Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The Royal Lounge

Reply
 
Thread Tools Display Modes
Old 04-23-2007, 08:40 AM  
Donger Donger is offline
"Think BOOM!"
 
Donger's Avatar
 
Join Date: Nov 2003
Location: 33.675° N 106.475° W
Casino cash: $1080
VARSITY
Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab

http://www.bloomberg.com/apps/news?p...d=afOlUzd30YOo

Pretty alarmist, IMO, but possible.

Spoiler!

Last edited by Donger; 10-10-2014 at 01:43 PM..
Posts: 77,392
Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
  Reply With Quote
Old 06-08-2007, 05:24 PM   #301
Donger Donger is offline
"Think BOOM!"
 
Donger's Avatar
 

Join Date: Nov 2003
Location: 33.675° N 106.475° W
Casino cash: $1080
VARSITY
Quote:
Originally Posted by PastorMikH
Actually, he said it was just over a year ago when they were getting the 16 cents profit.

And profit is still profit (income over expenses). The cost difference between the $25 and $75 barrels is being passed on as well as the 5x higher profit margins.
Depends on what margin he's talking about. Here's good explanantion:

Gasoline Price Breakdown - This page details the estimated gross margins for both refiners and distributors. The term "margin" includes both costs and profits. The margin data is based on the statewide average retail and wholesale price of gasoline for a single day of the week. It is not a seven-day average. The margin provided here is an indicator for the California market as a whole and not for any particular refiner or retailer of gasoline.

The Energy Commission cannot estimate profit margins based on average retail prices and observed wholesale market prices. This is because detailed data on refining and distribution costs, costs paid by approximately 10,000 retail locations, hundreds of wholesale marketers, jobbers, and distributors is not available.

The following provides specific information on how the data in the tables are calculated.

Refiner Margin - Refiner Margin (costs and profits) is calculated by subtracting the market price for crude oil from the wholesale price of gasoline. The result is a gross refining margin which includes the cost of operating the refinery as well as the profits for the refining company.

The price of crude oil is based on the daily market price for crude oil from the Alaska North Slope published in the Wall Street Journal©. The market price of crude oil also includes its own share of costs and profits. In the case of a vertically integrated oil company, the same company that owns and operates the oil field also owns and operates the refinery. Several vertically integrated oil companies operate in California including BP, Chevron, ConocoPhillips, ExxonMobil, and Shell.

For simplicity, the refining margins shown are based on producing one barrel of gasoline from one barrel of crude oil. No adjustments are made for other refined products.

Distribution Margin - Distribution margin (distribution costs, marketing costs, and profits) is calculated by subtracting the wholesale gasoline price (either branded or unbranded) and taxes (state sales tax, state excise tax, federal excise tax, and a state underground storage tank fee) from the weekly average retail sales price. The branded wholesale gasoline price is based on the average statewide branded refined "rack" price, information obtained from the Oil Price Information Service (www.opisnet.com). The rack price is the price paid at the point where tanker trucks load their fuel from a distribution terminal's loading rack. The unbranded price is also based on OPIS pricing information.

The distribution margin can be either positive or negative in value. A negative distribution margin implies that some gasoline is being sold at a loss. Similar to the refining margin, the distribution margin also includes the costs and profits of operating the retail gas station as well as various transportation and storage fees incurred once gasoline is moved from the bulk terminal to the retailer. Most branded franchisees purchase gasoline at a delivered price called the Dealer Tank Wagon price that is typically higher than the branded rack price. A retail-specific margin is not available at this time.
__________________
I think the young people enjoy it when I "get down," verbally, don't you?
Posts: 77,392
Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
  Reply With Quote
Old 06-08-2007, 05:36 PM   #302
Mr. Laz Mr. Laz is offline
Don't Tease Me
 
Mr. Laz's Avatar
 

Join Date: Dec 2000
Location: KS
Casino cash: $12357
Higher Food Prices Blamed on Higher Gas Prices

Joint Chiefs Mullen
Computer problem leads to serious flight delays in the East

Food prices are up and will keep fluctuating for the next several years because of new demands for corn. According to government surveys, egg prices are up nearly 19 percent in the past year, because of corn based feed price increases. The change hit home, at Channel 3's Memorial Day bbq: Senior Producer Jason Holder made 6 dozen deviled eggs: last year it would have cost $5, this year it was between $10 and $15.

