04-27-2006, 05:32 PM
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#569
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Registered User
Join Date: Mar 2003
Location: Flyover land
Posts: 19,042
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Oh boy.
Quote:
Originally posted by Mmmm, Burger (C.J.)
they won't tell you. the way you could figure it is to see who has the most profits, and whether they're integrated cos. (i.e., have crude oil) or don't. ExxonMobil has the most crude of any company, so they're the most profitable.
yes, 2c at the pump. then there's the terminals guy, who earns a bit, and the pipeline earns a bit, and the refiner earns a bit. Only about 30% of the price of gas is determined by refiner and retailing costs and profits, the rest is taxes and crude oil. it's a very competitive industry. the reason prices are where they are relates to the high price of crude and the fact that demand for gasoline is highly inelastic, not because of a lack of competition.
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They seem to be telling us. What with it being that time of the year when 1Q earnings are released.
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I'm using lipstick again.
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