Ever notice how Exxon stations are always a good seven to ten cents higher than others? I have. And I think I just found out why:
At last night’s prime time press conference, Bush announced that, "There will be no price gouging at gas pumps in America."
According to the Associated Press, “he spoke on the same day the world's largest publicly traded oil company, Exxon Mobil Corp., announced that its profit for the first three months of the year had risen 44 percent to $7.86 billion from the corresponding quarter a year ago.”
Forty-four percent! This in an economy that according to the New York Times is “expanding at its slowest pace in two years”.
It’s a load off my mind that at least the big corps can still make a buck.