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this post was submitted on 18 Sep 2023
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something something generated lot of value for shareholders
People lose their minds in the US when gas was above 5 dollars a gallon. Nothing to do with shareholders but you and me wanting our cheap prices and products.
Actually, as of right now gas would be $4.90 average because of oil prices if it werent for the ~20% gas subsidy the government has in place. A barrel of oil makes ~19 gallons of gas and is ~$94/barrel. So $94/19 = $4.947 rounded up to $4.95.
What subsidies are on gas? I never seen that. Even worse if true.
I am honestly not sure as i havent looked, but it should be ~20% higher than it is. I doubt gas stations are selling it at a 20% loss.