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Born at the Crest of the Empire

Wednesday, September 28, 2005

Jesus Christ...

When the average price of a gallon of regular gasoline peaked at $3.07 recently, it was partly because the nation's refineries were receiving an estimated 99 cents on each gallon sold. That was more than three times the amount they earned a year ago when regular unleaded was selling for $1.87. Companies that pump oil from the ground swept in an additional 47 cents on each gallon, a 46 percent jump over the same period. If motorists are the big losers in the spectacular run-up in gas prices, the companies that produce the oil and turn it into gasoline are the clear winners.

This quote from the Seattle Times comes from a larger rather snarky post from Kos.

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