How can any person working in the oil industry justify the gas price increase.?

I just read where someone in the oil industry was trying to explain
the latest gas price increase. Why an increase in the price per
gallon of gas when in an article a couple of days ago they were
trying to slip in that the price of oil, per barrel had just dropped
below ?

2 Responses to “How can any person working in the oil industry justify the gas price increase.?”

  1. TexasRose Says:

    Because all the ‘costs’ that the oil companies encure are passed along to the consumer. Like the building of new oil rigs and platforms, etc. And, because they can. Do you see anyone stopping them?

  2. lightning_flash Says:

    They would probably give reasons why it’s more expensive like cost push inflation. maybe the cost of production has increased or maybe they are trying to increase their profit margin to stabilize the price so that it does rise over the years at a high rate.