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Prices are determined by the commodities markets far more than they are by the Oil companies. So if new supplies come on to the markets, the price will go down.
And the only people screwing us on the prices are the government that ladle on massive taxes to the gas you buy. Average profit for the companies that actually find, pull out, transport and refine the gas? 10 cents per gallon. Average profit for governments that do nothing to create or distribute this product? 80+ cents (in the US) (MUCH higher than that in some other countries).
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