gas prices spiking in california
10-05-12, 08:58 AM
#31
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http://news.yahoo.com/oil-slips-post...053718613.html
Price per barrel falls, price at the pump continues on up.
We can rest assured that when gas goes up in 24 hours by 10's of percents, it takes weeks to fall, back to where it was-if it ever does.
This is so much crap, oil companies have us by the ***** and there is nothing we can do about it.
Going to take the motorcycle out today, that will teach those bastard oil companies a lesson!
Machog
Price per barrel falls, price at the pump continues on up.
We can rest assured that when gas goes up in 24 hours by 10's of percents, it takes weeks to fall, back to where it was-if it ever does.
This is so much crap, oil companies have us by the ***** and there is nothing we can do about it.
Going to take the motorcycle out today, that will teach those bastard oil companies a lesson!
Machog
10-05-12, 09:04 AM
#32
http://news.yahoo.com/oil-slips-post...053718613.html
Price per barrel falls, price at the pump continues on up.
We can rest assured that when gas goes up in 24 hours by 10's of percents, it takes weeks to fall, back to where it was-if it ever does.
This is so much crap, oil companies have us by the ***** and there is nothing we can do about it.
Going to take the motorcycle out today, that will teach those bastard oil companies a lesson!
Machog
Price per barrel falls, price at the pump continues on up.
We can rest assured that when gas goes up in 24 hours by 10's of percents, it takes weeks to fall, back to where it was-if it ever does.
This is so much crap, oil companies have us by the ***** and there is nothing we can do about it.
Going to take the motorcycle out today, that will teach those bastard oil companies a lesson!
Machog
10-05-12, 10:49 AM
#37
Lexus Fanatic
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iTrader: (20)
10-05-12, 11:28 AM
#38
Lexus Champion
meanwhile in Calabasas, CA....
http://www.contracostatimes.com/cali...northridge-and
Last edited by bagwell; 10-05-12 at 11:46 AM.
10-05-12, 11:59 AM
#39
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I not feeling good seeing such thing happen. If it happen in CA, the same thing could happens anywhere in the US. I just hope that this situation is just temporary, usually the gas price will drops quite a bit around election time. This price went up, a lot, like this due to some mishap at refineries is kind of weird.
10-05-12, 01:15 PM
#40
Lexus Test Driver
[QUOTE=bitkahuna
lol. again, read the story. the gas stations buy the gas. they sell as whatever price they have to. so if gas went up over night that would affect the next incoming shipment. gas stations might increase price ahead of the next shipment either due to concerns about availability or worry about the next price (they don't know i don't believe until they get it) in a sort of hedge. this isn't the grand conspiracy you believe it is.
.[/QUOTE]
Yesterday, gas prices at my local station went up three times. They had no new deliveries during this period. That means the fuel in their tanks was bought at the original lower price, but sold at the higher price. Someone is taking in extra profits somewhere via that process. That is double-dipping, and how oil companies have done it for years now.
Even worse, there will be ten increases in price for a particular shortage rumor (not a real shortage), but ony two decreases in price once the rumor is gone. End result, a higher constant price that never goes back down to where it was before the rumor started. This is great for setting up a new longterm high price that we get used to and are supposed to accept.
lol. again, read the story. the gas stations buy the gas. they sell as whatever price they have to. so if gas went up over night that would affect the next incoming shipment. gas stations might increase price ahead of the next shipment either due to concerns about availability or worry about the next price (they don't know i don't believe until they get it) in a sort of hedge. this isn't the grand conspiracy you believe it is.
.[/QUOTE]
Yesterday, gas prices at my local station went up three times. They had no new deliveries during this period. That means the fuel in their tanks was bought at the original lower price, but sold at the higher price. Someone is taking in extra profits somewhere via that process. That is double-dipping, and how oil companies have done it for years now.
Even worse, there will be ten increases in price for a particular shortage rumor (not a real shortage), but ony two decreases in price once the rumor is gone. End result, a higher constant price that never goes back down to where it was before the rumor started. This is great for setting up a new longterm high price that we get used to and are supposed to accept.
10-05-12, 04:24 PM
#42
Super Moderator
Ehm, 5 out of top 10 global most profitable companies are gas companies.
Petrol industry is #1 profitable industry in the world, a lot bigger than anything else.
So what exactly are you saying again?
http://money.cnn.com/magazines/fortu...anies/profits/
Petrol industry is #1 profitable industry in the world, a lot bigger than anything else.
So what exactly are you saying again?
http://money.cnn.com/magazines/fortu...anies/profits/
Put this in perspective--the most profitable of all the oil companies, Exxon Mobil, made 41B in profit off of 453B in revenue, or 9%. Ford's profit margin is nearly double this, Intel's, Apple's and Google's are nearly triple, and I don't see you decrying them. So obviously profit margin isn't the thing you're upset about (now that it's been shown to be lower than most other industries), its size (revenue). So how big is too big? At what size does a company automatically become evil?
10-05-12, 04:39 PM
#43
You said it, not me. So let me get this straight. First they're evil because their profit margin is too high, despite being lower than many other revered businesses. Or if that's not right, they're evil because they're large. So how big is a company permitted to be in your world before it becomes evil? Because it seems you have NO problem with the other companies on that list that make similar or more profit off of substantially LESS revenue.
Put this in perspective--the most profitable of all the oil companies, Exxon Mobil, made 41B in profit off of 453B in revenue, or 9%. Ford's profit margin is nearly double this, Intel's, Apple's and Google's are nearly triple, and I don't see you decrying them. So obviously profit margin isn't the thing you're upset about (now that it's been shown to be lower than most other industries), its size (revenue). So how big is too big? At what size does a company automatically become evil?
Put this in perspective--the most profitable of all the oil companies, Exxon Mobil, made 41B in profit off of 453B in revenue, or 9%. Ford's profit margin is nearly double this, Intel's, Apple's and Google's are nearly triple, and I don't see you decrying them. So obviously profit margin isn't the thing you're upset about (now that it's been shown to be lower than most other industries), its size (revenue). So how big is too big? At what size does a company automatically become evil?
EVERY BIG OIL company makes HUGE PROFITS:
OIL AS AN INDUSTRY IS MOST PROFITABLE OF THEM ALL.
Lets put it this way - Ford made a lot of money last year, they will make 4x less this year. For every Volkswagen in car industry, there is Mitsibushi and Mazda that lose money.
For every Google, there is Yahoo.
For every Microsoft, there are thousands of failed startups.
But no, every oil company makes huge profits.
As an industry, they are THE most profitable industry of them all.
And they sell commodity.
10-05-12, 05:26 PM
#44
this thing is not the oil companies fault, its californias loony *** laws that require some proprietary fuel blend that no other state makes. Guess what happens when the local refineries have trouble. Cali's own laws get in the way of efficiently supplying that state of gasoline. You know whats funny other states are able to help supply California but they are not allowed to sell their gas in Cali because they dont have the special blend. LOL what a joke
10-05-12, 05:28 PM
#45
Lexus Champion
Ok so producers and distributors of products can't be compared because they're not the same product, and other types of business can't be compared because they're not the same business. I give up. Oil companies can only be compared to oil companies (benchmarking is apparently a humungous waste of time for all businesses, yet some of the most successful for some reason keep doing it), and their profits are excessive if someone on the internet deems them so.
why don't you compare them to power co's or electricity providers?