Quote:
Originally Posted by SteveR
Another thing to think about; isn't it a coincidence that the oil companies are reporting record profits at the same time gas is selling for record highs?
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No doubt, but keep in mind back in the '90s when gas was under $1.00 the oil companies were still turning a profit. A lot of the price of gas that we pay at the pump are taxes. This is going back about a month or so, but I read somewhere that in NJ if you removed the tax, the price of gas would be around $2.00.