Shell etc

[andicole0]

If profits have gone up three fold what cost increase has driven that?! Or is it just profiteering? How much would high street petrol be if they kept profits to a simple inflation matching level.
BTW I failed economics at University

 

[andicole0]

See loop

 

[andicole0]

Cost of product due to supply and demand.

Supply down globally.
Costs for extraction probably a small increase.
Cost of commodity on the market massively up.

But if costs are higher why is profit higher? Profit is not cost based? End price could be lower than they are now if profits were lower even if costs are higher.