Oil Drop

awspence said:
But what about all the extra profits made when you have a full 10k gallons before the price rises. That offsets the cost of "losing" money when the price is on the way back down. Don't get me wrong, I know people have to make money, but I don't like how that works at all.
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Yeah, but who's to say you've got a full tank when the price rises? Independent filling stations make their money on volume. Their markup on a gallon is only a couple of cents. Sometimes they get lucky, sometimes they lose money... just like any other business.
 
I am talking about the long term. They might lose money sometimes, they might make a lot extra others. If they didn't have a full tank when the prices rose, they would increase their prices at the pump to the same level as those other stations with full tanks. They would still make a profit, just not as much as the other guy who is raking it in.
 
awspence said:
I am talking about the long term. They might lose money sometimes, they might make a lot extra others. If they didn't have a full tank when the prices rose, they would increase their prices at the pump to the same level as those other stations with full tanks. They would still make a profit, just not as much as the other guy who is raking it in.
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Do you even read your own arguments? "They might make money sometimes, they might lose money sometimes. But when they make money, I have a real problem with that."

If it's that big a deal, pack your shit and move to Mexico, Venezuela, Argentina, Saudi Arabia, or any number of other countries where the fuel companies are socialized and you don't have to worry your pretty little head over how much money they're making.
 
BigRedB2 said:
can you name a plastic part in your engine?
the only thing i can think if is a water impeller for a volkswagon jetta.
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Take a look at anything made since about 1995. The intake manifolds, plenums, valley covers, valve covers, timing covers, chain tensioners, fuel injectors, fuel pumps, any number of other odds and ends are plastic or have major plastic components nowadays. A bunch of those have fuel running through them. What effect ethanol has on any of it, I can't say.
 
I'm just saying, they should be as quick to drop it down as they are to raise it up. I know it wont happen, because there is money to be made.
 
I price of fuel is NOT a direct correlation to oil prices.
 
Pump price breakdown.
 

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By barrel
 

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Dang...busting out the charts and everything. :lol:
 
farmboy said:
Dang...busting out the charts and everything. :lol:
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Hey, I am just a chart kind of guy.:lol:

Doing the math, I figure gas at the station local to me that was charging $4.12/gallon should now be charging $3.41/gallon. Thay are actually charging $3.65, but it has been steadily dropping. They are severely gouging on their diesel though at $4.59 because it can be found for $4.09 less than 10 miles down the road.
 
lol. the market didnt like it apparently. A barrel of oil shot up to $118.00 this morning.
 
$121.00 a barrel. Here we go for another ride. Hope you filled up the burban andrew!
 
yeah, i dont want this to go political so please dont go there, but with both names on the republican ticket saying "drill drill drill" and one coming from ALASKA and still saying and then T. Boone Pickens saying that he thinks we need to "drill drill drill" until his plan comes online, the oil market is thinking that if McCain wins there will be plenty of oil.

The situation in georgia seems to be cooling off atleast to the point to where the flow of natural gas and oil is not threatened.

i heard that in the weeks prior to shutting down the oil rigs in the gulf stepped up production so that american needs will be meet while they are offline. i cant find anything on the net to verify that but an oil rep said that in an interview a few days ago on television.
 
106 today. lets hope it continues to fall despite these other storms.
 
i know its not a big drop, but its down to $105. getting much closer to that magic "under a hundred" number.

and thats despite hurricanes in the gulf. people diverting their money elsewhere on wall street due to the fanny mae buy out is helping alot too.
 
the majority of gas stations around Lexington are $3.60 for regular. been that way for a couple weeks now. like someone stated before, we'll never see it back under $3/gal. then it'll go up to over $4 and we'll get used to it and it'll never drop below that.
 
I'm not so sure of that. here in winston it's been between $3.39-3.45. and that was when oil was $111.00 a barrel.

The hurricane season is over in 81 days and the summer driving season is ending soon. The demand for gasoline is going to go down. Iraq's oil infrastructure is coming online and moving oil into the market. Saudi Arabia is a higher output than Opec allows (despite the media's biased against the saudi's they are on our side).

Every day we slide closer to oil being near $100.00 a barrel. With Shale oil becoming more popular and Palin/McCain pushing the drill now policies things are looking good for the price of oil to come way down in america.

We Won't see .97 Cents a gallon again, but $2.50 is not out of the question.
 
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