Gas Prices...

https://www.reuters.com/business/energy/bp-smashes-forecasts-with-82-billion-profit-2022-11-01/

This time last year oil was at $89 it did spike in spring after the war started to $116 in May. That's not quite double. That is not even up 50%.

Oil is around $88 right now.

Oil companies are reporting doubling of profits.

And people think politicians are to blame for their pain at the pumps. 🤔

But yes, let's keep up the red team vs. blue team infighting while these corporations continue to bilk people for all they can.

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Ynotisay · M

I read earlier that BP posted quarterly PROFITS of over $8 Billion.
And yeah. Blame Biden.
Katie Porter made some noise in a hearing last week where she pulled charts showing how corporations are making a killing with the prices rising. But the mindless have been systematically brainwashed to never look at the real culprits. They continue to fight against what's in their own best interest. I'll never, ever understand how that happens.

sunsporter1649 · 70-79, M

Exxon Quarterly Income Taxes

(Millions of US $)

2022-09-30 $5,224
2022-06-30 $6,359
2022-03-31 $2,806
2021-12-31 $2,650
2021-09-30 $2,664
2021-06-30 $1,526
2021-03-31 $796
2020-12-31 $-6,010
2020-09-30 $337
2020-06-30 $-471
2020-03-31 $512
2019-12-31 $684
2019-09-30 $1,474
2019-06-30 $1,241
2019-03-31 $1,883
2018-12-31 $1,915
2018-09-30 $2,634

Whatcha do with all of ExxonMobil taxes paid?

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sunsporter1649 · 70-79, M

@ViciDraco You telling me the oil companies did not pay any taxes on the product they created and sold?

ViciDraco · 36-40, M

@sunsporter1649 I'm telling you it's irrelevant to the topic of the post.

sunsporter1649 · 70-79, M

@ViciDraco bullschiff

deadgerbil · 26-30

Exactly. They rake in record profits while the average person is stuck paying more. If these big oil companies developed a humanitarian bone in their bodies, they would absorb some of the prices, but they'd rather use any excuse in the book to gouge people.

windinhishair · 61-69, M

Gas prices are always quick to go up with an increase in the oil price, and exceedingly slow to come down when oil prices decrease. The oil companies profit on both ends, and always have.

Roundandroundwego · 61-69

Stop driving and make efficient, safe transit available to everyone. It's a national thing -. Like government. "... Murka not do! Murka kill, Murka die ....brains..."