From the post: “Something the local media is only giving minor coverage are the lines and the fights now starting to spring up at local gas stations. What do you expect when gas prices around the globe didn’t change despite the rise in the price of oil per barrel but the prices at Indiana gas stations jumped $0.30 the morning after the “Service Station Dealers Association of Indiana” said they must raise prices to remain profitable.
Let me put all this into perspective…
During the first quarter of 2008 the big oil corporation made record profits once again.
Chevron made $5.17 Billion profit
ConocoPhillips made $4.14 Billion profit
Shell Oil made $9.08 Billion profit
BP Oil made $7.62 Billion profit
That is $26,730,000,000
So these guys are so greedy that they can’t even share a tiny fraction of that with the small businesses that help distribute their overpriced, crappy products?
According to the National Petroleum Convenience Marketers, the total number of gas stations in the USA has been steadily declining over the last 10+ years and is currently around 168,000. That works out to roughly $159,107 profit from each station, in just the first three months, during which time unemployment, foreclosures, and other hardships have only increased for the average American.
Isn’t there some way these corporate gluttons could pass some of that profit back down the chain so the local stations could offer lower prices without going bankrupt? How about just being happy with what you have and not trying to destroy the lives of millions of other people through bankrupting them? Or do they WANT us to force a huge tax increase on them?
I love making money and buying things as much as the next guy, but I also understand that as I do better personally, it is my responsibility as a decent human being to help take care of those less fortunate. In some more socialist countries where the petroleum industry is a state controlled entity, prices are below $1/gallon! I’m not saying this is the answer for the USA, but there has to be a middle ground somewhere.
The stingy egocentric tendencies of modern corporations has gone too far. Capitalism can be a great thing as long as it is not done at the expense of all else, including the lives of others and your own soul.”
I went to get some petrol this morning and I payed 55 to fill the tank up… I was in shock! Two weeks ago I only payed 46 . Food prices have jumped almost 60 per cent in the past year. Nevertheless, farmers only receive the 25% of the money while we pay four times the price over the products. What are they, those who hold the power, pretending to do with us? Are we going to sit back and do nothing? Our mouths closed? Our eyes…? Ears???