Ah yes, once again the CEO of 7/11 has gone on television (CNBC Today) bragging about how they have expanded their profit margin on a gallon of gas.
In fact he said they rapidly increase their price when oil goes up and yes-- they drag their feet when the cost comes down so as to suck as many pennies for as long as possible.
Two things bug me when I hear this:
1. Some of the biggest whiners about the cost of oil are the oil companies.* (Gee it costs us too and we don't make more money)* BS
2.The 7/11 theory of selling gas during what could be considered something of an oil crisis smacks of selling plywood at inflated prices when a hurricane approaches.
Now every business owes it to themselves to improve profit margins where they can, but this particular method has a bit of sleeze to it in my*opinion.
All in all, I suppose I should be impressed with this guys candor. So impressed I think I'll suspend my boycott of 7/11 for 15 minutes 
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