"Exxon Mobil profit fell by half in ’09; But company is still a US profit leader" by Chris Kahn, Associated Press | February 2, 2010
NEW YORK - Exxon Mobil’s earnings fell by more than half to $19.3 billion in 2009, the lowest total in seven years, as company refineries struggled with a plunge in global fuel consumption. But it remains the profit champion among US public companies....
--more--"Oh, yeah, that pump price depends on where you live:
"Gas prices lower but still vary widely" by Associated Press | February 2, 2010
NEW YORK - A two-week drop in oil prices is paying off for drivers in some parts of the country more than for others. Retail gasoline prices have fallen for 19 straight days, to a national average of $2.669 per gallon. State averages are 10 to 15 cents lower a gallon in many parts of the Midwest and South, and prices may be as low as $2.25 per gallon in some localities, said Tom Kloza of the Oil Price Information Service.
In Massachusetts, the average was $2.689 per gallon, AAA Southern New England said.
Different state tax rates are part of the reason for a wide range of prices. Wholesale prices also can vary considerably, with prices at $1.86 per gallon in Chicago and $2.01 in Los Angeles yesterday.
Midwest fuel prices tend to be cheap in winter because the weather usually leads to low demand, Kloza said. Prices are also held down by gasoline blends that have cheaper components during the winter. Higher gas inventories than last year, low-cost ethanol, and retailers operating either at thin or break-even margins also keep prices lower.
At the pump, a gallon of regular sold for $2.398 yesterday in Kansas City, Mo., but the price was $2.706 in Boston, according to AAA, Wright Express, and OPIS. Average retail prices in California, typically among the highest in the country, also have broken below $3 a gallon.
After falling 0.5 cents overnight, the national average was down 8.53 cents from the 15-month peak of $2.7543 a gallon reached on Jan. 14.
Prices have dropped 4 cents a gallon in the past week, but are still a penny above levels of a month ago.
So prices are REALLY RISING, huh? Pffft!
Prices are 80.2 cents higher than a year ago.
Despite DECLINING DEMAND -- which means YOUR DOLLAR is LOSING its PURCHASING POWER, America!!!
--more--"
Smells like MARKET MANIPULATIONS to me.
I'm sick of the s*** excuses and lies of business, folks.
"Supply hike weighs down crude prices" by Bloomberg News | February 4, 2010
NEW YORK - Crude oil fell yesterday after an Energy Department report showed a bigger-than-forecast increase in stockpiles as refineries idled units and imports climbed.
How com the lying government can't get anythi.... oh, yeah.
And yet prices are way higher than last year. WTF?
--more--"
You know the drill, America....
1. Pull up to pump
2. Get out of car
3. Drop pants
4. Insert gas pump into ass
