Record gas prices ‘ridiculous’
According to Gyalord Herald Times:
GAYLORD — Consumers who faced elevated gas prices at the pump this week are angry and frustrated with big oil companies who they say are making record profits.
“It’s absolutely ridiculous,” said Rebecca Veenstra of Mancelona at the gas pumps at Forward Shell on Old South 27 Tuesday where regular unleaded was selling for $3.49 a gallon.
“Look at the wages compared to gas prices,” she added. “Most people drive at least 15 miles to work and have to work a half hour to pay for their gas.”
Veenstra, filling up a rental car, was returning from a trip to Seattle where gas cost $3.59 per gallon.
“It’s crazy — blew my mind,” Veenstra said, “you hear they’re making record profits.”
Marty Holtzmon of Dayton, Ohio agreed.
“It’s sad,” said Holtzman. “They’re reporting record quarter profits last quarter.”
According to the Energy Information Administration Web site, www.eia.doe.gov, the retail gas price per gallon is up 8.3 cents from this week last year.
According to the Exxon Mobile Corp. Web site, www.exxonmobile.com, the corporation reported first quarter net income of $9.28 million, up 10 percent from the 2006 first quarter profits of $8.4 million.
These profits leave a sour taste in the mouths of many consumers.
“I feel like we’re being taken advantage of,” said Gaylord resident Tom Moore.
- When are the consumer really going to understand? How does Enron Company goes down in flames..? The profit reports doesn't alway necessary means they are making absolute profits....They may need to use these money reinvested in searching more risky exploratory drilling that may cost them much much more! The denial of humans of resource depletion is frightening! Most "normal" people will say it's not their responsibilities to understand the depressing truth that cheap oil is no longer available "EVER!" and it can only go up...in the future together with cost of living...in urban cities.
If you have to travel many miles per day in your personal car...it's time to make the lifestyle switch to a cheaper alternative...that does not need to travel far...otherwise it will be even harder to accept when the gas prices goes beyond your earning power.
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