$4 a gallon coming tomorrow

[BoxsterCharlie]

Corrosion in an oil pipeline...does anyone see the irony here?

[Scottwax]

I don`t mean profits for their industry, but record profits for ANY industry throughout recorded history!!! What has happened to gas prices in the past 5 years is absurd.

If you look at their percentage of profits vs other industries, the ones you should really be mad at are banks and credit card companies. Oil company profit percentages are in line with most other industries. The profits seem so high compared to other companies because their gross is so much higher.



That isn`t to say they aren`t using the current situation to make more but banks are screwing us worse.

[Five Star]

what really sucks is the people that need to pay for gas with their credit cards just to drive to work.

If you look at their percentage of profits vs other industries, the ones you should really be mad at are banks and credit card companies. Oil company profit percentages are in line with most other industries. The profits seem so high compared to other companies because their gross is so much higher.



That isn`t to say they aren`t using the current situation to make more but banks are screwing us worse.

[velobard]

If you look at their percentage of profits vs other industries, the ones you should really be mad at are banks and credit card companies. Oil company profit percentages are in line with most other industries. The profits seem so high compared to other companies because their gross is so much higher.



That isn`t to say they aren`t using the current situation to make more but banks are screwing us worse.

Yeah, but as you said, oil companies deal in huge quantities.I was talking profits, not margins. Geez, don`t even get me started, I`m trying to stick to one rant per day! There`s plenty of stress to go around! :hairpull

[Scottwax]

Yeah, but as you said, oil companies deal in huge quantities.I was talking profits, not margins. Geez, don`t even get me started, I`m trying to stick to one rant per day! There`s plenty of stress to go around! :hairpull

I know you are talking profits but their margins are not out of line with other industries. The profits seem so high in comparison because of how much money they gross.

[gmblack3]

Still $2.95 today south of Atlanta. Same as before the pipeline "problem"

[ifoam]

2.92 here



can find it for 2.84 if you look

[imported_jaobrien6]

The gas station near work was $2.99 when I drove in this morning, and $3.09 when I drove home...



I can`t help but figure the prices go up so fast because someone claims that it could happen, then public hears it and comes to expect it. At that point, there`s no reason not to raise prices; people already expect it... It`s like a self-fulfilling prophecy. The question is, who starts the story in the first place?

[TGates]

The wholesale cost of gasoline went down .2 cents (that`s two tenths of a cent) per gallon today, while the wholesale cost of diesel fuel went up 2.25 cents. I am a whole saler of gasoline and diesel and I get to see first hand what the actual cost of gas at the terminal is where the gas trucks fill up. It`s amazing to watch the trends in the price as they change every day... sometimes as much as 9 cents per gallon, sometimes as little as 5 hundredths of a cent either way.



VALERO



Magellan-Scott VD CON 87 VD CON 89 VD CON 91 VD LSDL

06:00 PM CHANGE: - 0.20 - 0.20 - 0.20 + 2.25

08/08/06 PRICE: 252.45 258.95 266.45 275.15



This is exactly what I get every day at around 4:00 pm. You can see that the cost of gasoline straight out of the terminal is 2.5245 cents per gallon. Here in Kansas, there is a .45 cent state tax charged on every gallon of gas. The cost of gasoline that day is 2.9745 after the tax. The cost at the pump is 2.99 per gallon. Anyone who thinks the gas station owners are making any money here is grossly mistaken.



FYI, the tax on a gallon of diesel is .55 cents. 2.7515 + .55 = 3.3015. Ridiculous.

[Super]

People in China some want to drive cars! Do you know what this means? In Canada they just found the second largest oil field in the world and what I heard china has put large investments into it in, in the billions the dollars range. It’s all about supply & demand baby, as long has demand is high gas prices will be high. All these SUV’s and large trucks, years ago most people drive one car per family now it like 3 cars per family all these things don’t help gas prices at all! so that makes the freeways super crowded so we need to make are freeways much wider but that takes a lot of land to widen the freeways which that will take in the 200 billion dollar + range! Years ago America has put large amounts of investments into trains, that did not work people just don’t use trains.

So what is are President doing to make things better I have no ideal? I never did care for Bush because when he first got elected I knew we were going to have a war and a war we have. A war is good for the economy BUT in time it has to be paid for and guess who’s going to pay for it, your kids will. America needs leadership Bush is just screwing things up.

[BobD]

Time to get that scooter Josh!

[velobard]

In Canada they just found the second largest oil field in the world and what I heard china has put large investments into it in, in the billions the dollars range.

Ummm, that`s hardly a new discovery. My dad studied geology in college in the `50s and it was known about then. It`s just been considered too expensive to get the oil out of the ground and process it until oil prices reached their current levels. I don`t know about China`s investments there, but it sure wouldn`t surprise me. They know they`ll be needing the energy and they`re going to go where they can get it.

It’s all about supply & demand baby, as long has demand is high gas prices will be high. All these SUV’s and large trucks, years ago most people drive one car per family now it like 3 cars per family all these things don’t help gas prices at all!

I don`t know whether you have to shuffle a family around, but when I`ve been relegated to one car for whatever reason, I wind up using a lot more gas to use that one vehicle to get everywhere they need to be. When you have a family it`s common to have people that need to be more than one place at a time. Like this morning, my car`s getting painted, so I had to drive my wife to work, then head the opposite direction to work, then tonight I`ll go home, then when her longer shift is over I`ll have to make another round trip to her work to pick her up. Public transportation won`t accomodate out transporation needs, either.

... so that makes the freeways super crowded so we need to make are freeways much wider but that takes a lot of land to widen the freeways which that will take in the 200 billion dollar + range! Years ago America has put large amounts of investments into trains, that did not work people just don’t use trains.

No, most folks never ride on a train anymore (I haven`t done it since I was 2), but everyone uses stuff that`s been transported by train. The rail system is a vital and very efficient part of the transportation system to get goods around the country. If anything, our rail system could stand to be expanded to take some of the load off the highways.

So what is are President doing to make things better I have no ideal? I never did care for Bush because when he first got elected I knew we were going to have a war and a war we have. A war is good for the economy BUT in time it has to be paid for and guess who’s going to pay for it, your kids will. America needs leadership Bush is just screwing things up.

I won`t try to argue Iraq here, that would take too long and it`s really another subject. That said, Bush wasn`t the one that got us into war, the war was brought to us with the deadliest attack ever on the American mainland. We were right to go into Afghanistan because we couldn`t afford to shrug off the attack as if it never happened, especially when there was and still is every reason to believe the same groups would continue their efforts to attack. If Gore had been president we still would have had a war on our hands because we weren`t the ones who started it. I think Bush has made plenty of mistakes, but he was right to respond to 9/11. I keep hoping one of these days there will be a presidential election where I feel that I`m not picking the lesser of the evils.

[skuz]

We don`t even have to look very long ago.



I started driving only 12 years ago. Gas around here was $0.56 per litre and it seemed to stay that price for a long time.



I still live in the same area and I`m now paying $1.25 per litre.