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Politics : Don't Blame Me, I Voted For Kerry
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To: Dan B. who wrote (76129)5/9/2006 11:43:08 AM
From: ChinuSFORead Replies (2) of 81568
 
What is the basis for your belief that the oil companies are not gouging. when id price of crude kept rising by the day, the prices at the pump kept rising by 3 to 5 cents a gallon every day. But now the price of crude has been falling for the past 4 or 5 days and I do not see a proportional fall in prices at the pump. YOu probably have a reason as to why this happens, quick on the rise of the prices but very very slow for it to go down.

Furthermore, companies like Exxon have made millions in profits when they bought crude at $50 a barrel but by the time they refined and brought that barrel to the pump they were selling it as if they bought the barrel at $70 each. That $70 a barrel was bought by China and India, not Exxon, would you agree?
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