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I buy most of my gas from Kroger, Meijer, Sam's Club, Speedway, etc.
None of these companies have their own oil refineries, to my knowledge. Which means they're buying it from Exxon/Mobile, Citgo, Shell, or one of the big oil companies. What's the difference?

I'm with Lightning Bolt. Hop on the bicycle.

Today when I filled up my 2006 diesel Jetta, the odometer read 1002 km, and the tank was on empty. It cost 52.00 to fill it.

1002 km = 623 miles

Diesel sells for 99 cents a litre or about 4 bucks a gallon.

Am I pleased with the price? No. Do I love this car? YEP!!!!!!!!

tikitatas wrote:Today when I filled up my 2006 diesel Jetta, the odometer read 1002 km, and the tank was on empty. It cost 52.00 to fill it.

1002 km = 623 miles

Diesel sells for 99 cents a litre or about 4 bucks a gallon.

Am I pleased with the price? No. Do I love this car? YEP!!!!!!!!

For the first time in several years Diesel is finaly priced below regular unleaded as it traditionaly had been.
Too bad the new regs in the U.S. are making it hard for the German Diesels to meet emission complience.

PIA wrote:

Wino you know wrote:

PIA wrote:are the prices going to go down...id really like to know....

Yes, but not until well after Labor Day, and, in all probability, it'll never be below $2.50 per gallon again.
Not even after Queen Hillary is coronated in January of 2009.

well if Hillary is coronated in 09 i will not have to worry about gas anymore since i will be expatriating to some tropical island....

Right on. If she wins, and puts a windfall profits tax on, nothing left for me here. I'll scrub dishes in some Caribbean paradise.

Down in the Banana Republics
Down to the tropical sun
Go the expatriated American
Hopin' to find some fun

tikitatas wrote:Today when I filled up my 2006 diesel Jetta, the odometer read 1002 km, and the tank was on empty. It cost 52.00 to fill it.

1002 km = 623 miles

Diesel sells for 99 cents a litre or about 4 bucks a gallon.

Am I pleased with the price? No. Do I love this car? YEP!!!!!!!!

My 88 used to get 33 to 35 miles per gallon. THe company used to pay .28 per mile back on 93 for car allowance. I MADE money diving that car Yep, I do miss it.

FWIW

The oil companies don't deserve all the blame. And record profits mean absolutely nothing, it's net profits that count.

http://articles.moneycentral.msn.com/In ... rices.aspx

Crazy Navy Flyer wrote:FWIW

The oil companies don't deserve all the blame. And record profits mean absolutely nothing, it's net profits that count.

http://articles.moneycentral.msn.com/In ... rices.aspx

I think for some this can only fuel the fire. So we are paying today for their lack of responsibility to take care of their assests over the past 20 years? I agree ethanol is a bad joke. You did see the note the writer owns stock in Exxon?

Tequila Revenge wrote:

Crazy Navy Flyer wrote:FWIW

The oil companies don't deserve all the blame. And record profits mean absolutely nothing, it's net profits that count.

http://articles.moneycentral.msn.com/In ... rices.aspx

I think for some this can only fuel the fire. So we are paying today for their lack of responsibility to take care of their assests over the past 20 years? I agree ethanol is a bad joke. You did see the note the writer owns stock in Exxon?

Their failure to take care of their assets is only part of it. There is alot more to the problem than just the oil companies trying to screw us. It's just not that simple.

As far as owning stock in Exxon, many 401K plans or IRAs include oil company stocks, you might also have some.

Crazy Navy Flyer wrote:

Tequila Revenge wrote:

Crazy Navy Flyer wrote:FWIW

The oil companies don't deserve all the blame. And record profits mean absolutely nothing, it's net profits that count.

http://articles.moneycentral.msn.com/In ... rices.aspx

I think for some this can only fuel the fire. So we are paying today for their lack of responsibility to take care of their assests over the past 20 years? I agree ethanol is a bad joke. You did see the note the writer owns stock in Exxon?

Their failure to take care of their assets is only part of it. There is alot more to the problem than just the oil companies trying to screw us.

It's just not that simple.

So you think poor managment for 20 years is an accpetable reason to pay more at the pump today? Yes, there is a lot more to the story. And I'm guessing if we dug around and looked at the other side from the oile execs we could find more too.

No I don't think poor management for 20 years is an acceptable reason. I also don't buy the poor management for 20 years.

Don't get me wrong, I don't support high prices or the oil companies but people blaming the oil companies alone don't see the whole picture.

I's like to know why no new refineries have been built in 30 years. Also why offshore drilling has conntinually been stopped. How about Alaska? It's about politics, Congress and the "not in my back yard" syndrome.

At the risk of repeating myself, I posted this last Saturday ...

LIPH wrote:If the price of oil had kept pace with the rate of inflation for the last 30 years we'd be paying even more than we are right now. The price was kept artificially low for too many years and we got spoiled.

Crazy Navy Flyer wrote:FWIW

The oil companies don't deserve all the blame. And record profits mean absolutely nothing, it's net profits that count.

