Quote:
Originally Posted by Bourne
Percieved being the key word. Has there been proof offered? Any evidence of illegality? No to both.
It's plain and simple a penalty levied against one industry for being successful.
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Holding a near monoply and raising your prices at a faster rate than your costs are raising is price gouging, it is in their financial records, so there is proof of it.
BP in 2007 made a 29.4% gross profit, while in 2005 (only two years before) made 23.0% gross profit.
Chevron in 2007 made a 39.1% gross profit, and in 2005 it was only 22.4% gross profit.
That is price gouging.