I avg. $25.00 a week for gas Working 12 hour shifts 3 days on/3days off. Ahhh...feels like I'm semi retired Of course it helps to live less than 10 miles away from work.

Gas prices? What gas prices.

 

He is of course right. The price being falsely reported on oil crude is the FUTURE's price. Every time the media runs a story on futures prices the gas price goes up.

Here in California we pay almost 95 cents a gallon for gas in taxes; this includes over 8 percent sales tax that is collected by the pump.
This sales tax is never included when they talk about the taxes on gas as it is not on the gas, just the transaction.
The bureaucratic mind is a beautiful thing...

The designer blends, 23 in one state, add another 35 cents. The extra smog equipment on the stations, the high fume filters, the recycle fume system, the law that requires the tanks to be pulled constantly, the ground monitors, etc. etc. etc. add about 35 cents per gallon. This is set by law, since the law forces the station to do all this stuff, they got compensation programmed into the prices.

So at 3.50 a gallon 1.69 is STATE and FEDERAL mandated. So the remaining 1.81 a gallon reflects among other things, the super high cost of crude, driven up by the futures market, the Iran crisis, the terrorists in Iraq the lunatic Hugo Chavez in Venezuela, the incredible increase in Chinese consumption (400% in five years) and the damage to refineries and pumping platforms caused by a record hurricane season.

Also just for fun there is the profit the local gas station makes.
When I owned a station the best month I had I profited 5 cents a gallon. That is before the cost of running a gas station, employees, etc. etc. etc. I wasn't getting rich...

Today a gas station makes a record profit, of usually about twenty five cents a gallon. This is for the station owner, NOT the oil companies. The oil companies average about 9 cents a gallon. Which oddly is much lower than the profit margin for drugs, bottled water, soda, fan belts, fuses, stereo equipment etc.
If you took 100% of the oil companies’ profits out, leaving no reason to be in business and no reason to sell the oil, there would be a 7-12 cent a gallon drop in price. If you took 100% of the gas station owners’ profits out, leaving him no reason to keep his doors open the price would drop about 20-29 cents a gallon.


So let’s blame the oil companies. Most Americans already blame big business for everything anyway.

Or blame Bush and his oil cronies.
Totally ignoring that 90% of large corporate political donations go to the other party, a fact that you can verify on their own websites.
It doesn’t matter.
Blame someone, but never blame the people that stopped any refineries from opening in 40 years, or blame the people that won't let us drill for oil off either coast or in the back country of Alaska. Don't blame the idiots that demand designer gasoline, with 0 proof of any gains but serious proof of extra costs. Don’t blame the people buying Chinese stuff and leading to the tremendous explosion in the Chinese economy and gasoline consumption.


Don't blame them, blame the people who do the work and try to supply the product.
That will make you feel better.

Perhaps we should put a cap on it like they did in Hawaii. No, wait a minute; they just stopped that after finding it drove the prices up...

Or perhaps we could suspend the designer fuel rules, no the left won't allow that.

Or perhaps we could drill for oil off the coasts, no the left won't allow that.

Or perhaps we could get tough on the countries that are blackmailing us on oil right now, no the left wouldn't allow that.

I got it, let us blame BUSH.
Chris

 

Oh boy how i do love you Thank you so much for that post..

(If you cant tell im with him ^ on this issue.)

 

Great rant Chris, I enjoy listening to others opinions and yours explained more then the usual; i pay this amount.

 

Now, the left _will_allow that

 

Hate to get political, but this "logic" is beyond me. Exxon/Mobil has made two of the largest profits ever lately and they get a huge tax break. Why's this **** me off? They got a tax break and we still end up paying taxes like Chris pointed out up to 95 cents a gallon in tax. It's maddening, reverse Robin Hood, take away from the little guy and let the big corporations gain. Whether you have a left or right view it's stinks.

 

Lets just get one thing straight. Exxon/Mobil made record profits because they invested a ton of money. They only have a profit margin of around 10%. They made that much money because they are doing an abnormal amount of business. A great example of price gouging would be Coke. Their profit margin is around 30%. Why aren't we bitching about having to pay $1.29 for a soda? The real answer is: because people are being duped by the left wing media, fed mis-information about how these companies do business, and then put the blame on the government (mainly Bush). Yes prices are high because of speculation/futures, but they are also high because the cost of operation and exploration for these companies has gone up from taxes and restrictive legislation.

Before you go pointing the finger at Exxon/Mobil and othe big oil companies, I'd suggest you inform yourself about thier actual business practices and compare them to other industries. And if you still don't understand the difference between profits and profit margin, go get educated or ask around I'm sure you can find a 5th grader that would be happy to tell you.

Have a nice day.

 

Yes, but I can live without Coke.

I like Pepsi myself.

 

Ahhh.. may favorite way to combat intense political discussion...
Good ol' fashioned sarcasm

 

I hope it goes to 6.50 a gallon. Maybe that will get the traffic out of my way.

 

I hear ya brother!!!!

 

I don't recall anyone stating the people should pay MORE for gas when the oil companies were losing their butts a few years ago...

I have a friend who worked ROV's in the Gulf. Three years ago the oil industry was hurting so bad he quit and went to work building ships at one fourth the pay.
Now there is a possibility that he may go back to his field now that there is some work. When he and his co-workers were hurting, no one wanted to give them MORE money for oil.


On the subject of tax breaks;
The tax breaks are mostly offsets due to environmental regulations. This is a fancy expression for taxes applied to business and public. If you call them environmental regulations rather than unfunded mandates, or taxes people will be for them and not notice they cost money. Works every time.

Also the oil companies are part of what are called 'strategic businesses'.
You know, things that the country can not afford to outsource in case of war or major disaster.

Without a certain amount of tax breaks to offset the tax increases the companies would just leave the US and no longer answer to our government.
This has been deemed undesirable.

Think about it. No tax breaks equal if you raise taxes on them they just leave. No problem?
How about if all oil companies were owned by say Venezuela? Or France? Or perhaps China? Think prices would stay low?

The 'tax breaks' are to keep the companies in business and under US ownership and control. Period. They are not a gift; they are a method of CONTROL.

And they would be unnecessary if the same US stopped jacking up unfunded mandates or TAXES on these companies.

And when was the last protest against SILLY strategic reserve tax breaks?

The excise tax you pay on tires is to protect the WW2 rubber industry. Yep, we still pay it, you don't complain even though there has been no rubber in tires for decades.

How about the HUGE mohair tax breaks. Yes, the mohair is needed in WW2 bomber seats, etc. So we still give the Mohair industry huge chunks of cash, to throw the goat hair away.
Old Sam Donaldson, (owns a huge 'mohair farm in New Mexico) left wing reporter, gets millions from that subsidy while screaming about tax breaks for oil companies...

As to the difference between margin and profit, forget it, BennyHanna, most people can not tell the difference between gross and net.
Margin is way beyond 85% of the American public. Gotta love our school system...
Chris

 

HA! Im with you on this one! I hope it goes to $20/gal. traffic is a bitchnow, perhaps that will aleviate it somewhat.

For now this did work tho for me-https://www.f150online.com/forums/sh...d.php?t=232838

 

I never looked at it in those terms. Man I don't think I could put a figure on what no traffic would be worth to me. I know I would pay a great deal though.

 

Abomb1 what kind of rims are those they are bad a**..