[IronJack]

I can see Mobil/Exxon's REVENUES going up due to the increasing price of oil. But if their profits are going up too, it simply means that more than just the extra price of oil is being passed onto the consumer.

DING! DING! DING! Give that man a cheroot!

You can hide a lot of gouging behind the "surge" in crude prices.

[Rodney King]

DING! DING! DING! Give that man a cheroot! You can hide a lot of gouging behind the "surge" in crude prices.

Exxon holds vast reserves of oil. When the price of oil goes up, they sell those reserves higher. Most of the increased profits comes from this, not from the gas stations. There is no gouging. Gasoline is an incredibly efficient marketplace.