Q : Wouldn't prices be lower if the oil companies weren't making record profits?We wish we sold gasoline. Then we could totally buy Alison Krauss instead of wooing her on a site that she doesn't read.
A : Yes, oil companies make a lot of money, and some of it's coming from motorists' pockets. For 2006, Exxon Mobil recorded a $39.5 billion profit -- the largest ever by an American corporation. Much of the profits that oil companies like Exxon and Shell make are from the sale of crude oil.