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What Are You Paying For Regular Gas These Days?

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Old 03-25-2008, 03:27 PM   #61  
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Usama Bin Laden once stated that they will fight the war against
America on all fronts including economic.

He also said that America should be paying $100 for a barrel
(the little-bitty OPEC-standard 42/USAgallon barrel) of oil.

He won !

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Old 03-25-2008, 07:54 PM   #62  
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Quote:
Originally Posted by scootski View Post
Usama Bin Laden once stated that they will fight the war against
America on all fronts including economic.

He also said that America should be paying $100 for a barrel
(the little-bitty OPEC-standard 42/USAgallon barrel) of oil.

He won !

That SOB has nothing to do with this, as it isn't just Americans paying $100 per barrel. The Euros, Asians, and everyone else around the world is paying it too. It's simply called supply and demand. We know that Al Gore claimed to have invented the internet, and now seems to think he invented global warming, but old Bin thinking he invented the laws of economics? The only problem is that OPEC fixes pricing by fixing the quantity they choose to supply.
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Old 03-25-2008, 08:35 PM   #63  
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That SOB has nothing to do with this, as it isn't just Americans paying $100 per barrel. The Euros, Asians, and everyone else around the world is paying it too. It's simply called supply and demand. We know that Al Gore claimed to have invented the internet, and now seems to think he invented global warming, but old Bin thinking he invented the laws of economics? The only problem is that OPEC fixes pricing by fixing the quantity they choose to supply.
Don't you think some members of OPEC tend to side with
bin Laden's greater caliphate (Worldwide caliphate domination) beliefs ?

I do...
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Old 03-25-2008, 09:47 PM   #64  
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Now up to $3.33 for regular
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Old 03-26-2008, 08:16 AM   #65  
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Now up to $3.33 for regular
just wait until 4th July... you ain't seen nuttin yet...
Vacation Season (if there really is such a thing)...
it will go through the roof.

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Old 03-26-2008, 02:58 PM   #66  
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Default AAA DAILY Gas Prices

http://www.fuelgaugereport.com/
The AAA DAILY Gas Prices link.

Then... laugh all you want, but go to:
http://scootski.koolhost.com/

IF you check out the entire website, you
won't be laughing anymore...
It's called: "Getting 100 MPG of gas".
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Old 03-26-2008, 03:05 PM   #67  
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Can somebody please explain something to me? How come gas prices increase due to supply/demand issues, but the oil companies still make record profits? Shouldn't the two coincide with each other? I mean, if they are paying more to get the oil, then why aren't their profits more consistent?

One other thing, the supply/demand of gas is really not going to change, is it? We all need the fuel, so whether it's $1.50 a gallon or $3.75 a gallon, we still need to use the same amount.

I just don't get it.
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Old 03-26-2008, 03:18 PM   #68  
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Percentagewise, their profits are probably staying consistent. For example, a 10 percent profit on $50.00 is $5 (Buy for $50, sell for $55) while a 10 percent profit on $100.00 is $10 (Buy for $100, sell for $110). What people see is profits in the multi billions, not a percentage.

And I agree that the demand of gas isn't going to change, unless more cities build mass transit (and people use it) or people start walking or buying more fuel efficient vehicles (I'm not planning on doing either at this time).

However, the supply is changing all the time, that's part of why oil costs more. Another big reason is that the value of the dollar has fallen so much OPEC charges more to get the same amount when the currency is exchanged. I personally think it's cyclical and the dollar WILL come back in value, we're just on the downside now.

Just my opinion.
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Old 03-26-2008, 03:19 PM   #69  
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Originally Posted by scootski View Post
IF you check out the entire website, you
won't be laughing anymore...
It's called: "Getting 100 MPG of gas".
I went to the site.. I laughed Pretty funny intro.

I can also laugh since I drive a Prius. Me and the wife go to VT regularly and get about 42-44mpg our way up there.
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Old 03-26-2008, 03:22 PM   #70  
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Originally Posted by SOBAY310 View Post
Can somebody please explain something to me? How come gas prices increase due to supply/demand issues, but the oil companies still make record profits? Shouldn't the two coincide with each other? I mean, if they are paying more to get the oil, then why aren't their profits more consistent?

One other thing, the supply/demand of gas is really not going to change, is it? We all need the fuel, so whether it's $1.50 a gallon or $3.75 a gallon, we still need to use the same amount.

I just don't get it.
Make 2 cents per gallon and sell a few billion gallons and you'll make a few billion dollars. Its as simply as that. They don't make a lot per gallon, but they sell so much, it turns into a lot of money.

And supply/demand does change. While many new buyers are buying more fuel efficient vehicles, there are still a lot of vehicles out there that take LOTS of fuel. In addition, population is growing and people are moving further away from the bigger cities.

And around my area, the further away you go, the more likely you are going to need to drive since public transportation sucks.
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Old 03-26-2008, 03:33 PM   #71  
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Don't you think some members of OPEC tend to side with
bin Laden's greater caliphate (Worldwide caliphate domination) beliefs ?

I do...
No, they love the good life a little too much to be wasting their time on some loonie's Jihad. They know their lot in life, and use it to maximize their profits. It is literally liquid gold, and they have some top knotch economists working to make sure they maximize profits. Hugo Chavez himself hired a few, including one Oxford graduate a while ago. If they were more interested in a Jihad and in screwing economic interests of the rest of the world, they could simply cut production in half and screw the economy over. Right now, I believe they are trying to strike a fine balance. They want to keep oil prices high enough to make maximum profit, but not too high that alternative fuel sources and research starts becoming profitable. One of the greatest blessings that we could have is if OPEC could fall apart like it has twice in it's history, which resulted in oil prices hitting record lows.
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Old 03-26-2008, 03:45 PM   #72  
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You have basically hit the nail on the head. In 2002, the oil companies were making about 9% profit on each gallon of fuel sold, while government taxes on fuel were higher than that. They arn't making huge margins and make some of the lowest margins of any industry, but they make it up by selling a LOT of volume of it.

