[lewislynn]

A$%hole! When the price goes up 60 cents in 75 days and you make the thired highest profit of all-time,

But wait. Those high prices by OPEC are higher costs to the oil companies, they pass those costs on to you in higher prices not increased profits...See, in "econ 101" higher prices doesn't equate to increased profits.

BTW, you might not have noticed but, in the universities, everything except the exact science of economics is taught by liberals...< /sarcasm >

[chuckwalla]

OPEC raised prices two days ago.
Price here in ca went up 60 cents in about a month over a month ago well before buying any higher priced oil.

[breakem]

real people don't adjust pruices for inflation and remember the bad old days of the 70s. Real people remeber 75 days ago when the price was 75 cents less. Read a couple of the comments here about what has happened to some real people.

You need to get your noses out of the text books. In a real market with real competition, the companies would eat some of the increased costs and lower profit so that their competitiors don't take their customers. In a real market their wouldn't be international cabals, limited produtcion capability, and monopoly conditions on product. Go back to your ivory towers and pretend everything is just natural the way the book intended.