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I've been wanting to put together an overlay chart which would plot three basic things:
- Average price of gas at the pump
- Price of crude oil
- Return of profits by quarter for some large oil companies such as XOM
Obviously gas prices are more than simply crude oil, but I think it is safe to assume crude is the largest factor.
Unfortunately, I never have time to do such projects. I still think it is useful, not just in terms of seeing how oil companies are screwing people at the pump, but also for projecting future profits of said oil companies -- so there are trading opportunities here. It is my belief that as the price of crude fluctuates, the profit at the oil company is much higher because there is a tendency to relax the retail gas prices at a slower pace after a big spike in crude.
If anyone feels like taking on the project you'll have my appreciation.