Gas went up $.20 in 3 days!!!!

[Pabster]

Yeah it shot up to $2.69 for Premium today here. Regular is around $2.57.

Just a few days ago it was $2.49 for Premium and $2.30 for Regular...

 

[ucdbiendog]

cry more and drive less noobs

 

[Ricemarine]

$2.69 for regular here now...

 

[Ronstang]

Originally posted by: DAGTA

Originally posted by: MustISO
I just want to know if oil/gas has increased in cost for the gas companies and the gas stations in proportion to what the consumer sees.

No. Record breaking profits were made in the first quarter of 2005.

You have no idea what you are talking about. The cost to produce gas has gone up because the price of oil has gone up and the profit on a gallon of gas is not much different than it was 10 years ago...it is only a few cents. The difference comes in at the station. Independents and non-company stations charge what they want so the pofit the station see varies....that is why you see such a variance of price even at the same brand of station.

The reason the Oil Companies are posting record profits is because of the production side of their business....you know, the portion that actually pumps the oil out of the ground. If oil companies own reserves still in the ground and the price of oil doubles then the value of their reserves double. Prices are being driven by worldwide demand and other market forces, it has nothing to do with the Oil Companies trying to control pricing.

Educate yourself before you open you fat mouth and look like a dumbass.

 

[clickynext]

Well the price of oil on the market just went down, wonder if this will have any effect on gas. =/

 

[Powermoloch]

I work @ a gas station, and the prices here for a regular is 2.73 per gallon.

Don't be surprised when the gas hits up to 3 $ per gallon...why it happened?

- competition : china needs fuel for economic growth
- refineries : not enough to keep up the demand yet
- reserves : running out of oil pretty soon, so supply can't keep up demand
- Environment : refining the oil to meet EPA standards takes money
- Taxes : for some of you know, california taxes alot
- Vehicles : I seen a customer blowing a $100 bill for his SUV, imagine that eh?

Transportation goes w/ the cost of living everybody, live with it

 

[jadinolf]

Got gas at Costco today.

$2.64

Whine whine whine.

 

[Xyclone]

$2.80 here... :roll:

 

[danklumpp]

We were coming home from Missouri to Illinois. It started out at $2.49. The next gas station we came to was $2.75 !!

 

[DAGTA]

Originally posted by: Ronstang

Originally posted by: DAGTA

Originally posted by: MustISO
I just want to know if oil/gas has increased in cost for the gas companies and the gas stations in proportion to what the consumer sees.

No. Record breaking profits were made in the first quarter of 2005.

You have no idea what you are talking about. The cost to produce gas has gone up because the price of oil has gone up and the profit on a gallon of gas is not much different than it was 10 years ago...it is only a few cents. The difference comes in at the station. Independents and non-company stations charge what they want so the pofit the station see varies....that is why you see such a variance of price even at the same brand of station.

The reason the Oil Companies are posting record profits is because of the production side of their business....you know, the portion that actually pumps the oil out of the ground. If oil companies own reserves still in the ground and the price of oil doubles then the value of their reserves double. Prices are being driven by worldwide demand and other market forces, it has nothing to do with the Oil Companies trying to control pricing.

Educate yourself before you open you fat mouth and look like a dumbass.

I have a fat mouth? haha, how is it 'fat'? Thanks, that actually made me laugh.

you must be right, I'm sure all of the oil companies are run by altruistic people that only charge just enough to get by. If there was no money to be made in refining, then those companies would ONLY work production.

 

[EatSpam]

Originally posted by: Wag
Some crazy stuff going on. Just a few days ago gas was $2.35 here in the Boston suburbs. Now it's $2.56!

I never saw it go up so fast like that before.

Its called price gouging. Invest in some oil stocks so you can get some of your money back. Oil companies are making record breaking profits lately.

 

[Pocatello]

Originally posted by: Powermoloch
I work @ a gas station, and the prices here for a regular is 2.73 per gallon.

Don't be surprised when the gas hits up to 3 $ per gallon...why it happened?

