South Georgians react to ExxonMobil's big profits - WALB.com, South Georgia News, Weather, Sports

South Georgians react to ExxonMobil's big profits

January 30, 2006

Albany--If you believe the experts, gas prices are about to go up again. As we pay near record prices oil companies rake in record profits. Today ExxonMobil announced it made ten billion dollars in the last three months of last year. That's the biggest profit for any US company any quarter in history.

Those earnings have many motorists feeling taken advantage of.

From $2.24 to $2.25, gas prices keep climbing, while motorists keep struggling.

"The gas prices are outrageous," says Leonard Holsey.

"I just think it's crazy," says Morgan Bullington.

But now ExxonMobil's record profits have many south Georgians asking questions. "You definitely wonder why they're making all this money still, and the gas prices are not coming down," says Leigh Strickler.

Strickler spends about seventy dollars to fill up her SUV. She believes ExxonMobil and other oil giants are abusing everyday people.

"It's hard to justify in my mind that they're making so much money and we're still paying a lot for it," says Strickler.

And many south Georgians feel exactly the same way.  "If they can make that kind of cash, they can bring it down a little bit," says Chris Harvey.

"Somebody's pockets are getting greedy. Somebody's hands are getting greased," says Leonard Holsey.

"It's a capitalist country, and they're going to do that. That's the way the rich man stays rich," says Shell cashier Chris Vinson. He's not surprised that oil companies are raking in big bucks, but he doesn't believe they'll continue to do so. "Get the money while you can because it won't be long before they find another way," says Vinson.

For now, oil giants, like ExxonMobil, will continue to come out on top at the expense of many motorists.

"We can't do anything about it, I mean we have to buy gas," says Bullington.

"What can we do? We're going to have to get back to and from work," says Leonard Holsey.

And as if gas prices aren't already high enough, they may soon get even higher. AAA predicts that within the next few weeks gas prices could hit $2.50 a gallon. Right now, the nationwide average for regular gasoline stands at $2.32. That's about fifty-five cents higher than one year ago.

Feedback: news@walb.com?Subject=ExxonMobilProfits

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