[bray]

Speculators only bet on the direction and the direction is more Demand than Supply. We increase Supply and we change the Direction.

If you like $5/gal, Thank Congress. If you want $10, Vote Obama.

Pray for W and Our Troops

[rodguy911]

Evening Bray nice to see you. Another dynamic that is not often discussed is that many gas stations in competitive areas work on 6-10cents per gallon margin.

At a dollar a gallon that would 6-10% gross profit from the sale of gas.

At $4.00 per gallon it's 2% or less.

Add in customer charges on credit cards at 1/1/2 -2% of total sale and the stations are going backwards.

Even the profit from all the other over priced stuff can't make up the difference in most stations. So many are getting out, going bust or like Exxon selling out.