://finance.yahoo.com/columnist/a...ichricher/3721