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God damn gas stations

GoingUp

Lifer
I swear to christ they look for every excuse to jack the price. If it gets with in 20 cents of $2 they jack it up another 20-30 cents per gallon. Assholes.
 
i wonder why

lets check the news
Nigerian unrest is to blame

US crude oil futures rose more than $US1 after unrest disrupted production and exports in Nigeria and Ecuador.
 
Originally posted by: wvtalbot
Don't blame it on gas stations blame it on a government that is in the pocket of the oil lobby.

The government doesn't set oil prices. The market sets the oil prices.
 
what i'd like to know is why the gas stations near my work are at 2.29 and the gas stations near my house or in another town are like 2.07?

one local radio station in PA had Rick Santorum on and they asked about gas prices between states being different. he said something about pollution laws or something and that each state had to do something different to the gasoline to make it better for that state or something. sounded like a total BS answer to me.

 
Originally posted by: Queasy
Originally posted by: wvtalbot
Don't blame it on gas stations blame it on a government that is in the pocket of the oil lobby.

The government doesn't set oil prices. The market sets the oil prices.

And give tax subsidies to Oil companies making record profits, you aren't that clueless are you?
 
Originally posted by: Queasy
Originally posted by: wvtalbot
Don't blame it on gas stations blame it on a government that is in the pocket of the oil lobby.

The government doesn't set oil prices. The market sets the oil prices.

I recently saw a report on oil prices. The companies are SCREWING us over. For example, when their prices go up say $.20 a gallon, they pass the charge on to the consumer (this is understandable). However, when their price goes back down that $.20 per gallon, they give the consumer maybe a $.15 per gallon price break. Then the cycle starts over and over, so they continue to get better and better margins under the excuse of "passing on cost to our customers so we can stay in business".

I would love to see what the price of crude oil compare to gas price was in 1990 compared to what it is now. We are getting ripped.
 
Originally posted by: wvtalbot
Originally posted by: Queasy
Originally posted by: wvtalbot
Don't blame it on gas stations blame it on a government that is in the pocket of the oil lobby.

The government doesn't set oil prices. The market sets the oil prices.

And give tax subsidies to Oil companies making record profits, you aren't that clueless are you?

No, but apparently you are if you think profits are only made by companies through the sale of gasoline at the pump. And apparently you are even more clueless by not knowing the difference between profit and profit margin (hint: the oil companies profit margin actually went down). And let's not even get started on how clueless you are about not knowing that corporations don't pay taxes, they just pass the cost of taxes on to the consumer.

 
Originally posted by: Brainonska511
Originally posted by: joedrake
It was 2.29 when I got gas 🙁

I would love to pay 2.29 atm. The cheapest I've seen gas in my town is $2.45/gallon

$1.99 here 🙂 though I am still a cheap bastard, so I bike to campus.
 
$1.97 in NE Atlanta this morning. Could have gotten it for $1.87 after the $0.10 discount at Kroger.
 
Originally posted by: Gobadgrs
I swear to christ they look for every excuse to jack the price. If it gets with in 20 cents of $2 they jack it up another 20-30 cents per gallon. Assholes.

same prices in my area
 
Originally posted by: pontifex
what i'd like to know is why the gas stations near my work are at 2.29 and the gas stations near my house or in another town are like 2.07?

one local radio station in PA had Rick Santorum on and they asked about gas prices between states being different. he said something about pollution laws or something and that each state had to do something different to the gasoline to make it better for that state or something. sounded like a total BS answer to me.

There are differences in gas formulations for many states/cities. Many of the major urban centers, ie. NY, LA, Wash., DC area, Chicago, etc., are mandated by the EPA to use a special winter and summer formulation of gas that is much different than areas not under EPA mandates for higher pollution controls. This does indeed lead to higher gas prices than seen in other areas of the country.

Another source of the major differences comes in the taxes levied on gas. While the federal tax on gas is consistent across the country, state, county, and city/local taxes vary widely and can lead to very different pricing of gas.
 
Originally posted by: Queasy
(hint: the oil companies profit margin actually went down).

Link to that profit margin? Profits for the oil companies were up 36% from last year IIRC.


Looking at Exxon's last quarter:

Sales were up from 83 to 99 billion (19% jump)

Profits were up 27% according to CNN. Looks like 27% jump in profits vs 19% jump in sales (revenues) = bigger profit margin by a long shot to me.



Edit #2:

From here...

Exxon's 2005 vs 2004 profits:

(millions) 36,130 25,330 up 43%

Sales (2005 vs 2004):

(millions) 370,998 298,035 up 24.48%

Profits jumped far more than sales indicating a large jump in profit margins. That's not to say that they have a large profit margin, it's saying that they had a reletively large jump in profit margins.
 
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