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bud7562
03-24-2012, 09:57 PM
there goes the gas price again keeps going up up and away. thats what you call greed?????

duwal
03-25-2012, 12:28 AM
there goes the gas price again keeps going up up and away. thats what you call greed?????


It's what you call business, as long as there will be enough people to keep paying for it at a certain price and continue to purchase it as the price goes up they can keep raising it until they start to see the percentage of users go down.

*censored*
03-26-2012, 12:30 AM
You have two options:

1. Pay it.

2. Stop driving.

Pump isn't just what the gas comes from; it's what the oil companies are doing to us as we bend over.

AUTaxMan
03-26-2012, 12:50 AM
You folks don't seem to understand gas prices. American oil companies have a very low margin on them and very little control over the price of crude.

pghin08
03-26-2012, 09:24 AM
You folks don't seem to understand gas prices. American oil companies have a very low margin on them and very little control over the price of crude.

Actually quite true. There are far greater causes of the oil spike than greed at Exxon Mobil, etc.

roaddogg02316
03-26-2012, 09:32 AM
Well aren't the high prices due to the oil speculators. They could buy it but they don't. And when they need it the prices are sky high. I actually heard there is more surplus oil in this country now with prices so high than there was when gas was down at $1.90 a gallon.

AUTaxMan
03-26-2012, 10:22 AM
Well aren't the high prices due to the oil speculators. They could buy it but they don't. And when they need it the prices are sky high. I actually heard there is more surplus oil in this country now with prices so high than there was when gas was down at $1.90 a gallon.

In part to the speculators, who are driven by unrest in the Middle East.

mrveggieman
03-26-2012, 10:23 AM
In part to the speculators, who are driven by unrest in the Middle East.


There has been unrest in the middle east since before any of us were born. What's new?

pr0phet
03-26-2012, 02:53 PM
In part to the speculators, who are driven by unrest in the Middle East.

It is mostly due to speculators and the growth in our economy(figure that one out HA!)

If our economy "grows", then the investors will come out and buy up various items. Hence, drive the prices forward.

AUTaxMan
03-26-2012, 02:59 PM
It is mostly due to speculators and the growth in our economy(figure that one out HA!)

If our economy "grows", then the investors will come out and buy up various items. Hence, drive the prices forward.

The declining value of the dollar as the reserve currency also has a lot to do with it.

bud7562
03-26-2012, 05:02 PM
It is mostly due to speculators and the growth in our economy(figure that one out HA!)

If our economy "grows", then the investors will come out and buy up various items. Hence, drive the prices forward. they dont want to get poor, thats why they buy up every thing. every thing go's up except the paycheck right???????

duane1969
03-27-2012, 06:54 PM
I am having a hard time accepting that the gas companies have no control over prices. In a time when the economy is struggling, companies are downsizing and laying off, companies are going bankrupt and entire industries are making cuts just to stay afloat, companies like Exxon Mobile are recording record setting profits and banking nearly a half a trillion in profits.

The idea that Exxon Mobile is just along for the ride and profiting over $1 billion a day is somewhere between unbelievable and an outright joke to me.

roaddogg02316
03-27-2012, 06:57 PM
I know I went from filling up using my credit card every time. Now I have to pay in cash. Too much debt on the CC from not working. Can't wait to get back to work so I can pay everything I owe off.

steelers#1fan
03-27-2012, 06:58 PM
Couldn't have said it better myself.


I am having a hard time accepting that the gas companies have no control over prices. In a time when the economy is struggling, companies are downsizing and laying off, companies are going bankrupt and entire industries are making cuts just to stay afloat, companies like Exxon Mobile are recording record setting profits and banking nearly a half a trillion in profits.

The idea that Exxon Mobile is just along for the ride and profiting over $1 billion a day is somewhere between unbelievable and an outright joke to me.

AUTaxMan
03-27-2012, 07:01 PM
I am having a hard time accepting that the gas companies have no control over prices. In a time when the economy is struggling, companies are downsizing and laying off, companies are going bankrupt and entire industries are making cuts just to stay afloat, companies like Exxon Mobile are recording record setting profits and banking nearly a half a trillion in profits.

The idea that Exxon Mobile is just along for the ride and profiting over $1 billion a day is somewhere between unbelievable and an outright joke to me.

Where do you think Exxon makes most of its money, from gasoline sales?

INTIMADATOR2007
03-27-2012, 08:38 PM
You folks don't seem to understand gas prices. American oil companies have a very low margin on them and very little control over the price of crude.

If im not mistaken our federal government makes more off the sale of a gallon of gas than the oil companies.

AUTaxMan
03-27-2012, 10:40 PM
If im not mistaken our federal government makes more off the sale of a gallon of gas than the oil companies.

Yes. Federal excise taxes are 18.4 cents/gallon. State excise taxes are 22-23 cents/gallon. Crude is about $2.60/gallon. Oil company profit is 2-3 cents/gallon. Refining, marketing, and transportation costs make up the rest.