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I saw a BP station selling regular for $3.99

Originally posted by: Random Variable

Topic Title: I saw a BP station selling regular for $3.99 and premium for $4.19

Maybe I'm not a complete idiot for driving a Prius.
Click to expand...

And I am a complete idiot for not buying BP stock! 🙁

 
:laugh: o how i wish it would be a mere $4 a gallon here. the cheapest you can find it here is about $5.6 a gallon. be happy. you have really low gas prices.
 
Meanwhile oil companies continue to post record profits. It must be a shortage in supply :roll:

****** oil execs and congressmen getting their pockets lined with the excess revenue need some jail time to set them straight.
 
Originally posted by: Modular
Meanwhile oil companies continue to post record profits. It must be a shortage in supply :roll:

****** oil execs and congressmen getting their pockets lined with the excess revenue need some jail time to set them straight.
Click to expand...

Actually their profits are at record levels because income is at record levels. Demand is going up. Profit margins aren't really going up much.

http://finance.yahoo.com/q/is?s=XOM&annual

And for those that don't understand the income statement, the real net profit is basically called "net income". Don't confuse it with gross profit.

If you want to blame people, blame the "war against terrorism" because it has caused instability in the middle east for oil production, and because it has made the USD even more worthless.

Also blame increased demand from China.
 
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