[Ansteorra] Gas prices
David J. Hughes
davidjhughes.tx at netzero.com
Fri Sep 12 13:47:04 PDT 2008
Owen Van Meter wrote:
> Profit margin may be only .10 cents a gallon but when a CEO from a company comes out and say's that they made millions in profit - That's alot of .10 cents a gallon especially when others are looking for what evr reason to go up
> Just a thought
> Ansteorra mailing list
> Ansteorra at lists.ansteorra.org
The major energy companies have virtually no control over the price of
gas at the pump.
Yes, ExxonMobil made huge profits, primarily because they are one of the
largest corporations in the world.
They made a hundred billion in profits on trillions of dollars in sales.
The actual profit margins/return on investment for ExxonMobil is
pitifully low, less than 10%.
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