Sunday, September 25, 2005

Refiners making out as fuel prices rise

If motorists are the big losers in the spectacular run-up in gas prices, says the Washington Post, the companies that produce the oil and turn it into gasoline are the clear winners. This piece, Gas Profit Guzzlers, lays it out in dollars and cents.

More details in graphic

Banks and credit-card companies also are doing well on the price increase, because their fees are proportional to the dollars charged each time a card user fills up his tank. But according to the Post, the gasoline dealer probably makes a fixed margin and enjoys none of the price increase. Here's that part of the story .

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