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<blockquote data-quote="aplusmnt" data-source="post: 376485" data-attributes="member: 1399"><p>Why are gasoline prices so high?</p><p>THEY AREN'T.</p><p></p><p>Compared to 1981, inflation adjusted-prices today are 27 cents CHEAPER than the $3.11 all-time high (inflation-adjusted) gasoline cost in March 1981. SOURCE. For one example of a 1979-2005 inflation-adjusted and nominal price chart for gasoline</p><p></p><p><img src="http://i30.photobucket.com/albums/c301/HiddenCreekFarms/oil6a.gif" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p></p><p></p><p><strong>Oil company profits:</strong> A perspective</p><p>Earnings, Revenues, Profits (Billions) for selected companies, recent quarter, 2005</p><p></p><p>Source: Bloomberg News, reported in AAPG Explorer Dec. 2005</p><p> </p><p>Company Profit Margin</p><p> </p><p>Citigroup 33% </p><p>Microsoft 32% </p><p>Coca-Cola 21% </p><p>Procter & Gamble 14% </p><p>General Electric 11% </p><p>ExxonMobil 11% </p><p>ConocoPhillips 8% </p><p>IBM 7% </p><p>Chevron 7% </p><p>Wal-Mart 4% </p><p></p><p>Oil industry average profit margin is about 8.2%; (3rd Q. '05)</p><p>for all US industry, the average is about 6.8%.</p><p></p><p>Profits in the oil industry were easily outpaced by those of the</p><p>Pharmaceuticals, Banks, Household Products, Software, Telecommunications,</p><p>Semiconductors, Consumer Services, and Food, Beverage and Tobacco sectors.</p></blockquote><p></p>
[QUOTE="aplusmnt, post: 376485, member: 1399"] Why are gasoline prices so high? THEY AREN'T. Compared to 1981, inflation adjusted-prices today are 27 cents CHEAPER than the $3.11 all-time high (inflation-adjusted) gasoline cost in March 1981. SOURCE. For one example of a 1979-2005 inflation-adjusted and nominal price chart for gasoline [img]http://i30.photobucket.com/albums/c301/HiddenCreekFarms/oil6a.gif[/img] [b]Oil company profits:[/b] A perspective Earnings, Revenues, Profits (Billions) for selected companies, recent quarter, 2005 Source: Bloomberg News, reported in AAPG Explorer Dec. 2005 Company Profit Margin Citigroup 33% Microsoft 32% Coca-Cola 21% Procter & Gamble 14% General Electric 11% ExxonMobil 11% ConocoPhillips 8% IBM 7% Chevron 7% Wal-Mart 4% Oil industry average profit margin is about 8.2%; (3rd Q. '05) for all US industry, the average is about 6.8%. Profits in the oil industry were easily outpaced by those of the Pharmaceuticals, Banks, Household Products, Software, Telecommunications, Semiconductors, Consumer Services, and Food, Beverage and Tobacco sectors. [/QUOTE]
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