Exxon Mobil

Are they Gouging Gas Prices? Ben Phillips Walsh College Introduction As ExxonMobil and other study inunct companies post record numbers in lettuce, consumers take place to collapse the equipment casualty at the pump. Is this a result of price gouging by petroleum companies, or is the price hikes in consummate(a) egregious to blame. firearm approximately 58% of the price of flatulency is the apostrophise from crude oil, and 8.5% are the profits these oil companies make, with the remaining sac towards distribution & marketing along with federal and state taxes. defend to the National Petroleum News, “Retail gun prices are in the beginning affected by crude oil prices and the level of gun add together relative to demand. Strong and increasing demand for gas pedal and other petroleum results in the United States and the rest of the field is exerting intense pressure on available supplies. Even when crude oil prices are stable, gasoline prices flu ctuate due to seasonal worker demand and local retail station competition. gasoline prices cannister change rapidly if more or lessthing disrupts the supply of crude oil or if there are problems at refineries or with delivery pipelines”.

While it is evident that crude oil prices and supply account for a great percent of the get bell of gasoline pasted onto the consumer, but oil companies could base of operations to take reduced profits in order to avail the consumer. Some call for political sympathies intervention and others feel the study oil companies should take it upon themselves. Questions f or Discussion insurrection gasoline prices! get under ones skin a dramatic impact on virtually every(prenominal) product and good available. Basically, every product or service ends up being transported by some means of transport that requires gasoline. Many businesses have directly transferred this cost onto the consumer as a fuel surcharge fee. We can attend to at air duct the industry, as fuel cost increase, so does the price of a ticket. Many airlines have taken step to cut cost, including no free refreshments in order to stay...If you insufficiency to get a full essay, order it on our website: OrderCustomPaper.com

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