by D. Cupples | Today, I bought gas in North Florida: $3.79 a gallon for regular, up about 83 cents since early February. Friday, Exxon Mobil reported quarterly profits of $10.9 billion. Last quarter, Exxon listed the highest quarterly profits in U.S. corporate history ($11.66 billion), as well as record-high annual profits of $40.66 billion in 2007.
Exxon's share prices fell anyway, because analysts had expected even performance.
While it's nice to know that we consumers are helping pay for record-high oil company profits again, that's not all we're helping pay for.