Blog by reformed leftist "Paul Hue", and his friends, including some UnReformed Leftists; the headlines reflect these competing views.
It's well known that gas stations make most of their profits from the sale of items in the convenience store portions of their businesses. It's also known that much of the price of gas at the pumps goes to taxes.Neither of these facts explains the record profits being made by the oil companies who benefit from the speculative nature of petroleum commodities markets at the expense of the rest of us.
Without speculation, prices would be much higher, I believe; speculation draws investment, which enables petro companies to produce more of their product.
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