Despite recent increases, gas prices ...

Despite recent increases, gas prices well below last year

There are 3 comments on the El Paso Times story from Feb 13, 2009, titled Despite recent increases, gas prices well below last year. In it, El Paso Times reports that:

Gasoline prices across the country and in the Borderland continue to inch up to the $2 mark, and in some places, surpass that barrier, even with the price of crude oil well below $40 a barrel.

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curious

El Paso, TX

#1 Feb 13, 2009
The rapists continue their assault!
Michael W Botello

El Paso, TX

#2 Feb 13, 2009
The people of El Paso and America are being raped by the Oil Companies, including Western Refining! It is outrageous that gasoline, for that matter all petroleum product, prices are so high.

WAKE UP!

Last summer gasoline was at $4 a gallon and a barrel of oil was $147. Now a barrel of oil is $36 a barrel (25% of $147) and the people are being charged 50% less?

Either the people of El Paso are too stupid to see what is happening to them or they just do not care that every time they pump gas into their cars, they are giving $5 to $25 extra dollars to Circle K, Chevron, EXXON/Mobile, Shell, Shamrock, or any other gas station where they pump gas.

What is worse, the commercial truckers who use diesel to power their tractor trailers are being gouged more than we are with even higher prices for fuel, since it costs the refiners less to produce diesel than it does to produce gasoline. By charging the truckers more for diesel, it costs the people of El Paso more money for every product we buy and every item we eat, since the truckers must pass along the increase in fuel cost to stay in business.

These petroleum companies are making record profits at your expense while you cannot pay your electric bill, buy groceries, pay your rent or struggle to pay for gas for your car to get back and forth to work.

WAKE UP, El Paso!

WAKE UP!

Michael W. Botello
GoTroop

El Paso, TX

#3 Feb 13, 2009
Calm down. The profit margins for oil companies are not out of line with many other businesses. It's the huge volumes of gasoline we use that pump their profits so high. Independent refiners like Western Refining don't benefit at all from high crude oil prices because they don't pump it out of the ground. Western has to pay whatever the going price is for crude. In fact, when crude was so high for much of 2008, Western reported losses.
And whatever the price, about 20 cents per gallon in Texas is going to taxes. Adjusted for inflation, prices now are much lower than 20 years ago. But, by Mike's logic, the oil companies were gouging us then, too.

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