other than the phrase "BUYERS control the marketplace" the rest of that email is crap. Example: the largest refiner of gasoline in the US is Chevron. Mobil wasn't even a player when Exxon bought them out, and now they're the largest company in the world.

white1 is right to an extent: to make a long explaination short, companies sell their products to whoever, meaning that Cheveron will buy and use gasoline that was produced in a Shell refinery and Transmontaigne will buy and use gas that was produced in an ExxonMobil refinery... it doesn't even have to be the closest refinery (think about tanker ships). The product, in this case gasoline or diesel, could have switched owners a dozen times in a time span of six hours.

That being said, I have NEVER seen a ExxonMobil(example) truck load up at a Cheveron terminal or loading rack.

 

Ive seen exxon trucks fill up at shell but like I said that was a few years back.

 

I hope this "brilliant" idea never takes off, I've got stock in those companies haha.

 

 

Then you should be mad as well...those dividends could be larger if the managers didn't take so much!

 

Or maybe it's because they would rather give their profits to corpulent corporate executives or greedy stockholders instead of investing them back into the company? I say this because a few years ago the CEO of a well-known Class 1 railroad was kicked out of office because he put the company's profits into new locomotives, better track and signals, etc., and the stockholders were p1ssed that he wasn't giving the money to THEM. So they threw him out. (You're right, I don't own any stock.)

 

I say Bush puts a freeze on gas prices when it hits $3.00 a gallon so they can't go up or down, just watch and see. He isn't worried about helping bring these prices down, Bush Sr. owns 1/4 (maybe more) of a huge drilling company named Seeco and they're making millions right now.

 

I'm trying to cut my fuel down to Biodiesel for the truck, and a bit of 110 octane gas for the toys...
Exxon/Mobil and all the rest have made enough. Time to make someone else rich!

 

Classic wealth envy (sp). Anyone who says they would not take that kind of money is fooling only themselves. If it is as bad as you all make it sound sell your trucks and get a small car that gets 30+ miles to the gallon. We spend hundreds and evven thousands of dollars making our trucks faster and don't hesitate to do so. But, let gas go up 25 cents a gallon and the man is out to get us. I fill up 2-3 times a week. Sure it hurts, but I'm not complaining. I could work out of a small economy car, but choose to drive my truck.

 

I am with you on that statement quicksilverado. I don;t think its right for the goverment to step in on any business and regulate profit even if it is the gas companies, that just is not right. They have it, we want it, we have to pay for it.