http://news.iwon.com/home/news/news_articl...reuters,00.html

 

It's a conspiracy...Gas price seems to increase tremendously before summer...

 

That is because they try to curb demand before it hits, or so they say. The major problem is OPEC which controls the price of oil.

Lance

 

All of this gas stuff is BS. They screw with the demand to increase their profits. The Oil companies are making more money than ever. They might say prices are increasing because the resources are more expensive, but what they are really trying to say is prices are increasing because they are making more money. Here's an article from ccn:

NEW YORK (CNNfn) - Exxon Mobil Corp.'s first-quarter profit jumped from a year earlier Monday, beating forecasts on Wall Street, although it slipped from the record posted in the fourth quarter.

The world's largest oil company, one of 30 stocks in the Dow Jones industrial average, earned $5.05 billion, or $1.44 a diluted share, excluding special items related to its merger. A year ago, Exxon reported earnings of $3.35 billion, or 95 cents a share. Analysts surveyed by earnings tracker First Call were looking for the company to earn $1.35 a share, according to earnings tracker First Call.

"It was a very strong quarter," ABN Amro Analyst Gene Nowak told Reuters news service Monday. "Refining is clearly a plus in this quarter. The balance of Exxon Mobil really came to the fore."

Separately, Conoco Inc. (COC.A: up $0.52 to $28.47, Research, Estimates), the No. 4 U.S. oil company, said first-quarter earnings rose sharply on the back of strong oil prices and better profit margins on fuels such as gasoline. The Houston-based oil company said it earned $616 million, or 97 cents a share, up from $391 million, or 62 cents a share, a year earlier. Wall Street forecasts were for 92 cents a share.

Here's the link to the complete article:
http://cnnfn.cnn.com/2001/04/23/companies/...exxon/index.htm

-boka

 

Tell me about it. It's getting down right expensive to drive my Melissa. I may have to slum and drive Jessica for a while.

 

I've always wondered what the name of your wife's car is???

 

I never posted it in the sig. She named it Luis after the tejano singer Luis Miguel. The beater truck still has no name. Kinda like the song by America. "Horse With No Name"

 

Heh, that's the name of my girlfriend's stuffed horse. "Horse with no name." Seriously. But shhh, don't tell her I told you. hehehe

I can't believe this gas crap either. I sound like an old man, but I remember when it was below $1.00/gal. I actually put 87 octane in my Impreza today. I usually put 89 in there, but... jeez.... The prices...

 

Ok I'll date myself. I remember $.25 / gallon and $.25 pack of cigs. Those days you could cruise Main St. all day for couple of bucks and gas mileage...who cares. When my dad told me some day gas would cost over a buck a gallon I though he was ready for the home.