Why are electric and gas bills going up, but oil companies making record profits? 458 viewsJanuary 2, 2024 Question100.55K July 28, 2022 0 Comments I thought the reason they were increased is so we could get the same power with reduced supply? However a fair few power companies are reaching ridiculously high record profits, which goes against the grain of that idea. In: 16 18 Answers ActiveNewestOldest Anonymous Posted July 28, 2022 0 Comments Because a business is designed to make profits no matter what their raw materials costs are. The alternative would be to only make profits when the cost of materials is low, then go out of business when the price of raw materials rises. You are viewing 1 out of 18 answers, click here to view all answers. Register or Login
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