Oil is cheaper, why is gas still so high?

[boomerang]

Originally posted by: Tremulant

Originally posted by: CTrain

Originally posted by: Byte
You need to realize that greed drives everyone. Singles Gas stations gross BILLIONS in a year. The Saudi's charge $100 ish for a barrel of oil, which costs about $2 to produce. Why lower prices when you can continue to build 2 mil high skyscrapers?

Hate to tell you but gas stations are not profiting like the oil companies are.
These stations are always having to keep prices down to compete with other gas stations.
Its a known fact that gas stations make their money from the convience food/stuff they sell instore.
In fact alot of gas stations were losing money when gas prices were >$4 because people weren't buying anything after filling up.

This is the truth.

My father owns 4 gas stations and for a while he was either breaking even or losing money on each gallon that was sold. Lately he's been making a few cents per gallon.

Also, gas stations make their money from the in-store sales. The gas is simply the means to get them to go into the store.

Allright. We've got an 'insider' in the post. I've got a question. One I've wanted to know the answer to for a long time.

When all the gas stations get 'the call', who makes that call. They all raise their prices in unison. The kid at the local station says the owner calls him and tells him when to raise prices. From whom does the call to the gas station owner come from? It's called collusion, or price fixing, which is illegal. Who's the mastermind behind it all?

 

[JS80]

Originally posted by: LegendKiller

Originally posted by: JDub02

Originally posted by: Dulanic
Simple, refineries are still recovering and gas is in limited supply currently.

Yep. And gas is getting cheaper. The price stays the same/drops a little, while inflation runs rampant and the dollar collapses.

Gas is dropping, it can lead or lag oil, depending on the futures contracts purchased.

Inflation isn't "running rampant", nor is the dollar "collapsing". If anything, inflation is being tempered and the dollar has had huge gains against world currencies.

Ugh how dare you present facts and data to an AT thread.

 

[JS80]

Originally posted by: Capt Caveman

Originally posted by: Tremulant

Originally posted by: CTrain

Originally posted by: Byte
You need to realize that greed drives everyone. Singles Gas stations gross BILLIONS in a year. The Saudi's charge $100 ish for a barrel of oil, which costs about $2 to produce. Why lower prices when you can continue to build 2 mil high skyscrapers?

Hate to tell you but gas stations are not profiting like the oil companies are.
These stations are always having to keep prices down to compete with other gas stations.
Its a known fact that gas stations make their money from the convience food/stuff they sell instore.
In fact alot of gas stations were losing money when gas prices were >$4 because people weren't buying anything after filling up.

This is the truth.

My father owns 4 gas stations and for a while he was either breaking even or losing money on each gallon that was sold. Lately he's been making a few cents per gallon.

Also, gas stations make their money from the in-store sales. The gas is simply the means to get them to go into the store.

Correct. A number of gas stations have gone out of business due to the rise in gas prices.

My uncle's gas station has not made a profit the last 10 years.

 

[zoiks]

Originally posted by: JS80

Originally posted by: Capt Caveman

Originally posted by: Tremulant

Originally posted by: CTrain

Originally posted by: Byte
You need to realize that greed drives everyone. Singles Gas stations gross BILLIONS in a year. The Saudi's charge $100 ish for a barrel of oil, which costs about $2 to produce. Why lower prices when you can continue to build 2 mil high skyscrapers?

Hate to tell you but gas stations are not profiting like the oil companies are.
These stations are always having to keep prices down to compete with other gas stations.
Its a known fact that gas stations make their money from the convience food/stuff they sell instore.
In fact alot of gas stations were losing money when gas prices were >$4 because people weren't buying anything after filling up.

This is the truth.

My father owns 4 gas stations and for a while he was either breaking even or losing money on each gallon that was sold. Lately he's been making a few cents per gallon.

Also, gas stations make their money from the in-store sales. The gas is simply the means to get them to go into the store.

Correct. A number of gas stations have gone out of business due to the rise in gas prices.

My uncle's gas station has not made a profit the last 10 years.

Sucks to be him then. Why is he in that business if can't make a profit?
The oil companies here in the US seem to be making killer profits.

