Bakersfield.com

Navigation

Support

Report Violation

Are you sure you want to report the following content as a violation?
  THE CONSERVATIVE REVIEW May 16, 2008  Gas Prices and the Blame Game By Ed Feulner With fill-ups routinely costing $60 or more, cost- conscious drivers naturally look for someone to blame. And just as naturally, politicians are happy to blame others. Enter "Big Oil," the demagogues' favorite villain. Gas prices soaring? It's because oil companies want "excess profits," as Barack Obama puts it. Right? Wrong. The truth is more complicated. Let's look to California, driving capital of the world. Officials there watch gas prices carefully. During March and April, a state analysis found that "distribution costs, marketing costs and profits" made up about 10 cents of the cost of a gallon of gasoline, which ranged from $3.46 to $3.89. Notice that that dime is less than 3 percent of the total retail cost, and profits account for only part of it. So those "excess profits" are actually well...
Please check the following violations, and include anything else in the comment box.
Offensive language
Threats
Inappropriate Content
Copyright violation
Other

Comment
Email
Captcha



To protect users from spam, please enter the text from the image above.

Log In

No account yet? Register now for free.

Forgot password?


Spotlight

Cool new People



Find More People



Meet People Who Like ...

View Them All | Add Yours!


Advertisement: