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actually... wholesale gas prices are less that $1.50 last time i checked. add about .20 cents to $1.00 for state and federal taxes (depends on the state.. I think Texas is like .25) and thats close to what your local station pays.. +/- .25cents
PROFIT=Revenue-Expense
Those $1.50 cover all the drilling, transporting, salaries, refineries, delivering to your station...now i am still waiting for the link where it says that gas companies make $1.10-$1.20 PROFIT for every gallon sold...if you post it i will shut up if not:word of mouth doesn't mean shit
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Those $1.50 cover all the drilling, transporting, salaries, refineries, delivering to your station...now i am still waiting for the link where it says that gas companies make $1.10-$1.20 PROFIT for every gallon sold...if you post it i will shut up if not:word of mouth doesn't mean shit
Those $1.50 cover all the drilling, transporting, salaries, refineries, delivering to your station...now i am still waiting for the link where it says that gas companies make $1.10-$1.20 PROFIT for every gallon sold...if you post it i will shut up if not:word of mouth doesn't mean shit
:clears throat:
Like I said... the gas stations will pay anywhere from $1.25 to $1.75 or more for gas... tack on the state and federal taxes, in Texas I think it is like $.20.. so that puts a local station at around $1.90 - $2.00gal. Now the station will up charge, depending on overall demand.. Right now TODAY gas is $2.20 in D/FW, Texas. So you are looking at like a +/- $.20 profit per gal. Now I can not hold your hand for you everyday people.... if you want the information CIMB, here is a thought GO LOOK FOR IT all you have to do is Google the words, Oil, Gasoline, Petroleum.. and there is a plethera of information at your finger tips.
Where your dollar goes:
Taxes 15% (This is your Local, State and Federal Goverment getting their share)
Distribution & Marketing 8% (This is your local Gas Station and some the larger Corp.)
Refining 27% (This is what Exxon Corp, Phillips 66 Corp ect ect charge)
Crude Oil 50% (This is what OPEC & Chavez charge)
NOW.. I am pretty sure that the Gas Companies themselves; which mind you who DO NOT CONTROL THE LOCAL STORES; jacked their prices up really high over the last couple of months. Just becuase the Price/Barrel of Oil is $60 does not mean that the gas companies are getting 40gals of Gasoline for that price. When infact 42gals of Cude Oil, which when refined will got to make 19.9gals of Gasoline, plus lots of other Oil related products.
Quote:
Originally Posted by Energy Information Administration
While the price of crude oil certainly has an impact on the price of refined products, the actual cost of refining crude oil into various products has little to do with price differentials across products. When comparing the retail price of one particular product to another, it is important to look at the supply/demand situation for both products. In the case of gasoline, over the last four weeks, a record volume of imports arrived in three of those weeks, while gasoline production climbed to near pre-hurricane levels, despite significant refinery capacity remaining shut down. This large surge in supply is coming at a time (late September and early October) when gasoline demand usually drops, with few people taking vacations during this time of year. When supplies rise as demand falls, prices should fall, as they have with gasoline.
However, the supply/demand balance is much different for diesel fuel. Diesel fuel and heating oil are both included in a category labeled distillate fuel in our weekly surveys. These products are very similar, with the notable exception that diesel fuel for highway use has less sulfur in it. To the extent that diesel fuel can be used as a substitute for heating oil, the two products often find their prices moving in similar directions. Since heating oil prices are generally highest when demand for the product peaks, diesel prices also often peak as cold weather occurs, as owners of diesel-fuel-powered vehicles will tell you. As can be seen from EIAs data, demand for distillate fuel often increases from September to October. This is typically a result of slightly colder weather in October, but it also relates to increased use of diesel fuel in the agriculture sector during harvest time. While demand for distillate fuel seasonally increases over this period, supplies have grown substantially less than those of gasoline. While distillate fuel production has increased some as a result of most refineries coming returning to normal operating levels following the hurricanes, it has not grown by nearly as much as gasoline production. We have not seen record imports for distillate fuel either. In fact, up until last week (the week ending October 21), distillate fuel imports were possibly even lower than they typically would be, as strong global demand for diesel may have limited available supplies from other countries. As a result, retail prices for both diesel fuel and heating oil have not dropped like those for gasoline. Nevertheless, with distillate fuel imports last week reaching their highest level since January 2005, and with most of the increase in refinery production seen in distillate fuel rather than gasoline, there may be signs that the distillate fuel supply situation is improving. But with the first bout of much colder-than-normal weather hitting the East Coast this week (where most of the heating oil use occurs), demand is likely to increase as well. How fast supply and demand for distillate fuel rise will be the largest determinant for the future path of diesel fuel prices.
__________________ Eminem's critics say his lyrics are violent and offensive to women and homosexuals.
Where your dollar goes:
Taxes 15% (This is your Local, State and Federal Goverment getting their share)
Distribution & Marketing 8% (This is your local Gas Station and some the larger Corp.)