I think the oil companies spin is working. They are making record profits, and those are net profits. They do not make shareholder distrubutions based on gross profits. It is not that difficult. Prices are at record highs, and profits are at record highs. They are making the most out of supply and demand and the only two ways to stop it are for consumers to decrease demand, which will not happen, or for supply to increase, which will probably not happen either. Then of course the government could step in and crackdown, but they are getting too much in kickbacks to do so.

LIPH wrote:At the risk of repeating myself, I posted this last Saturday ...

LIPH wrote:If the price of oil had kept pace with the rate of inflation for the last 30 years we'd be paying even more than we are right now. The price was kept artificially low for too many years and we got spoiled.

Exactly Larry.

And profits? record profits? net profits? gross profits? What counts is Profit MARGIN. Basic econ 101

The oil companies are simply doing exactly what they should be. They are maximizing returns for their owners. They are private businesses not charities.


If you don't like the price of gas, quit buying it.

Not to argue here, and I am a bit past basic econ 101, but you are confusing yourself. To simplify, they are making record profits after all other money is spent, including budgeting upgrading facilities (such as the one at BP in Hammond, Indiana, which is a HUGE project).
Larry is 100% right that we have been spoiled and now it appears it is time to pay the check. However the govt can step in to keep prices down, and that will probably be an issue for the next election.

Indiana Jolly Mon wrote:Not to argue here, and I am a bit past basic econ 101, but you are confusing yourself. To simplify, they are making record profits after all other money is spent, including budgeting upgrading facilities (such as the one at BP in Hammond, Indiana, which is a HUGE project).
Larry is 100% right that we have been spoiled and now it appears it is time to pay the check. However the govt can step in to keep prices down, and that will probably be an issue for the next election.

Why would we want the government to step in and control prices?

live2ski wrote:

Indiana Jolly Mon wrote:Not to argue here, and I am a bit past basic econ 101, but you are confusing yourself. To simplify, they are making record profits after all other money is spent, including budgeting upgrading facilities (such as the one at BP in Hammond, Indiana, which is a HUGE project).
Larry is 100% right that we have been spoiled and now it appears it is time to pay the check. However the govt can step in to keep prices down, and that will probably be an issue for the next election.

Why would we want the government to step in and control prices?

Because it worked so well when Nixon tried it?

Indiana Jolly Mon wrote:Not to argue here, and I am a bit past basic econ 101, but you are confusing yourself. To simplify, they are making record profits after all other money is spent, including budgeting upgrading facilities (such as the one at BP in Hammond, Indiana, which is a HUGE project).
Larry is 100% right that we have been spoiled and now it appears it is time to pay the check. However the govt can step in to keep prices down, and that will probably be an issue for the next election.

I'll buy the record profits, but what is the profit margin? 5% 10% 20% What is fair? They are private companies making money. Basic supply and demand at work.

The gov't can step out and let the oil companies build refineries, drill off shore. More government interference will only make things worse.

An oil company was trying to choose an accountant, but was being very careful about it. The Board of Directors scheduled appointments to interview three accountants.
After an initial exchange of pleasantries, the Chairman of the Board said, "Okay, let's get down to business. I have an important question for you, and I want you to think carefully before answering. How much is two plus two?"
The accountant raised his eyebrows. "two plus two is four." The Chairman thanked him for his time, and proceeded to his next appointment.
The second accountant seemed a bit more particular than the first accountant. After an initial discussion, the Chairman again announced that he had a very important question, and asked, "How much is two plus two?"
The second accountant went over to a computer, and entered figures into a spreadsheet. "According to my calculations, two plus two is approximately four." The Chairman thanked him for his time, and proceeded to his next appointment.
The third accountant seemed rather self-important as compared to the other two, but at the same time appeared to be much more successful. The Chairman again announced, "I would like you to answer a very important question for me, before I decide whether I should use your services. How much is two plus two?"
The accountant pulled the shades, locked the door to the office, and asked in a hushed voice, "How much do you want it to be?"



One of the first rules of business-

KNOW what your paying for before you write the check

SUPPLY AND DEMAND.
SUPPLY AND DEMAND.
SUPPLY AND DEMAND.
SUPPLY AND DEMAND.
SUPPLY AND DEMAND.
SUPPLY AND DEMAND.
SUPPLY AND DEMAND.
SUPPLY AND DEMAND.
SUPPLY AND DEMAND.
SUPPLY AND DEMAND.
SUPPLY AND DEMAND.

Am I getting through, or talking to myself again?
At the risk of repeating myself,
The supply has gone down (thanks to the environmentalist kooks and their assinine idiocy, which has prevented more refineries being built and offshore oil drilling and exploration in THIS COUNTRY, and our demand has stayed pretty much the same, or gone up slightly.
We LOVE our automobiles and it shows.
And believe me, OPEC has no intention of increasing their output or lowering their prices. Therefore, the ONLY way we'll ever see a significant drop in the price of fuel is to stop driving altogether or
BUILD MORE REFINERIES IN THIS COUNTRY AND DO OFFSHORE DRILLING AND EXPLORATION!!!

That's it. Case closed. No economics 101.
Until this happens in conjunction with the environmentalist lobby and congress pulling their heads out of their a$$es (and we QUIT electing these a-holes), NONE OF US has any right to b*tch about high gas prices.

JEEZ, F'ING LOUISE!