Are the relentless increases in fuel prices economically warranted or is it Corporate greed?

Question

For some time now, fuel (petrol) prices have increased on average by 4 to 6 cents weekly. Spending over $40.00 at various super-markets will get you a fuel voucher for, generally, 4 cents per litre. Shell, BP, etc collect the 4 cents per litre from the super-markets and continue to increase their price per litre by 4 to 6 cents. As a result, their weekly profit margin is doubled which would explain their extrodinary two digit percentage profit they are flambouyantly boasting. If they are increasing petrol prices to keep up with the rising cost of crude oil like they want us to belive, the profit (money left after the BILLS are paid) would NOT be as spectacular as they (BP, Shell, etc.) are claiming. There is a rat in the wood pile the Commerce Commission and Fraud Office need to fluse out and capture.

Answer 1

i think it IS profiteering.  the fossil fuels the arab countries gets from underground costs exactly the same as it did 50 years ago... FREE!

Answer 2

We are too dependent on it, we need to stop buying petrol and lower demand lower there dirty profits, we can live without petrol..

Answer 3

CBS news reported today the meeting in congress asking the oil companies why they need such a high profit. They said due to the extra usage from certain universities and a couple of other places. As the oil company answered congress laughed in their face and said "yeah okay". It is greed!!!!