 

[Jeff7181]

Originally posted by: JDub02

Originally posted by: Dulanic
Simple, refineries are still recovering and gas is in limited supply currently.

Yep. And gas is getting cheaper. The price stays the same/drops a little, while inflation runs rampant and the dollar collapses.

Hate to burst your bubble, but the US Dollar has gotten stronger over the past 4-5 months compared to almost every other world currency.

Mid-April .................................. Today
EUR/USD = ~1.56.................... ~1.36
GBP/USD = ~1.97.................... ~1.75
AUD/USD = ~0.95.................... ~0.72
USD/CAD = ~0.99................... ~ 1.10
USD/JPY = ~103....................... ~ 102

The Yen is the only currency that the US Dollar is not gaining strength against.

Oh... and in reference to the OP... the price per barrel of oil is crude oil. Crude is used to make various petroleum products, including heating oil. So just because the price of crude is dropping doesn't mean the price of gasoline will drop also, especially at a time of year like this when the production of heating oil will be increasing for the winter.

 

[rh71]

Originally posted by: zoiks

Originally posted by: JS80

Originally posted by: Capt Caveman

Originally posted by: Tremulant

Originally posted by: CTrain

Originally posted by: Byte
You need to realize that greed drives everyone. Singles Gas stations gross BILLIONS in a year. The Saudi's charge $100 ish for a barrel of oil, which costs about $2 to produce. Why lower prices when you can continue to build 2 mil high skyscrapers?

Hate to tell you but gas stations are not profiting like the oil companies are.
These stations are always having to keep prices down to compete with other gas stations.
Its a known fact that gas stations make their money from the convience food/stuff they sell instore.
In fact alot of gas stations were losing money when gas prices were >$4 because people weren't buying anything after filling up.

This is the truth.

My father owns 4 gas stations and for a while he was either breaking even or losing money on each gallon that was sold. Lately he's been making a few cents per gallon.

Also, gas stations make their money from the in-store sales. The gas is simply the means to get them to go into the store.

Correct. A number of gas stations have gone out of business due to the rise in gas prices.

My uncle's gas station has not made a profit the last 10 years.

Sucks to be him then. Why is he in that business if can't make a profit?
The oil companies here in the US seem to be making killer profits.

free gas? doh.

 

[JS80]

Originally posted by: zoiks

Originally posted by: JS80

Originally posted by: Capt Caveman

Originally posted by: Tremulant

Originally posted by: CTrain

Originally posted by: Byte
You need to realize that greed drives everyone. Singles Gas stations gross BILLIONS in a year. The Saudi's charge $100 ish for a barrel of oil, which costs about $2 to produce. Why lower prices when you can continue to build 2 mil high skyscrapers?

Hate to tell you but gas stations are not profiting like the oil companies are.
These stations are always having to keep prices down to compete with other gas stations.
Its a known fact that gas stations make their money from the convience food/stuff they sell instore.
In fact alot of gas stations were losing money when gas prices were >$4 because people weren't buying anything after filling up.

This is the truth.

My father owns 4 gas stations and for a while he was either breaking even or losing money on each gallon that was sold. Lately he's been making a few cents per gallon.

Also, gas stations make their money from the in-store sales. The gas is simply the means to get them to go into the store.

Correct. A number of gas stations have gone out of business due to the rise in gas prices.

My uncle's gas station has not made a profit the last 10 years.

Sucks to be him then. Why is he in that business if can't make a profit?
The oil companies here in the US seem to be making killer profits.

Oil companies may be killing it but many gas station owners don't make a dime. It's one of his portfolio of businesses and he's put it up for sale for a while with no takers so far. He is looking to get out of it.

 

[IceBergSLiM]

welcome to inflation?

 

[lokiju]

Here in Atlanta it's still been high but that's been more due to the shortages we've been having.

Now that the shortages are starting to go away I've been seeing it drop by 50 cents a gallon in some areas.

 

[Sureshot324]

It has come down a lot in Ontario. Down to about $1.07/L from $1.35/L

 

[Arkaign]

Originally posted by: JS80
Oil companies may be killing it but many gas station owners don't make a dime. It's one of his portfolio of businesses and he's put it up for sale for a while with no takers so far. He is looking to get out of it.

