Just more evidence of how big corporations and the rich shaft us and then whine they pay to much and then their cheerleaders all rush in to their defense.
Motorists are paying nearly $4 for a gallon of gasoline as the oil industry reaps pre-tax profits that could hit $200 billion this year.
This makes another big number hard to take: $4.4 billion. That's how much the industry saves every year through special tax breaks intended to promote domestic drilling.
How the oil industry saves $4.4 billion a year in taxes - USATODAY.com
I would love for someone to explain to me how the price of a barrel goes up and its understandable the price of gas goes up...but how do the oil companies reap far more profits when the usage goes down. So they sell less gallons of gas and reap HUGE profits...over and above whatever the cost of a barrel...what that is called gouging or robbery from a merciless corporation that has us all held hostage...we have no choice but buy their gasoline and heating oil...