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Hurricane and gas prices

boborgera said:
Exactly, But most people will never get it, :banghead:
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Based on subsequent responses, it looks like you are correct. They just don't get it.

Here's another way of looking at it.

You are investing your money in a product with volatile pricing that is not controlled by you? If the retailer buys several thousands of dollars worth of product that subsequently drops in price, forcing the price down lower than what he has invested... he will get burned... big time! He cannot pass the increase along on the back end or he will not be competitive in the marketplace. He must price the product based on replacement cost or he won't be in business very long.

l
 
anybody ever watch Harley Davidison and the Marlboro Man and his reaction to the high fuel prices?

jumped 20¢ in 2 days here .. speculators.. gotta love 'em
 
I have a 5 gal can of gas that i keep in my barn , I bought it @325 a gal. To replace it now @375 a gal.
Some guy wanted to buy the 5 gal's and pay me @325 a gal.
If i charged him @375 a gal would i be price gouging, :dontknow:
I mean it's been setting in my tank at @325 a gal.
 
As I understand it, that fire at the refinery in Venezuela, is at the largest refinery in the world. Since the US imports at least 11% of the refined gasoline we use each day, that fire very likely is impacting what we pay at the pump. That along with about 78% of the oil platforms in the gulf being shut down due to the storm.

When you see the price of a barrel of crude oil (42 gallons per barrel), today it closed @ $96.06, that comes to about $2.29 a gallon of crude oil before the ship leaves the dock. It then has to be transported half way around the world to a refinery and eventually to a retailer near you & who knows how many stops in between. After the enormous investment, much of it at significant risk, the oil company has about a 7% return on their investment. When gasoline cost $0.25, that means they made a touch over 3-cents a gallon. Today, if a gallon costs $4.00 a gallon, that 7% works out to be about 28-cents. Oil companies make record profits because they make record investments. 7% of a trillion dollars is a lot more than 7% of a single dollar, but still only 7%.

We pay much more in taxes than we do in profits. But in our society, taxes are good and profits are evil...
 
Gas prices

Dizneyman said:
We need to do like they recently did in Europe, and all the trucks pulled over to the side of the road for a day. Amazingly enough, gas prices dropped.:banghead:
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That would be a good idea except you can not get two people to say today is Tuesday:roflblack::yes: let alone block the roads or pull over to the side of the roads:yes:
Just some food for thougt. If everybody took one day off from work with no pay, can you imagine how much money the government would lose.That is except Drs, nurses fireman and police. Then they would have to sit up and take notice.
 
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I live in South Louisiana. filled up my tanks in prep for hurricane and paid $3.73 for 87 and that's with the "no price gouging law" that is in effect for during hurricanes!


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boborgera: that is not what I am talking about. The guy on the farm can do anything he wants.

I am sick and tired of financing the speculators who play with our lives. I could care less if some market speculator looses his money on a bad commodity purchase. Why should we the public pay for their stupid, greedy mistakes.

The same thing happend in the stock market. The speculators took over and the people holding 401 k's etc lost over half the value of their retirement savings. The speculators took the bail out money, paid themselves bonuses, continue to live the high life, and the average person now wonders where their retirement is coming from. I'm going on 67 and have to work three jobs until I die I guess. Therefore, I don't have sympathy for thieves. I have yet to hear of any of these people going to jail.

PS. gas went up 11 cents a gallon here today. That must be some powerful hurricane.

You are I are going to continue to respectfully disagree on this one.
 
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Since I have to work this weekend when everyone is off I should get paid extra to cover the reduced supply of workers. Wait a min I am getting paid more!
 
Gas in the underground tanks was bought many moons ago. If the demand is there, then the price will remain. If the demand is not, then it will go down. JMHO

Chris
 
You guys have retirement plans?? :shocked:
I was too busy investing in food, shelter and clothing...
My plan is to die at my desk in a puddle of drool on the file of some customer who's always been a pain in the butt. I just can't decide who's gonna get that honor! :roflblack:
 
Gas prices yesterday jumped 39 cents at one station because of the storm. It is just starting to get bad here, wind is really blowing..
 
Gas Prices

granpa in Cincy said:
Took a ride this AM. In the morning I saw gas prices 3.59, 3.69, 3.79 on East side of Cincinnati.

One Kroger store had 3.25.

All that time, I didn't need gas.

Getting closer to home and about 1:30 PM I'm seeing 3.85, 3.89 and 3.99.

Shell took the cake at 4.01.

Didn't fill up yet. :gaah: :shocked: :banghead:
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Up here in Canada we are paying $1.25 - $1.30 a litre, there are 3.785 litres in a US gallon, that means we pay $4.92 a gallon!

Fell Better!


Dave ;)
 
$4.29 here this morning in upstate NY. $4.08 across Lake Champlain in Vermont. Those who live closer to a bridge, just drive to Vermont.
 
coz said:
i find it hilarious how everybody bitches about an extra 1.50 to fill the tank of their 30 THOUSAND DOLLAR TOY.:roflblack::roflblack::roflblack: Just park it for a week until gas comes back down:roflblack::roflblack::roflblack: or buy one less ice cream. This is the double gouge, hurricane and holiday weekend:banghead:
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:lecturef_smilie:For some of us, the :spyder2: isn't a $30K Toy, and due to financial constraints, some of us have made a great many sacrifices just to be able to have and enjoy a :spyder2: Being our only vehicle, parking it for a week is NOT an option:lecturef_smilie:
 
coz said:
i find it hilarious how everybody bitches about an extra 1.50 to fill the tank of their 30 THOUSAND DOLLAR TOY.:roflblack::roflblack::roflblack: Just park it for a week until gas comes back down:roflblack::roflblack::roflblack: or buy one less ice cream.
This is the double gouge, hurricane and holiday weekend:banghead:
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I am with Cyncy on this one, it is no longer a Toy, it is my only mode of transportation as I have cancelled insurance on my car and am currently selling it. Also, it was only 14k for my spyder, which is 6k less than my car was when I bought it. So overall, my spyder is more economical to drive than my car, and is less expensive, and my main mode of transportation. So, we are not all fun time only riders.
 
No complaining

My buddies in Israel are paying between $7 and $8 per gallon. Wy wife's family in Austria pay between $6.50 and $7 per gallon.

Those of you that are paying in the high $3 and $4 range are doing so because of your state taxes. Look at how much gas is in Georgia and south Carolina and you will see just how much you are paying in state taxes.
 
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