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If gas prices were simply a matter of the costs going up, the oil companies would not have record profits. if the actual costs are added up, it transparently do
by mint2 4y ago
If gas prices were simply a matter of the costs going up, the oil companies would not have record profits. if the actual costs are added up, it transparently does not equal the end price by definition due to the record profits.
Your comments is resorting to quibbling over whether it should be called profiteering or price gouging, the classic insincere debate tactic of derailing things into arguments over semantics rather than substance.
https://www.theguardian.com/business/2022/jul/29/oil-gas-company-profits-fuel-prices-shell-exxon-chevron https://www.theguardian.com/business/2022/jul/29/oil-gas-com...
Justifying the record profits by idle speculation of future input is nice. But it’s utter conjecture.