BK>>  If it cost them $40/bbl to pull the oil out of the ground, and
 BK>>  it sells for $65/bbl, and they process it and make a profit at
 BK>>  $2/gal, then they are making at least 100% profit at $4/gal.

 RC> and do the oil companies set the price of gas or do the
 RC> commodities market?

 In a truly competitive market, the market place, not the
 commodities market or the oil companies, would set the price.

 If either of the above is setting the price then we really don't
 ahve a competitive market.

BOB KLAHN bob.klahn{at}sev.org   http://home.toltbbs.com/bobklahn

... Vegetarians eat vegetables - Beware of humanitarians.
 * Silver Xpress V4.5/P [Reg]
--- Platinum Xpress/Win/WINServer v3.0pr5a