The interesting thing is that we are now at a point where we no longer have any additional refining capacity. Even right now, recent reports show that the refineries are already near their limits at 98-99% capacity. We havn't even hit peak driving season yet, and diesel is already at $4.09 a gallon in Cincy, with petrol starting at $3.27 a gallon. While we start looking for alternative methods of producing fuel, we desperately need additional refining capacity right now, because this refining limit has introduced a kink in the supply side. Basically, it means that supply is extremely inelastic, which means that even a small shift in demand causes HUGE changes in prices. This is why come Memorial day, prices typically take a huge jump even though demand increased by a relatively small amount. This is why when that refinery in Texas blew up several weeks ago, prices immediately took a HUGE jump even though we only lost a small percentage of refining capacity. What is going to happen is that we may reach a point where the oil companies will be able to start making huge margins along with selling a huge volume as prices will increase exponentially once we hit that kink in the supply curve. Alternative fuel research and conservation are long term goals, but we need additional refining capacity NOW to last us until we have come upwith a solution.

The oil companies are not really willing to build new refineries because they can take several years to a decade to build, along with the fact that finding a location is tough since noone wants it in their backyard. By then, oil prices could shift up high enough to make it unprofitable, or it might not be needed if the public radically shifts their consumption patterns by then. Not only that, but building an additional refinery would also increase operating costs, and the additional quantity refined would lower their margins.

Quote:
Originally Posted by mshulman View Post
Make 2 cents per gallon and sell a few billion gallons and you'll make a few billion dollars. Its as simply as that. They don't make a lot per gallon, but they sell so much, it turns into a lot of money.

And supply/demand does change. While many new buyers are buying more fuel efficient vehicles, there are still a lot of vehicles out there that take LOTS of fuel. In addition, population is growing and people are moving further away from the bigger cities.

And around my area, the further away you go, the more likely you are going to need to drive since public transportation sucks.
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Old 03-26-2008, 07:23 PM   #73  
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Originally Posted by SOBAY310 View Post
Can somebody please explain something to me? How come gas prices increase due to supply/demand issues, but the oil companies still make record profits? Shouldn't the two coincide with each other? I mean, if they are paying more to get the oil, then why aren't their profits more consistent?

One other thing, the supply/demand of gas is really not going to change, is it? We all need the fuel, so whether it's $1.50 a gallon or $3.75 a gallon, we still need to use the same amount.

I just don't get it.
Hell, i'm just a commoner... i tried to understand the mess
but get lost... because every day there is a NEW excuse for the
high prices...
I heard today on TV that diesel fuel which today is OVER
$4 for one measly gallon... the demand will RISE NEXT YEAR
by 2.5-times for diesel....
which means....
the cost for ANYTHING WILL SKYROCKET by this time next
year... and that means FOOD too.... ANY PRODUCT that
uses diesel in ANY PHASE of its movement or harvesting or
manufacturing will cost a arm & leg by this time next year.

It's like a 'free for all' in the fuel/oil World. It sux.

Glad i'm retired... i'll just sit back watch it come tumbling
down i guess...
This country should NOT be a situation like that.

We are truly captives by O I L .

It definitely is not going to improve. It can't.
It can and will only get worse.

It is shameful.

My advice, buy a little 50cc Scooter or MoPed...
It just feels so darn nice to only buy 0.8 gallon of
cheap gas a week.... it just feels GOOD.

Last edited by scootski; 03-26-2008 at 07:30 PM..
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Old 03-26-2008, 08:51 PM   #74  
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My local pizzaeria now has an attachment to the front of the menu:

"Due to rising costs all prices are immediately increased by 10%"

My local bakery raised a 1 lb loaf of rye bread from $1.95 to $2.75 - rising costs given as reason

My local supermarket raised the price of it's store brand soda - 1 liter - from $.50 to $.69 - cost of doing business has gone up. The $.99 white bread (again store brand) is now $1.09

Last year I paid $100 to get my taxes done - this year same place same amount of time in the office - $117

But my income has not risen to meet these rising costs.
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Old 03-26-2008, 10:47 PM   #75  
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Quote:
Originally Posted by Lee Stewart View Post
My local pizzaeria now has an attachment to the front of the menu:

"Due to rising costs all prices are immediately increased by 10%"

My local bakery raised a 1 lb loaf of rye bread from $1.95 to $2.75 - rising costs given as reason

My local supermarket raised the price of it's store brand soda - 1 liter - from $.50 to $.69 - cost of doing business has gone up. The $.99 white bread (again store brand) is now $1.09

Last year I paid $100 to get my taxes done - this year same place same amount of time in the office - $117

But my income has not risen to meet these rising costs.
No end in sight for the rising food cost. With this ethanol nonsense driving grain prices up in order to product enough fuel to do nothing with. For every 1.3 units you produce you have to put 1 unit into the production. When you add in the added fuel used to grow the extra crops and drive around the grain and ethanol, we probably are actually using more oil than if we did away with the ethanol altogether. In summary, we are likely using more oil and certainly using more grain. The only winners are the ones producing oil, grain, and ethanol, oh and the idiots promoting this scam. Everyone else =
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