Originally Posted by Saggysack
At this point, nobody in the general public cares about that little stat you like to bring out. If you can't understand that the petroleum industry and their rising price has more negative effect on the economy than any other industry out there, I can't help you. Nobody can.
The price of gas goes up, everything goes up.
Some things are more important than profit margins and 400 million retirement packages.
I only mention their profit margin when someone brings up oil company profits. It's just a fact. Sure, when they make a profit, it's huge because of the size of the market (you and me and everyone else that buys gasoline). But, there are plenty of other industries out there that make vastly higher PM.
I realize that high gasoline prices have an effect on most prices, thanks. Should the oil companies be selling gasoline below cost?