Pumping Up: Oil Companies Post Record Profits
Pumping Up: Oil Companies Post Record Profits
MOBILE, Ala., October 27 --Where is your money going at the pump? In Mobile, Triple "A" reports you are paying about $2.62 for a gallon of regular right now, $2-80 for mid-grade and $2-89 for premium. With gas prices this year higher than ever, why are oil companies reporting record profits?
Oil companies are boasting record profits. Third quarter profits at Exxon-Mobil jumped 75 percent to an industry record of more than 9 billion dollars. Shell Oil's numbers run a close second. Now, angry motorists want answers. Why aren't they seeing the prices drop at the pump?
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Topics: News, Gulf Coast, Mobile Alabama, Hurricane, Katrina Wilma, tropical storm, Rita, Bush, economy
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posted by Steven Moyer at 11:14 PM
1 Comments:
Yeah only in the USA. I was reading what worwi.com had to say about Exxon and other oil companies and this person had some interesting thoughts about going against the oil companies like everyone goes against tobacco.
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