Who is profiting the most as the cost of gas increases?

Question

Who is profiting the most as the cost of gas increases?

Answer 1

obviously the oil producers. But remember real estate prices? it's just a matter of time before we find a fuel replacement and BOOM!!! they'll have to eat all their oil, morning through evening; especially Chavez.

So, in a sense, what's going on right now is good for you and me, I just wish this stupid government had raised fuel taxes earlier, like in Europe, we wouldn't be having this now.

Answer 2

Close to three fourths of the price of gas is the cost of crude oil. Check out the link below for details. So the greatest profit goes to the person who pays a fixed price for the crude but sells it at an ever increasing prices.  This mostly are the NOC's (National Oil Companies) of oil producing states who produce the vast majority of crude.  Since they are state owned they do not publish their profits and one can only guess.  A smaller amount of the profit goes to the publicly owned oil companies we know well like Exxon, Shell, BP, etc.  Since they publish their profits we know how they are going up and as we know they are going up rapidly.  Since they have a greater overhead than NOC's we can only assume the NOCs are even more profitable (they have more overhead since they generally don't own the whole country as well unlike the NOC's and have to negotiate to get access to oil).  But even the largest company, Exxon, is probably only a fifth to a sixth of Saudi Arabias oil production so their profits are a small slice of the whole.  Plus as a lot of oil companies found out in places like Russia and Venezuala when oil prices get high they tend to get kicked out of a company and have the state take over their resources that they nominally own.  This is in violation of past commercial agreements, but who wants to pick a fight with an oil exporter?

Answer 3

The owners of the land, Such as the Saudis

Answer 4

The suppliers of the raw material.  Their cost to produce hasn't increased, but their price to sell has gone from $25/barrel to $140/barrel.  That means extra profit of $115/barrel for no added work.

Sweet deal, if you do it.  Of course, once the need for oil runs out, they've got nothing left to sell.