What should be done?
Should the government force oil companies to sell a barrel of oil for less than what someone is willing to pay? It isn't like Shell and those set global oil prices. They build an extraction operation and start pulling up crude. Their costs are mostly fixed, so if the price per barrel of that crude goes up of course their profits will rise.
If you mean that refiners are screwing us all, why aren't the usual competitive pressures working? Why doesn't Marathon take the hit, charge less for their refined products than Shell, and steal the whole market? It would be easy and would better serve their greed over the long term. If you've ever driven by a station that is a dime cheaper, you cant even get in the parking lot. Marathon could use Standard Oil as a model.
Further, how much should a gallon of gas cost? Is $0.99 enough or too much? Explain how you would go about delivering that as a pump price.
Should the government force oil companies to sell a barrel of oil for less than what someone is willing to pay? It isn't like Shell and those set global oil prices. They build an extraction operation and start pulling up crude. Their costs are mostly fixed, so if the price per barrel of that crude goes up of course their profits will rise.
If you mean that refiners are screwing us all, why aren't the usual competitive pressures working? Why doesn't Marathon take the hit, charge less for their refined products than Shell, and steal the whole market? It would be easy and would better serve their greed over the long term. If you've ever driven by a station that is a dime cheaper, you cant even get in the parking lot. Marathon could use Standard Oil as a model.
Further, how much should a gallon of gas cost? Is $0.99 enough or too much? Explain how you would go about delivering that as a pump price.