Quote Originally Posted by R3RUN
So instead of taxing them more we should just keep giving them tax cuts because they can single handedly **** us over? Sorry I have a problem with that. How about we start locking up the assholes that are making billions of dollars a year while taking advantage of American citizens. We can start with the guys at Exxon/Mobil. They made what, 93 billion in one quarter after Katrina? I'm sorry but thats the definition of price gouging and all of them belong in jail.
So you are saying that making more money than the next guy should be illegal? That is a great way to keep businesses in America. That means Warren Buffet, Bill Gates and hundreds of others should be locked up.

I'll try this again for the uneducated.

Gas prices are NOT set by the oil companies. Gas prices are a combination of supply and demand, crude oil futures prices, local and federal taxes, gas station profits, and oil company profits.

Supply has gone up at a slow steady pace for the since 2000. Demand has gone up at a MUCH greater rate with the increased use by China, India and the US.

Crude oil futures prices have gone up with no ceiling in site, the oil companies dont have any say in what the futures traders are selling/buying at.

Local and federal taxes account for nearly a dollar a gallon in GA where the state and county work on a percentage base for their tax cut. This is the reason that gas in GA has gone up more than most other places have. I read that there were only like 5 states that used that model.

Gas stations make very little per gallon of gas they sell. I heard it was only about 1-3 cents a gallon depending on where you are.

Oil company profits ahve gone up dramaticly since gas prices started going up. That happens when prices go up and you make a percentage as profit. I believe that average profit per gallon is in the range of 8-10 cents.

Anyone thinks govt can step in and fix this I have a simple challenge for you. Name 1 program that the US govt have conceived and carried out sucessfully. Thats all I ask, just 1 single program.