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When did we start thinking that $2.50-$2.80 for a gallon of gas is a bargain??
"We expect to see prices flatten around where they are now," says Douglas MacIntyre, senior oil analyst for the federal Energy Information Administration, part of the DOE. "More refinery outages and higher crude prices could push it to $3, but we're not looking at $4. More likely the summer average will be $2.50 to $2.80."
Record profits for major oil companies...if the price of oil is going up why are the profits record breaking???
10 Answers
- Anonymous1 decade agoFavorite Answer
We started thinking 2.50 to 2.80 is a bargain when the price went over $3.
The profits are record breaking because they're raping the consumers. Of course they'll claim that their costs have gone up, but since when were oil companies good, upstanding members of society who tell the truth?
- wizjpLv 71 decade ago
Supply and demand. The more of an item you sell the more you will make. Profit margin can remain the same, even if you include the extra .50 you are paying for summer blend gas to help save the planet.
- Cuddly LezLv 61 decade ago
well now the National average is higher than the summer averages.
Here in North Carolina it is the national average price for gas. We are seeing $2.88 and $2.87 here.
I am not sure when it will go down or what will cause it to drop.
- 1 decade ago
i agree!! I'm spending about 50 dollars per visit to the pump! and that just regular unleaded gas
But the sad truth is that I love my car, and need it to get around
however i do have a motor scooter too ! in nice weather it's a cost saver
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- Anonymous1 decade ago
I remember when I was in highschool gas was 99 cent..and at the most 1.05..that was in 2001-2002
- Anonymous1 decade ago
I need gas for my truck..where
can I get it for only $2.50
I'm in California..it's $3.60
We are soooo getting ripped.
Guess I should look on the
bright side, my road milage
average, is lower now.
With these prices, I can't
afford to cross the street
- big_mustacheLv 61 decade ago
$2.50 to $2.80??? I just filled up this morning at $3.39. I will take $2.80 anyday, now.
- David BLv 61 decade ago
we're being "frog-boiled." if you throw a frog into boiling water itll jump right out, but if you put it in cool water then slowly turn up the heat.... frog soup.
- Anonymous1 decade ago
when god created global warming
- Anonymous1 decade ago
We didn't!