Ripped off at the pump ?

[goliath1812]

I honestly don't think anything will drop the prices of gas to what I think they should be. The oil companies are raking in billions, the government wants all the taxes they can get...it seems like nothing is going to stop it. Even if we as a country came together to lessen the demand of gas, I'm confident the government will raise the fuel taxes to make up for lost comsumption. Either way, that means higher prices. Oil companies are never satisfied with record breaking profits year after year, they always want more and more. I'm waiting for the day that brings us an EV with a quick charge option AND an extended driving time per charge. Even then, the cost of electricity will just raise. I'm not sure that day will be any time in the near future anyway.

[nookandcrannycar]

Originally Posted by goliath1812

I honestly don't think anything will drop the prices of gas to what I think they should be. The oil companies are raking in billions, the government wants all the taxes they can get...it seems like nothing is going to stop it. Even if we as a country came together to lessen the demand of gas, I'm confident the government will raise the fuel taxes to make up for lost comsumption. Either way, that means higher prices. Oil companies are never satisfied with record breaking profits year after year, they always want more and more. I'm waiting for the day that brings us an EV with a quick charge option AND an extended driving time per charge. Even then, the cost of electricity will just raise. I'm not sure that day will be any time in the near future anyway.

Oil companies might be making record profits in total dollar amount, but their profit margin isn't outrageous (only 7-11 percent),,,Apple's profit margin is over 30 percent---Why aren't people outraged about that?

I don't think either is outrageous, I'm just playing devil's advocate. People aren't outraged re Apple because it is cool and it is a want. People need gas and they don't like when they are paying more than they think is right for it. Gas prices are also subject to the price of oil in the commodities markets. Oil companies have a hand in this arena, but aren't the only players.