Oil industry has to repay shareholders who lost their butts during Covid. The corporate boards are in charge. Exxon Mobile just listed RECORD profits.
Profits are projected as a percentage in a lot of cases. 10% of $1000 is $100. 10% of $10,000 is $1000. If the cost goes up so does profit, especially on fuel since when the cost of fuel rises, almost nobody changes their driving habits, thus people are still using roughly the same amount of fuel. On that note, people griping about the cost, yet I see few changes in driving habits. The streets are still very busy just before school, right before school lets out, then again from 1630 until 1800 (end of most folks' work day). Then from 1630 until 2000, the grocery store parking lot is totally packed. Daily. Sunday afternoons are just as bad. No wonder oil companies are raking in the dollars. Secondly, demand doesn't seem to have dropped any but apparently supply is down. So there you go.Just like after Katrina. "We lost rigs so supply is down while demand increases" All while quarter after quarter of "record profits" give me a break.
They are still driving 80 MPH on a 55 MPH speed limit highway near me. Obeying the law and driving a reasonable speed in not a consideration.On that note, people griping about the cost, yet I see few changes in driving habits.
"WE" can reduce the cost of fuel by changing our driving habits! But we won't because it's inconvenient (we, used collectively, I know there are a few exceptions).
Around here theives have been stealing fuel tanks and all.Thieves cut the fuel line under our church van and drained all of the gas out, so I suppose that their gas was free.
I hate a thief !!
Need something like that with a water trap and 2 micron filter.