Chevron Corportion

Gasoline price gouging becomes ever more obvious

Just in case anyone still believes it's an accident oil companies like ExxonMobil and Chevron and BP and Shell have achieved record profits quarter after quarter during the last few years, here's some information that will utterly debunk such naive thinking:

As of early spring, crude oil prices were several pennies lower per gallon this year than last year. But the pump price of gasoline was considerably higher. In February, the average California price of $2.81 was nearly 24 cents higher than a year earlier and 45 cents above the national average. In early April, the average California price of $3.29 was 62 cents over the national average.

Today's price seems well on its...