- competition : china needs fuel for economic growth
- refineries : not enough to keep up the demand yet
- reserves : running out of oil pretty soon, so supply can't keep up demand
- Environment : refining the oil to meet EPA standards takes money
- Taxes : for some of you know, california taxes alot
- Vehicles : I seen a customer blowing a $100 bill for his SUV, imagine that eh?

Transportation goes w/ the cost of living everybody, live with it

Yes, as other countries, especially with China and India, are becoming richer, they are going to buy more oil. And we all know there are a lot of Chinese and Indian people on the earth 🙂.

 

[Injury]

Originally posted by: Iron Woode
We are paying $1.05 / litre here. Roughly $4.00 a gallon.

You guys get little sympathy.

Your country is smaller than my state.

You have better mass transit.

You can get to where you are going on foot, usually.

You should be paying more per gallon.

 

[Pocatello]

 

[Iron Woode]

Originally posted by: Injury

Originally posted by: Iron Woode
We are paying $1.05 / litre here. Roughly $4.00 a gallon.

You guys get little sympathy.

Your country is smaller than my state.

You have better mass transit.

You can get to where you are going on foot, usually.

You should be paying more per gallon.

😕

 

[clickynext]

Originally posted by: Injury

Originally posted by: Iron Woode
We are paying $1.05 / litre here. Roughly $4.00 a gallon.

You guys get little sympathy.

Your country is smaller than my state.

You have better mass transit.

You can get to where you are going on foot, usually.

You should be paying more per gallon.

It's funny, not one of the things you said were true. You heard me, not even the last one. 😀

 

[yhelothar]

Oh well.. one less coffee at starbucks.. big deal..

 

[Chompman]

Originally posted by: clickynext

Originally posted by: Injury

Originally posted by: Iron Woode
We are paying $1.05 / litre here. Roughly $4.00 a gallon.

You guys get little sympathy.

Your country is smaller than my state.

You have better mass transit.

You can get to where you are going on foot, usually.

You should be paying more per gallon.

It's funny, not one of the things you said were true. You heard me, not even the last one. 😀

You have to remember that 90% of Canada is just ice and doesn't count as land mass. 😛

 

[Rudee]

Originally posted by: Injury

Originally posted by: Iron Woode
We are paying $1.05 / litre here. Roughly $4.00 a gallon.

You guys get little sympathy.

Your country is smaller than my state.

You have better mass transit.

You can get to where you are going on foot, usually.

You should be paying more per gallon.

Wow, what a putz.

 

[Ronstang]

Originally posted by: DAGTA

Originally posted by: Ronstang

Originally posted by: DAGTA

Originally posted by: MustISO
I just want to know if oil/gas has increased in cost for the gas companies and the gas stations in proportion to what the consumer sees.

No. Record breaking profits were made in the first quarter of 2005.

You have no idea what you are talking about. The cost to produce gas has gone up because the price of oil has gone up and the profit on a gallon of gas is not much different than it was 10 years ago...it is only a few cents. The difference comes in at the station. Independents and non-company stations charge what they want so the pofit the station see varies....that is why you see such a variance of price even at the same brand of station.

The reason the Oil Companies are posting record profits is because of the production side of their business....you know, the portion that actually pumps the oil out of the ground. If oil companies own reserves still in the ground and the price of oil doubles then the value of their reserves double. Prices are being driven by worldwide demand and other market forces, it has nothing to do with the Oil Companies trying to control pricing.

Educate yourself before you open you fat mouth and look like a dumbass.

I have a fat mouth? haha, how is it 'fat'? Thanks, that actually made me laugh.

you must be right, I'm sure all of the oil companies are run by altruistic people that only charge just enough to get by. If there was no money to be made in refining, then those companies would ONLY work production.

The biggest profit in an oil company on the refining side is in chemicals, not gasoline. The price of gas is directly related to the price of crude. If the profit margin per gallon (measured in a few cents) goes up it is due to increased operating costs....which can be everyting from the weather to EPA regulations. Ever wonder why California has the highest gas prices? It is becuase they require a SPECIAL blend due to the hippies and that adds cost.