Sounds like we should use government force to share profits with station owners. Fucking ridiculous to pay CEO's hundreds of billions while the guys running the stores for their product lose their shirts.

 

[boomerang]

Originally posted by: JS80

Originally posted by: Capt Caveman

Originally posted by: Tremulant

Originally posted by: CTrain

Originally posted by: Byte
You need to realize that greed drives everyone. Singles Gas stations gross BILLIONS in a year. The Saudi's charge $100 ish for a barrel of oil, which costs about $2 to produce. Why lower prices when you can continue to build 2 mil high skyscrapers?

Hate to tell you but gas stations are not profiting like the oil companies are.
These stations are always having to keep prices down to compete with other gas stations.
Its a known fact that gas stations make their money from the convience food/stuff they sell instore.
In fact alot of gas stations were losing money when gas prices were >$4 because people weren't buying anything after filling up.

This is the truth.

My father owns 4 gas stations and for a while he was either breaking even or losing money on each gallon that was sold. Lately he's been making a few cents per gallon.

Also, gas stations make their money from the in-store sales. The gas is simply the means to get them to go into the store.

Correct. A number of gas stations have gone out of business due to the rise in gas prices.

My uncle's gas station has not made a profit the last 10 years.

Psssst! If you don't make a 'profit', you don't have to pay taxes. No business survives for ten years without making a profit. It's illegal under IRS regulations. You can go a maximum of 5 years. Then you have to pay the piper.

Amazing stories in here.

This gas station owners aren't making any money is getting old. Why or how do they stay in business? For the greater good of all mankind? Reality check in aisle three please!

 

[PepePeru]

so since gas prices have dropped, will food prices follow?

 

[JS80]

Originally posted by: boomerang

Originally posted by: JS80

Originally posted by: Capt Caveman

Originally posted by: Tremulant

Originally posted by: CTrain

Originally posted by: Byte
You need to realize that greed drives everyone. Singles Gas stations gross BILLIONS in a year. The Saudi's charge $100 ish for a barrel of oil, which costs about $2 to produce. Why lower prices when you can continue to build 2 mil high skyscrapers?

Hate to tell you but gas stations are not profiting like the oil companies are.
These stations are always having to keep prices down to compete with other gas stations.
Its a known fact that gas stations make their money from the convience food/stuff they sell instore.
In fact alot of gas stations were losing money when gas prices were >$4 because people weren't buying anything after filling up.

This is the truth.

My father owns 4 gas stations and for a while he was either breaking even or losing money on each gallon that was sold. Lately he's been making a few cents per gallon.

Also, gas stations make their money from the in-store sales. The gas is simply the means to get them to go into the store.

Correct. A number of gas stations have gone out of business due to the rise in gas prices.

My uncle's gas station has not made a profit the last 10 years.

Psssst! If you don't make a 'profit', you don't have to pay taxes. No business survives for ten years without making a profit. It's illegal under IRS regulations. You can go a maximum of 5 years. Then you have to pay the piper.

Amazing stories in here.

This gas station owners aren't making any money is getting old. Why or how do they stay in business? For the greater good of all mankind? Reality check in aisle three please!

lol what country do you live in?

 

[WaTaGuMp]

Originally posted by: DisgruntledVirus

Originally posted by: HardcoreRobot
gas would be a lot cheaper with less taxes

But how would we be able to afford a 700 bn bailout with less taxation?

Oh wait we can't afford that right now anyways....

Something tells me not going to war might of saved some money that could of been used for something better.

 

[AMCRambler]

Lowest I've seen in a while was $3.35 for regular. Got that over in Boston on Sunday. When we got back though I think that's about what it's running here in NY. My car takes the good stuff and I think I paid 3.74 when I filled up Sunday night.

 

[zoiks]

Originally posted by: WaTaGuMp

Originally posted by: DisgruntledVirus

Originally posted by: HardcoreRobot
gas would be a lot cheaper with less taxes

But how would we be able to afford a 700 bn bailout with less taxation?

Oh wait we can't afford that right now anyways....

