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Old 05-12-2009, 07:07 AM   #19
HardcoreZ28
 
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Join Date: Aug 2004
Location: Hillsborough, NJ
Posts: 2,630
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Gas prices shoot up right before a major holiday for a reason.....increased demand which puts stress on supply. All the oil companies are bidding on the same supply pool and if they expect extra demand they end up having to pay higher prices to win the contracts for the increased supply.

I used to hate the oil business too and now that I work in it and have a much better understanding there's a lot more to the picture.

Just an FYI.....the average profit on 1 gallon of gasoline for my company hovers right around $0.03 and we're a major player on the east coast. So out of that 2 plus dollars the company is making 3 cents.
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