"profits have gotten tougher"
WTF?
As the going gets tough, the tough... sell of their struggling assets, huh?
"Exxon Mobil to quit retail gas business" by Associated Press | June 13, 2008
HOUSTON - Exxon Mobil Corp. said yesterday that it is leaving the retail gasoline business, following other major oil companies who've been selling their low-margin stations to gasoline distributors.
But, but, but... what am I gonna do for gas?
Motorists, however, will continue to see Exxon's Tiger-themed stations and Mobil outlets. Already, about 75 percent of Exxon Mobil's roughly 12,000 US stations are owned by branded distributors, who buy Exxon Mobil products and pay to use the name.
And they still can't make $$$? The gas guy has to PAY for the Exxon NAME?
Nobody paying me for mine.
The world's biggest publicly traded oil company said it now plans to sell to distributors its remaining 820 company-owned stations and another 1,400 outlets operated by dealers. Exxon Mobil didn't disclose financial details but said the sales will take place over a "multiyear period."
Exxon Mobil is not alone among Big Oil exiting the retail gas business, a market where profits have gotten tougher as crude oil prices have risen. In fact, industry officials say the major oil companies own fewer than 5 percent of US gas stations.
Cutting-and-running, 'eh, Big Oil? Where's the patriotic duty to the country?
Oh, yours is to the buck!?
Gas prices reached another record at the pump yesterday, rising to a national average of $4.06 a gallon. Still, station owners say they're struggling to turn a profit on gas because they've been unable to raise pump prices fast enough to keep pace with sharply rising wholesale costs...."
Holy crap! And I've already got gas spitting out my mouth!!!
How-to-guide to filling up, 'murkns:
1. Pull up to pump
2. Get out of car
3. Drop pants
4. Insert gas pump into ass
O.K, ready, set, go!!!!
"Oil closes up; gas hits new record" by Associated Press | June 13, 2008
NEW YORK - Oil prices rebounded from a steep early loss to end modestly higher yesterday in another volatile session fueled by a rising dollar and concerns about supplies. Gas prices reached a new record at the pump, rising to a national average of $4.06 a gallon, and are likely to keep rising... new records are a real possibility in coming days." No pffffffffttttt!