Something tells me not going to war might of saved some money that could of been used for something better.

I absolutely agree. The US used be instrumental in ventures that involved risk such as building infrastructure, bridges etc. We've fallen behind in pretty much every category and I imagine it's not that we're not creative or imaginative but that we don't have any money for anything. We're living on 50's technology in most areas. Heck when we had the energy crisis in California, the generators that we were using were 30 years old and antiquated. It seems that currently, we only embark on projects and ventures only if we absolutely need to or if something bites us in the ass compelling us to.
Most of the inspiration in the US comes not from the government but from the private sector. But even private companies only have only so much money to spend on large projects . Our government is more interested in building warplanes or expensive weapons and pretty much fuels all the wars so there's little money left over.

 

[brandonbull]

Originally posted by: zoiks

Originally posted by: WaTaGuMp

Originally posted by: DisgruntledVirus

Originally posted by: HardcoreRobot
gas would be a lot cheaper with less taxes

But how would we be able to afford a 700 bn bailout with less taxation?

Oh wait we can't afford that right now anyways....

Something tells me not going to war might of saved some money that could of been used for something better.

I absolutely agree. The US used be instrumental in ventures that involved risk such as building infrastructure, bridges etc. We've fallen behind in pretty much every category and I imagine it's not that we're not creative or imaginative but that we don't have any money for anything. We're living on 50's technology in most areas. Heck when we had the energy crisis in California, the generators that we were using were 30 years old and antiquated. It seems that currently, we only embark on projects and ventures only if we absolutely need to or if something bites us in the ass compelling us to.
Most of the inspiration in the US comes not from the government but from the private sector. But even private companies only have only so much money to spend on large projects . Our government is more interested in building warplanes or expensive weapons and pretty much fuels all the wars so there's little money left over.

That's what happens when your country really doesn't generate anything...except for a massive debt. We are just inventing wealth and when we need to purchase something it's borrowed money.

The taxpayers are going to buy/bail the banks out by purchasing the assets and then one day hope we can sell those assets back to ourselves for more money. Nice way to invent wealth inside the US borders. To bad we are sending trillions to the ME and China.

 

[CTrain]

Originally posted by: boomerang

Originally posted by: JS80

Originally posted by: Capt Caveman

Originally posted by: Tremulant

Originally posted by: CTrain

Originally posted by: Byte
You need to realize that greed drives everyone. Singles Gas stations gross BILLIONS in a year. The Saudi's charge $100 ish for a barrel of oil, which costs about $2 to produce. Why lower prices when you can continue to build 2 mil high skyscrapers?

Hate to tell you but gas stations are not profiting like the oil companies are.
These stations are always having to keep prices down to compete with other gas stations.
Its a known fact that gas stations make their money from the convience food/stuff they sell instore.
In fact alot of gas stations were losing money when gas prices were >$4 because people weren't buying anything after filling up.

This is the truth.

My father owns 4 gas stations and for a while he was either breaking even or losing money on each gallon that was sold. Lately he's been making a few cents per gallon.

Also, gas stations make their money from the in-store sales. The gas is simply the means to get them to go into the store.

Correct. A number of gas stations have gone out of business due to the rise in gas prices.

My uncle's gas station has not made a profit the last 10 years.

Psssst! If you don't make a 'profit', you don't have to pay taxes. No business survives for ten years without making a profit. It's illegal under IRS regulations. You can go a maximum of 5 years. Then you have to pay the piper.

Amazing stories in here.

This gas station owners aren't making any money is getting old. Why or how do they stay in business? For the greater good of all mankind? Reality check in aisle three please!

Nobody said ALL gas stations weren't making money.
I stated that alot of gas station aren't making money because somebody said gas stations are making billion of dollars.

And how does your logic of "people are still building gas stations so they must be making money" ??
It has no correlation.
There are McDonalds that loses money, but people are still building stores.
90% of all restaurants fail within the first year, yet people are opening new restaurants every year.
The point is, gas stations are not profiting like the oil companies are.
Sure you can do well owning gas stations but its like alot other business.
Some make money, some don't.
Higher gas prices do not equal insane profits for the gas stations.