V-Twin Forum banner

1 - 20 of 28 Posts

·
Iron Butt
Joined
·
559 Posts
Discussion Starter #1
Found gas today in Fort Worth for $1.95, for regular. It seems to get cheaper every day. Wonder when it will bottom out...
 

·
"Doc"
Joined
·
37 Posts
It'll bottom out when Mobil/Exon (the most profitable company in the world) decides it's time to take it back up. They manipulate it at will.
 

·
Registered
Joined
·
1,289 Posts
The problem is the gas prices go up and everyone gets pissed off. Then when they start to come down everyone is so happy that they forget they're still getting screwed. I won't be happy until they get back to where they were before the hurricanes.......I guess I'll never be happy:crying:

I hate getting taken advantage of.....75% increase in profits on the backs of Americans is criminal!!!!!!

Regular is in the 2.30 - 2.40 range around here, I think. California's ridiculous taxes and all.....

Tony:gun:
 

·
Registered
Joined
·
1,289 Posts
fijfi said:
I noticed that you are in Kalifornia.....if you hate it that much, may consider moving. :D
As soon as I retire, I'm outta here. We do have nice weather, but that's it. Too much BS here for me, but was born here so here I am. Just need to find a nice place to retire to. Unfortunatley, I've got about 15 years to go until I can do that....

Tony:gun:
 

·
Registered
Joined
·
934 Posts
Yesterday it was $1.99 a gallon here.


For Plus.

$1.89 for Regular. That was yesterday. I didn't look today,. but it has been steadily going down each day. Hopefully that trend wont end until after the new year :D .

darrell
 

·
EASY DOES IT
Joined
·
8,914 Posts
Don't look now but heating fuel, diesel, fuel for power plants and most industry is still near $3 a gallon...
 

·
Premium Member
Joined
·
2,453 Posts
JohnHoliday said:
It'll bottom out when Mobil/Exon (the most profitable company in the world) decides it's time to take it back up. They manipulate it at will.
Wrongo. The price of gas at the pump is not set by the oil companies, It is the retailers that set the price at the pump.
In an Senate investigation committee interview on C-Span a couple of weeks back, The CEO of Exxon/Mobil said the price of oil in todays market is $35-$37 a barrel. The rest of the price of a barrel is being determined by spectulators who drive up its price thus the cost is passed on the retailers that have no choice but to set the high price at the pump.
The oil companies are setting record profits because the spectulators were bidding the price of refined oil higher and higher. The oil companies merely sell to the highest bidder. Hence the large profits.

The latest quarterly reports which show the large profits do not take into account the costs to be incurred in recovering from Katrina and the likes.

The next year or so will likely show a somewhat less profit margin if not losses from some of the refineries.

Just my -2$en#e- Just reporting what I heard.
 

·
"Doc"
Joined
·
37 Posts
RustyG said:
Wrongo. The price of gas at the pump is not set by the oil companies, It is the retailers that set the price at the pump.
Wrong. While a lot of the gas retailers are also guilty in price manipulation, it is the overall manipulation by Mobil et al that rip us off.
In an Senate investigation committee interview on C-Span a couple of weeks back, The CEO of Exxon/Mobil said the price of oil in todays market is $35-$37 a barrel. The rest of the price of a barrel is being determined by spectulators who drive up its price thus the cost is passed on the retailers that have no choice but to set the high price at the pump.
You accept the propaganda bull from the CEO of Mobil? They blame the "speculators" when they themselves are the largest traders/speculators, and then they blame the lack of refineries for the shortage when they themselves are the ones who hold back refinery construction to restrict supply.
The oil companies are setting record profits because the spectulators were bidding the price of refined oil higher and higher. The oil companies merely sell to the highest bidder. Hence the large profits.
Yeah right. The oil companies have nothing to do with influencing their profit margins. They don't want (nor are they responsible for) these prices, it's those dang "speculators" that are paying them the inflated prices for no reason, and of course they're going to take it if it's just given to them. Riddle me this one Batman, what motivation do the oil companies have to build more refineries, and increase supply, (and therefor reduce product prices), if we as a nation are going to maintain or increase the same demand ratio?
The latest quarterly reports which show the large profits do not take into account the costs to be incurred in recovering from Katrina and the likes.
The oil companies not only get to blame Katrina in part for their price increases and profits, but even if they are now among the most profitable companies in the world (by ripping us off) you think they should get to account for future Katrina recovery costs too? Sheesh!
The next year or so will likely show a somewhat less profit margin if not losses from some of the refineries.
A shame. But Mobil will still probably be the most profitable company in the world right?
 

·
Hellbound Train
Joined
·
5,595 Posts
Sorry RustyG but the majority of the stations are owned directly by the oil companies. Supplied directly from their refineries, no middle man.
 

·
FOG
Joined
·
6,970 Posts
If ya can't beat 'em, at least figure out how to join 'em. Ride your scoot when possible, get rid of the Suburban or Hummer or giant motorhome if you don't really need it, buy some good energy stocks or funds and participate in the profit while saving your coins by riding your scoot. Works fer me.

Yeah, I know....I'm caving in to the Matrix. ;)

T113
 

·
Have chrome will travel
Joined
·
506 Posts
I was happy to fill my bike for less than 10 bucks last night.~!Awesome! Now if it could come down to 7.00 like it was last year
 

·
TX Hill Country Explorer
Joined
·
893 Posts
Down to $1.99sh for regular here in San Antonio now. Would love to see it back down below $1.50 but I doubt the oil companies will show us that much love.
 

·
Premium Member
Joined
·
456 Posts
Honda has a 15% profit margin on motorcycle sales - Harley has a 39% margin. Is Harley taking criminal advantage?

Over time gas prices will just get worse. The US has always used a disproportionate amount of gas relative to other countries - now developing countries like China and India are saying its their turn. There's a finite amount of gas out there, and it will probably be used up within 20 years - at least from an economically feasible standpoint. No matter how many Arctic reserves get drilled. Time to start thinking about alternatives - the good old days are dead.

Gunslinger said:
The problem is the gas prices go up and everyone gets pissed off. Then when they start to come down everyone is so happy that they forget they're still getting screwed. I won't be happy until they get back to where they were before the hurricanes.......I guess I'll never be happy:crying:

I hate getting taken advantage of.....75% increase in profits on the backs of Americans is criminal!!!!!!

Regular is in the 2.30 - 2.40 range around here, I think. California's ridiculous taxes and all.....

Tony:gun:
 

·
Registered
Joined
·
927 Posts
OR, drive around in your 8100cc Chevy when its snowing like I do and laugh your @ss off about gas prices. Who cares? Extra couple hundred bucks, a thousand maybe a year? If you can buy the HD, a few more bucks for gas won't kill you.

Think about the guys sewing up basketballs for a dollar a day, or starving & getting shot over in the Sudan and life won't seem so bad. In my house this winter everyone will eat three meals a day and we'll all have enough clothes and heat. Good enough for me, whether gas is $2 or $4.
 
1 - 20 of 28 Posts
Top