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Industry profit vs. individual gouging
Posted by Jeff B [Email] (more from Jeff B) on Mon, 30 Jan 2006 09:15:03
In Reply to: Can someone please tell me why these profits are kosher, Finch, Mon, 30 Jan 2006 08:55:43
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The local gas station may decide to jack prices around by a quarter or two per gallon to increase that businesspersons profit, but that is not normally related to oil companies decisions.
As an industry, the average profit is in oil is about 5.8% of revenue.
Average profit in a US business is about 5.5%. Banking/financial sector profits are in the teens.
Oil industry sets a record because of the size of the revenue dwarfs banks, but banks are where the real obscene profits are being made.
posted by 128.190.6...
Posts in this Thread:
- Can someone please tell me why these profits are kosher, Finch, Mon, 30 Jan 2006 08:55:43
- Free enterprise economics, Tom900T, Sat, 4 Feb 2006 21:41:13
- Re: Can someone please tell me why these profits are ko, Rafe, Tue, 31 Jan 2006 19:59:23
- Nobody is gouging !, Brendan Mulkern, Mon, 30 Jan 2006 11:53:51
- the thing i found funny in local paper was chevron's..., baggsly
, Mon, 30 Jan 2006 11:36:53 - It is a traded co., you are free to buy it and take, Nathaniel, Mon, 30 Jan 2006 09:38:25
- Industry profit vs. individual gouging, Jeff B, Mon, 30 Jan 2006 09:15:03 <-- Viewing This Message
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