When oil was at $12 a barrel most domestic oil companies could not even be profitable on the production side so they sat on their reserves as their breakeven point was in the mid $20s. The price of oil is market driven and since it has gone about $30 all domestic oil companies are making money on their produciton side...something they had not done in years. That is why they are posting record profits! Not because they are finding more creative ways to screw you at the pump.

 

[FoBoT]

no more gas threads

stop it

 

[Chompman]

Originally posted by: FoBoT
no more gas threads

stop it

Does farting count since I have gas? 😛

 

[DAGTA]

Originally posted by: Ronstang
The biggest profit in an oil company on the refining side is in chemicals, not gasoline. The price of gas is directly related to the price of crude. If the profit margin per gallon (measured in a few cents) goes up it is due to increased operating costs....which can be everyting from the weather to EPA regulations. Ever wonder why California has the highest gas prices? It is becuase they require a SPECIAL blend due to the hippies and that adds cost.

When oil was at $12 a barrel most domestic oil companies could not even be profitable on the production side so they sat on their reserves as their breakeven point was in the mid $20s. The price of oil is market driven and since it has gone about $30 all domestic oil companies are making money on their produciton side...something they had not done in years. That is why they are posting record profits! Not because they are finding more creative ways to screw you at the pump.

While I believe much of what you say is true, it's still a simple bit of logic to understand that a for-profit company is not going to do something that doesn't make them money. If the gas companies weren't making good money off of producing and/or selling gasoline, they wouldn't do it.

 

[Ronstang]

Originally posted by: DAGTA

Originally posted by: Ronstang
The biggest profit in an oil company on the refining side is in chemicals, not gasoline. The price of gas is directly related to the price of crude. If the profit margin per gallon (measured in a few cents) goes up it is due to increased operating costs....which can be everyting from the weather to EPA regulations. Ever wonder why California has the highest gas prices? It is becuase they require a SPECIAL blend due to the hippies and that adds cost.

When oil was at $12 a barrel most domestic oil companies could not even be profitable on the production side so they sat on their reserves as their breakeven point was in the mid $20s. The price of oil is market driven and since it has gone about $30 all domestic oil companies are making money on their produciton side...something they had not done in years. That is why they are posting record profits! Not because they are finding more creative ways to screw you at the pump.

While I believe much of what you say is true, it's still a simple bit of logic to understand that a for-profit company is not going to do something that doesn't make them money. If the gas companies weren't making good money off of producing and/or selling gasoline, they wouldn't do it.

Of course not, but remember this comment:

Originally posted by: DAGTA

Originally posted by: MustISO
I just want to know if oil/gas has increased in cost for the gas companies and the gas stations in proportion to what the consumer sees.

No. Record breaking profits were made in the first quarter of 2005.

You were false and simply jumping on the "bash the oil companies" bandwagon which has been going on since the first Gas Crisis in 1973, whicy I remeber personally...do you? How about the Gas Crisis of 1979? Yeah, that was the year I started driving so I definiely remeber the price of gas going from $.60 to about a $1.00 almost overnight. The same rhetoric you are spewing was thrown around then but the per barrel price of oil jumped tremendously so the price at the pump merely reflected it.

It seems people cannot grasp global economics when it affects their pocketbooks or lifestyle so they start conspiracy theorizing and blaming the most convenient scapegoat instead of taking the time to educate themselves as to how things actually work. If the oil companies are trying to screw you so bad why didn't they do it when oil was $12 a barrel and gasoline was $.79? Seems to me they could have easily snuck an extre $.10 a gallon in the price and no one would have noticed.

I have explained where the record profits come from. Oil companies refine gas because they can make money on it of course but they have always been careful to keep their profit margins pretty slim to keep this country rolling....they make the majority of their money on chemicals as I said earlier.

 

[episodic]

Originally posted by: CitizenDoug
woohoo. i can't wait until it reaches $4 a gallon. i'm guess within five years. yes i am serious. yes i am a car hating hippie who rides his bike whenever possible and drives an economy car 😉

Can't wait for you to get elderly, and still have to work into your 70's cause the repubs took away your social security, and you can't afford to live near your job, and you are too weak to ride a bike, and you can't afford a car or gas. . .

It is gonna be beautiful. . .