Gas Prices: Who's To Blame?

Rooney: What does a gas station owner make on a gallon of gas?

Judge: Averages 6 to 10 cents a gallon.

Rooney: How many gallons do you sell on a good day?

Judge: A location like this, ah, we are only going to do about 22 - 23 hundred gallons.

Rooney: A day?

Judge: Yeah!

Rooney: 2,300 gallons at 10 cents, that's $230.

Judge: $230

Rooney: Do you make more when the price of gas goes up?

Judge: No, I make less. What happens is the price goes up and to stay competitive you have the tendency to actually hold and eat a lot of it.

Rooney: Now, who sets the price for a gallon of gas? Do you set it?

Judge: The dealer sets the price, the oil companies come in and say ‘Ah, this is what we would suggest you pump gas at.’ Gas companies and taxes on it, the government, they make more money than any dealer does. But there's no one out there -- Bush, Kerry -- no one who will take on an oil company.


http://www.cbsnews.com/stories/2004/04/15/60minutes/rooney/main611995.shtml

One in the same.... Both own Bush, and control our politics.

In Canada gas tends to run about 50% more expensive than the U.S.; in western Europe it's about double or triple the cost, retail.

other countries. Isn't the price what it is in other countries because of their governments taxes? The US hasn't increased any oil taxes. And the filling stations aren't making any more profit.

Remember all the confusion -- the how and why is this happening questions -- over the electricity shortage in California? And it turned out to be Enron and friends manipulating the market. The media and our elected representatives act so dumb about this -- and the research isn't that tough. Check the earnings statements of the oil producers, the refineries, the gas station chains. See where the bump up in prices occurs and what explanations are offered.

As always, follow the money.