Refining 27% (This is what Exxon Corp, Phillips 66 Corp ect ect charge)
Crude Oil 50% (This is what OPEC & Chavez charge)
NOW.. I am pretty sure that the Gas Companies themselves; which mind you who DO NOT CONTROL THE LOCAL STORES; jacked their prices up really high over the last couple of months.
27% of what Exxon charges from three dollars is less then a dollar gross profit...take away the numerous expenses i fail to see how they make $1.40 PURE PROFIT
Once agian for those who are a little slower.... It's not the Local Stations alone that are causing the huge upswing in prices, yet they are responsible for the overall price of gasoline. There is not a MSRP on gas mind you, the station pays the local distributor, the distributor pays the corp. and the corp pays the money hungry rich East Asian and Arabic countries. Wholesale gasoline prices on the mainland are not that much most of the time and usually float around the high $1.90 give or take. If the "Gas Companies" are not over charging for their prices, how do you explain an $9.9 billion gross profit over a three month period? The local stations are not innocient in this issue either mind you, them like everyone else, when seeing that demand was higher than supply, did a price increase "TO PREPARE" for a possible rate hike from the distributors. How can the gas that is already in the ground, increase in price by $.30 cents in one day? I came to work one day, and gas was like $2.25 at the corner station, that afternoon at lunch gas was $2.36 and when I left to go home gas was $2.45 and I saw it at other places that same day for as much as $2.68. Now this may just be me, but I am pretty damn sure that one gas station will be paying the same amount for gas as one does just 2 miles down the road. Have you ever noticed that gas on the freeways are always $.05 to $.10 HIGHER than a gas station not 1/2 off of the freeway? I am pretty sure that ever single person on 7thgen can attest to that one, so don't even try and discount that theory at all, or you may start to look as slow as we really think you are.
All it takes is a little bit of intellegence and the ability to use your eyes and see whats around you. Have a Nice Day
__________________ Eminem's critics say his lyrics are violent and offensive to women and homosexuals.
well gas is back to pre-nola destruction prices. so i was wrong to fiji blue, danger mouse and honda sales i must say i was wrong. your complaining to others on a civic web site helped the world. now keep it up and get it back down to 1960's prices adjusted for inflation. oh wait it would cost more that way.
__________________ "Great male inventors: Henry Ford - Assembly line construction"
"Great female inventors: Janice Smith - Camel Toe"
well gas is back to pre-nola destruction prices. so i was wrong to fiji blue, danger mouse and honda sales i must say i was wrong. your complaining to others on a civic web site helped the world. now keep it up and get it back down to 1960's prices adjusted for inflation. oh wait it would cost more that way.
LoL.. your dumb..
__________________ Eminem's critics say his lyrics are violent and offensive to women and homosexuals.
Once agian for those who are a little slower.... It's not the Local Stations alone that are causing the huge upswing in prices, yet they are responsible for the overall price of gasoline. There is not a MSRP on gas mind you, the station pays the local distributor, the distributor pays the corp. and the corp pays the money hungry rich East Asian and Arabic countries. Wholesale gasoline prices on the mainland are not that much most of the time and usually float around the high $1.90 give or take. If the "Gas Companies" are not over charging for their prices, how do you explain an $9.9 billion gross profit over a three month period? The local stations are not innocient in this issue either mind you, them like everyone else, when seeing that demand was higher than supply, did a price increase "TO PREPARE" for a possible rate hike from the distributors. How can the gas that is already in the ground, increase in price by $.30 cents in one day? I came to work one day, and gas was like $2.25 at the corner station, that afternoon at lunch gas was $2.36 and when I left to go home gas was $2.45 and I saw it at other places that same day for as much as $2.68. Now this may just be me, but I am pretty damn sure that one gas station will be paying the same amount for gas as one does just 2 miles down the road. Have you ever noticed that gas on the freeways are always $.05 to $.10 HIGHER than a gas station not 1/2 off of the freeway? I am pretty sure that ever single person on 7thgen can attest to that one, so don't even try and discount that theory at all, or you may start to look as slow as we really think you are.
All it takes is a little bit of intellegence and the ability to use your eyes and see whats around you. Have a Nice Day
I will say it one last time. SHOW ME A LINK THAT SAYS EXXON GETS $1.30 PURE PROFIT FOR EVERY GALLON SOLD
The reason for the hike to $2.00> is simple. India and China need more oil then ever, US has to pay more for the same oil since the companies and OPEC have a bigger market now. You surely showed your intelligence
"Nobody is holding a gun to your head, forcing you to buy gas"
Your right nobody is holding a gun to our head forcing us to buy gas...but we need oil to survive. Just like you need food to survive and nobody is holding a gun to your head forcing you to buy food but you do and thats because you need it to survive.
Im sorry if some of you make plenty of money to support yourself and buy all the gas and necessities you need but not everybody is as well off as you are.
I take it since i dont have the money to do what i want does that mean i have made wrong choices in my life? Because my job pays lower then your job or what is it? Not every person in society is able to roll in dough or given the opportunities to succeed like everybody else is. So that kid out of high school chose not to go to college does that make his choice wrong because you went? It sounds as though you think that your opinion is greater then the opinion than everybody else.
