"Fred Dehl" wrote in message
...
wrote in
oups.com:
Looks like a repeat of the 2005 fuel pricing may be in store. Those
*******s. But I guess you can't blame them, since most of the increase
last year went straight to the Record Profit Bottom Line of the big oil
companies and their stock prices have now been adjusted to take those
profits into account. Failure to reproduce the same type of earnings
this year would have a negative impact on future stock values, and we
certainly couldn't have that, could we?
Gas prices rise in Spring and Summer due to the multiple formulations
which differ from state to state during warm months to meet emissions
requirements.
And due to demand when competition price point curve breaks down due to
demand exceeding supply. This is exasperated by not having enough refinery
capacity for the summer peak gas demand months.
I hate it too. And if I were the one making the decision to build or not
build a new refinery I'd have pause...Why build a new one for the peak
demand of 3 months a year. Like the electric companies when they have
problems with peak demand, rather than expand on their generator capacity
they encourage us to conserve. Then when we start suffering brownouts and
demand better service they request a rate hike to build a new generator, and
guess what, they get one.