ChiefsPlanet - Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab

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- - Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab (https://chiefsplanet.com/BB/showthread.php?t=161736)

Quote:

Originally Posted by jjchieffan (Post 5167289)

Uh, gas aint the only thing they sell. Gas stations also sell lots of other products, and they gouge the hell out of you on that stuff too. Trust me, those f***ers are pocketing a mint.

Ummm...not so much:

http://money.cnn.com/2008/03/13/news...ex.htm?cnn=yes

Quote:

Gas stations: A surprisingly small amount goes to the guy who runs the station.

Most service stations are independently owned and operated and take in between 7 and 10 cents for every gallon they sell, according to the U.S. Energy Information Administration.

That 7 to 10 cents going to the gas station isn't even profit. Out of that, station owners still have to pay leases, workers, and other expenses - leaving them with a profit of just a few cents. For the service stations, most profit comes from selling coffee, cigarettes, food and other amenities.

These calculations are based off of EIA's most recent numbers, when gas was $3.04 a gallon. Gasoline hit another record nationwide average of $3.27 a gallon Thursday.

Quote:

Originally Posted by kcfanintitanhell (Post 5165357)

I guess I never considered that a criterion when I was in the market for a car. If what kind of car you drive enhances your chances of getting laid, you might want to do some serious soul searching. :D

don't worry. I ride a motorcycle and play MORE THAN WORDS on my guitar. No soul searching needed for me to let one go in a ho

Crude seems to be stabilizing somewhat in the mid to low-$60s. If that is the case, I would not expect gasoline to drop much below where it is now, which is $2.47/gallon.

It's funny how the price of crude has fallen off the radar, as far as being newsworthy. It used to be described on CNN, MSNBC, as SOARING, or PLUMMETING, now it has been over a week since it's even been mentioned.

Quote:

Originally Posted by Donger (Post 5168137)

Crude seems to be stabilizing somewhat in the mid to low-$60s. If that is the case, I would not expect gasoline to drop much below where it is now, which is $2.47/gallon.

I never thought I'd say this, but good. Inflation has driven the price of everything up. Homes, food, you name it. Gas should stay around this level. Would you agree Donger that if it continues to spiral downward that $4 gas would be the very least of our worries?

Quote:

Originally Posted by Mr Flopnuts (Post 5168186)

It is now where the fundamentals justify the price, yes.

According to the gas price website, the station closest to my house is at $2.35, which I'll have to see to believe. All the rest of the stations in the area are still about 30 cents more a gallon. I think it must be a typo.

That gas website is way offbase. In Iowa midgrade prices are always lower because many stations have gasahol blend and the state subsidizes that. Even those who don't offer gasahol have to offer a lower price for midgrade in order to compete. Yet these sites always post a lower price for regular.

Right now gas here is $2.09 for midgrade. Just dropped another .06 this morning and has dropped more than a quarter this week.

After the election the price of fuel will go up! It always does

Do elections fuel pump prices?
We investigate the theory that as election poll numbers drop, so do gas prices.
By Jessica Heffner

Staff Writer

Friday, October 17, 2008

Extras
Photos
Click to enlarge
Click to enlarge
Tammy Adams changes the price on a gas sign on Thursday afternoon, Oct. 16, at the Shamrock station on Central Avenue in Middletown.Click to enlargeMIDDLETOWN — In today's economy, everything is going down, including gas prices. But many residents are questioning whether that really has to do with the price of a barrel of crude, or crude election tactics.

"It seems like this happens every election year, especially when a Republican is fighting to take office," said 72-year-old Gus Harrison of Liberty Twp. while he filled up at the Kroger gas station in Monroe. "Gasoline prices have dropped to $2.50 a gallon or less in many states, and trust me, they are all the ones with the most electoral votes."

But the fact is, in the 10 states with the most electoral votes, the average price for a regular gallon of gas is still above $2.50, including Ohio, which is clocking in at $2.83, according to AAA's gas gauge.

In California, which carries the most electoral votes, gas is at $3.42, and No. 2 Texas is at $2.89.

While Republicans traditionally do have close ties to the oil industry, the idea that they can control pump prices is not credible, said William Craighead, assistant economics professor at Miami University in Oxford.

"It may be the case that a lot of people in the oil business prefer a Republican in power, but I find it pretty farfetched that (oil executives) would get together and coordinate to manipulate the market in this way," he said. "It would be too hard to get everyone together and keep it secret."

Besides, the president really doesn't have that much control over gas prices or the economy in general, he said.

"People want to think someone is in control, but that is not always the case," Craighead said. "Gas prices falling is the silver lining to a bad economy. It's is not because of George W. Bush. It would have done the same under McCain or Obama."

Gas prices typically fall this time of year, as statistics show, as refineries switch to the less costly winter blend of gas, said the American Automobile Association.

And while prices are lower now, Craighead warns that as the economy rebounds "energy prices will rise again. This is a temporary phenomenon."

$1.99 in Topeka, finally!

Quote:

Originally Posted by frazod (Post 5169529)

This was a mistake - it's actually $2.55, which is pretty ****ing good for up here.

Quote:

Originally Posted by Bugeater (Post 5167365)

I hear ya, it sucks when businesses turn a profit. :rolleyes:

I have no problem with a business making a profit. My problem is when they gouge consumers. I was responding to a post claiming that stations were essentially marking gas up by 40-50 cents and blaming it on high prices. That I have a problem with. I also refuse to buy anything off the shelves at a gas station. I WILL NOT pay 50% higher prices just for convenience.