I am in college, i have a car payment as well as other necessities that i need to buy gas being one of them. I am very limited on money for gas due to my economic situation. What am i supposed to do with gas being as high as it was? Walk everywhere? well that just doesnt work for me and if you feel the need to ride a bike in the cold weather then by all means feel free.
I will say it one last time. SHOW ME A LINK THAT SAYS EXXON GETS $1.30 PURE PROFIT FOR EVERY GALLON SOLD
The reason for the hike to $2.00> is simple. India and China need more oil then ever, US has to pay more for the same oil since the companies and OPEC have a bigger market now. You surely showed your intelligence
I am still waiting fro you to show me where it says that Oil prices have topped $60 a barrel because of India and China. Nor have I seen anything from you that shows why Exxon, Chevron and Shell posted the largest single gross profit in the third quarter of 2005 of any business in history? Infact, I and others on this thread are not the only ones that feel this way, YOU'R elected officials feel the same way we do and at this moment, are forcing the heads of these compaines to appear before congress to explain their profits. What I have been saying through out this whole thread is pretty much the same.. "It is not just the local Gas Stations" that are screwing over the consumer.. IT IS THE LARGER CORPORATION. Exxon Corp. Shell Corp. Bp Corp. Chevron Corp. These companies are the ones that set the overall trend of gas prices in the united states... Not OPEC or South America (where a good portion of our Oil comes from these days).
As you can see in these pitcures, Oil per barrel was not that bad until 2005 and was not where near as bad during the Gulf War as it is now. India and China have nothing to do with the amount of Oil that is shipped to this country nor do they effect the prices. OPEC and South America (both of which have countries that can not stand America), drive up the price to benefit from the need in America.
Here is a nice little layout that shows the price of Oil over the last year in reaction to world events happening from June 04 - May 05
Please, if you want to argue the cuase and effects of world events and prices of consumer goods.. Be educated or even slightly educated in what you are saying.. and Show me the India and China link
__________________ Eminem's critics say his lyrics are violent and offensive to women and homosexuals.
What I have been saying through out this whole thread is pretty much the same.. "It is not just the local Gas Stations" that are screwing over the consumer.. IT IS THE LARGER CORPORATION. Exxon Corp. Shell Corp. Bp Corp. Chevron Corp. These companies are the ones that set the overall trend of gas prices in the united states... Not OPEC or South America (where a good portion of our Oil comes from these days).
OPEC and South America (both of which have countries that can not stand America), drive up the price to benefit from the need in America.
P.S. in your own post at the last slide it says asian demand SOARS which drives the price up around 10 bucks
P.S. in your own post at the last slide it says asian demand SOARS which drives the price up around 10 bucks
your turn
What ever man.. you still have yet to show me proof economically that Asia or India is controlling the prices... An increase in demand overall world wide and a slow increase in production after a huge reduction in production and the leaving of a price cap may be a more sensiable answer... and without some sort of documented proof on that assumption.. it means nothing.
give me some proofs... links... graphs ect ect.
And nowhere in those graphs does it dispute our original argruement... which you have yet to settle.. How does this give rise to Exxon Mobile's American Division showing a $9.9billion profit for the 3rd quarter of 2005... O'wait you did I forgot.. you where comapring the increase in gas prices to the increase in a gallon of milk.
__________________ Eminem's critics say his lyrics are violent and offensive to women and homosexuals.
House Fund $2007.56 Bike Fund $733.39
Last edited by Danger Mouse; 11-09-2005 at 08:14 AM.
Here is a neat little thing that shows all the Oil Producing Countries and how much they produce on average.
Rank Country - Billion barrels
1 Saudi Arabia - 265.3
2 Iraq - 115
3 Kuwait - 98.8
4 Iran - 96.4
5 United Arab Emirates - 62.8
6 Russia - 54.3
7 Venezuela - 47.6
8 China - 30.6
9 Libya - 30
10 Mexico - 26.9 (Way more than I would have figured it to be)
11 Nigeria - 24.1
12 United States - 22
13 Algeria - 12.7
14 Norway - 10.1
15 Indonesia - 9.7
16 Angola - 9
17 Brazil - 8.5
18 Oman - 5.8
19 Canada - 5.6
19 Qatar - 5.6
Wish I could find that graph that shows how much oil is in the ground in these palces compared to their production.. saw it once awhile back and am unable to remember where it was.
Although I did find these neat graphs...
scratch that.... the graphs didn't want to show.. here was the data involved.
Top World Oil Consumers, 2004*
Country Total Oil Consumption(million barrels per day)
1) United States 20.7
2) China 6.5
3) Japan 5.4
4) Germany 2.6
5) Russia 2.6
6) India 2.3
7) Canada 2.3
8) Brazil 2.2
9) South Korea 2.1
10) France 2.0
11) Mexico 2.0
Top World Oil Net Importers, 2004*
Country Net Oil Imports (million barrels per day)
Civic minded old man/ low-loud-loven it!
