OT gas

May 11, 2007 54 Replies

I have a better story. I pull into one of those newer stations that have the new electronic pumps and price postings.

The price on the sign before I pulled in, and on the pump where I stopped was $2.699. After I swiped my card, and hit the grade button, the price on the pump came up $2.719. I looked up at the sign and sure enough the price had gone up between the time I swiped my card, selected the grade and started the pump. LOL

mike

Isn't that called Bait and Switch?

$2.81 reg & 2.57 diesel in the neighborhood here today. :-)

With the current price of crude of around $62, it ain't the dollar but more to the tune of contrived manipulation of refined product.

Better to slap a windfall profits tax on big oil and give us all tax credits for next year's levy...

JT

You know, you fell right into the ol' fool 'em every time tick.

JT

snipped-for-privacy@aol.com wrote:

Cain'tcha git a goat?

JT

Boycotting a single brand won't work. It ain't like the old days when each brand had its own distribution network etc. Now, they all pool the basic product and customize only when it either leaves the tank farm or at the pump.

JT

R> For once, will all of you sheeple take action instead of complaining and

Uh, very little of our oil/gas comes from the mid east. Check the price of crude and you'll find that it is fully $10+ less than at this time last year.

Current prices are a domestically "engineered" phenomenon.

Oh, and most of our imports come from Venezuela...

JT

Dale J. wrote:

Now that's the ticket!

"Transtar60" wrote...

I think it is more like the Toyotas dealers "Fair Market Value" adjustment ;)

mike

I doubt if 'contrived' is the appropriate word. The commodities buyers willingness to gamble millions of dollars, on their assumptions that crude will trend up rather than down, is what has been leading to most of the price increases over the past fie years.

Environmental law in the US, that control and limit the ability of the oil companies to build, find, refine, store, and transport oil within the country, is also a major cause of shortages. In certain states, California come to mind, extraordinarily harsh environmental laws are also a major cause of shortages and resulting price increases.

Who do you think will untimely pay any tax increase or windfall profits tax? If you can't afford the price of fuel, the best way to reduce your fuel costs is to simply drive less

mike

I over heard a woman berating the poor clerk about it costing her $40 to fill Lexus. At the time she was buying a carton of cigarettes and a couple packages of water, that totaled $52 and change without batting an eye

mike

Thank the EPA, and the resulting higher cost, for that ;)

mike

Actually most of our imported oil comes from Canada, Mexico is second, according the US Department of Commerce site

mike

The oil company I hear we should boycott is Exxon - here in the Midwest there are no Exxons. It's all Phillips 66, BPAmoco, Conoco, and Valero (formerly Sinclair).

A friend has run a gas station/ repair service/ convenience store for

30 years at the same location. He told me recently that at $3 per gallon, he makes nearly 9 cents, and most of the rest is split between Federal, State, and Local taxes

- then the oil company. His repair service pays the salaries, insurance and benefits - the oil pays for the utilities and property taxes. He wanted to retire 3 years ago, but can't afford to unless someone buys his property or the business outright. He also has some racecars he'd like to sell, but will never break even on them. His wife still works at a restaurant as a cashier, but she wants to retire, too. Dreams die hard.

We had to do something about our bad air, but environemental laws are not a big part of our costs. Ripoffs and phony downtime at the refineries is the problem.

And what about those who make their living driving? Tough titty I guess.

So Mike, how much Exxon stock do you own?

JT

While I'll admit that California pushes the envelope on nuttyness, the Meditereanian climate presents a unique challenge.

Fact is that California could only support a fraction of its current population if all the same air quality standards were to be achieved and IF all states adhered to exactly the same air quality rules.

Simple physics/climatology.

JT

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