Goodbye Exxon Mobile - Hello ______?
With the gas prices on the rise, Exxon Mobile is saying goodbye to the retail gas business in the United States.
Exxon Mobil (XOM - Cramer’s Take - Stockpickr) said Thursday that it’s getting out of the U.S. retail gasoline business and will sell its portfolio of company-owned gas stations.
The portfolio includes 820 self-operated retail outlets, as well as roughly 1,400 gas stations that are managed by dealers
Exxon and Mobile were at one time the biggest gas giants in the United States, until they combined into one company. There have been attempts to lower the gas price by boycotting the Exxon Mobile gas stations — but it seems that attempt will no longer be valid. Exxon says not to expect immediate changes, as the retail location sales will take place over the next few years.
Well, with Exxon Mobile going out — who will be the next big gas giant here in the United States? How do you think we can lower the gas prices — or is it impossible?
Comments are welcome,
Justin
Tags: cars, Environment, exxon, exxon mobil, Gas, global warming, mobile, Oil, prices, refinery, retail
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