3 hours ago
Without weighing in on the legitimacy or necessity of the attack on Iran, I want to question why gas companies immediately raised gas prices, charging Americans more for fuel that stations had already purchased and stored in their tanks.
They continue to hike prices based on speculation about potential future delivery disruptions and reduced production due to the war.
Gas companies earn billions in profits annually from American consumers. So, why can't they afford to take a slightly smaller profit for a short period to keep gas prices reasonable for the public?
I'm confident these companies could survive making a few million less in profits temporarily to help Americans at the pump. Instead, they refuse to reduce profits even briefly and continue to gouge consumers.
Part of the issue is that many politicians have close ties to big oil and would rather let Americans suffer higher prices than ask their oil industry allies to accept a temporary dip in profits.
Gary Phillips
Wells
