Gas companies gonna make fortune this quarter

[picantel]

Oil prices are falling rapidly but gas prices are going down a penny here and a penny there. With the price of oil today compared to its all time high taken with the high on the price of a gallon of gas the prices at the pump should be $3.03. However, the price where I live at least is $3.59.
I really do not think the gas companies are going to allow gas prices to come down much as oil drops. If they do not make record profits each quarter then the stocks will plummet and the scum who control these companies will not make their billion dollar bonus.

[ShamsWoof10]

This is NOT neccessarly true....

The gap between the futures market and the pump is "roughly" around .65-.75... The price was around 3.00 last week and dropped to 2.75 because of the experation of the front month and a slight drop on Friday...

As I pointed out earlier this summer the pump price was really low when gas was around 4.00 because it was ONLY .40 less on the futures market.... They may be making what they should have made this summer... When the wholesale price goes up the pump price follows and this does NOT mean more "PROFIT" for the gas companies...

Consider this... Oil has gone from $15 to $150 which is 1,000% increase... Gas has gone from $1 at the pump to $4 peak which is only 400%... If Gas is made from Oil then how are they making "record" profit..?

I disagree with you!!!