Who's Making Money Off High Gas Prices?

Though increases in gasoline prices are most visible at local gas stations, they aren't the ones making the most money. It's easy to blame the retailers for the increases at the pump, but most local gas stations are only making pennies on the gallon according to East Carolina University economics professor, Richard Ericson. He says, "The biggest profits are to those who sit on the resources, and that's national companies, and nations in the Mid-East. Iran has been making money hand over fist from this." Ericson says with the high global demand for oil and motorists' determination to continue driving, it's not likely that gas prices will come down anytime soon.


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