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Who gets rich off $3 gas - who doesn't

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posted on Mar, 14 2008 @ 02:24 AM
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Who gets rich off $3 gas - who doesn't


money.cnn.com

Motorists may fume when forking over $3 a gallon at the local service station, but as it turns out, your local filling spot makes chump change from a gallon of gas.

So exactly who is getting rich?

Oil traders: While often blamed for pushing up prices, traders don't necessarily benefit from the high price of crude or gasoline; they profit from how much the price changes. Traders can get rich - as long as they bet correctly on whether prices will rise or fall.
(visit the link for the full news article)


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posted on Mar, 14 2008 @ 02:24 AM
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I think we all know where most of the money is going. This is just an article that does break it down and spell it all out. It goes on to talk about taxes and that the oil companies are the ones getting most of the money. It is not a bad read for any of you who want to do so.

money.cnn.com
(visit the link for the full news article)



 
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