Galeville Grocery's Bernie Rivers is keeping an eye on price increases--and the reasons. There's a fuel charge added on to deliveries, and that drives costs up, across the board.
In addition, most processed foods include corn syrup. Farmers are planting record amounts of corn this year, but their crop will go not to food, but to ethanol, the corn-based fuel additive.
Even bread prices are expected to increase, because farmers are planting more profitable corn instead of wheat.

Rivers says we'll get thru this supply and demand fluctuation, and says it might even be better to pay a bit more for food, if it's better for our environment.
Posts: 82,792
Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.
  Reply With Quote
Old 06-08-2007, 05:36 PM   #303
Donger Donger is offline
"Think BOOM!"
 
Donger's Avatar
 

Join Date: Nov 2003
Location: 33.675° N 106.475° W
Casino cash: $1080
VARSITY
Anyway, since the refineries were not operating anywhere near there usual 95-98% capacity this spring, they probably were making $0.90 a gallon on refined product, for good reason.
__________________
I think the young people enjoy it when I "get down," verbally, don't you?
Posts: 77,392
Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
  Reply With Quote
Old 06-12-2007, 03:46 PM   #304
Donger Donger is offline
"Think BOOM!"
 
Donger's Avatar
 

Join Date: Nov 2003
Location: 33.675° N 106.475° W
Casino cash: $1080
VARSITY
Now $3.07 and still falling. There's a report due out tomorrow that should keep prices falling. I wouldn't be surprised to see sub-three dollar prices within a month, maybe in the $2.50 range. Barring any major hurricanes in the Gulf, we should be back near $2.25 - $2.50 by the fall.
__________________
I think the young people enjoy it when I "get down," verbally, don't you?
Posts: 77,392
Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
  Reply With Quote
Old 06-12-2007, 03:53 PM   #305
Bowser Bowser is offline
Eff an A, Cotton!!
 
Bowser's Avatar
 

Join Date: Jan 2004
Location: In Transition
Casino cash: $13902
Quote:
Originally Posted by Donger
Now $3.07 and still falling. There's a report due out tomorrow that should keep prices falling. I wouldn't be surprised to see sub-three dollar prices within a month, maybe in the $2.50 range. Barring any major hurricanes in the Gulf, we should be back near $2.25 - $2.50 by the fall.
Coincidental timing to the article out in the papers last week about how oil companies make insane profits on "hot" gasoline?

What part of the country are you in? Here in KC, the price for reg. unleaded in about 2.80/gal.
Posts: 52,461
Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.
  Reply With Quote
Old 06-12-2007, 03:56 PM   #306
Donger Donger is offline
"Think BOOM!"
 
Donger's Avatar
 

Join Date: Nov 2003
Location: 33.675° N 106.475° W
Casino cash: $1080
VARSITY
Quote:
Originally Posted by Bowser
Coincidental timing to the article out in the papers last week about how oil companies make insane profits on "hot" gasoline?
I don't know to what you are referring.

Quote:
Originally Posted by Bowser
What part of the country are you in? Here in KC, the price for reg. unleaded in about 2.80/gal.
Colorado.
__________________
I think the young people enjoy it when I "get down," verbally, don't you?
Posts: 77,392
Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
  Reply With Quote
Old 06-12-2007, 03:58 PM   #307
Bowser Bowser is offline
Eff an A, Cotton!!
 
Bowser's Avatar
 

Join Date: Jan 2004
Location: In Transition
Casino cash: $13902
Quote:
Originally Posted by Donger
I don't know to what you are referring.



Colorado.
It was an article in the KCStar last week. I'll see if I can dig it up....
Posts: 52,461
Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.
  Reply With Quote
Old 06-12-2007, 04:01 PM   #308
Bowser Bowser is offline
Eff an A, Cotton!!
 
Bowser's Avatar
 

Join Date: Jan 2004
Location: In Transition
Casino cash: $13902
Here it is...

http://www.kansascity.com/128/story/141689.html
Posts: 52,461
Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.Bowser is obviously part of the inner Circle.
  Reply With Quote
Old 06-12-2007, 04:03 PM   #309
Valiant Valiant is offline
Valiant 'The Thread Killer'
 
Valiant's Avatar
 

Join Date: Jun 2001
Location: Kansas City
Casino cash: $730
Quote:
Originally Posted by Bowser
It was an article in the KCStar last week. I'll see if I can dig it up....

I loved that article.. Talked about how it was too expensive to do in the US, but then showed that oil companies did it all throughout Canada so they didn't loose any money..

Showed that some places the average temperature of gas was around 100 while pumping...
Posts: 15,188
Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.
  Reply With Quote
Old 06-12-2007, 04:05 PM   #310
Donger Donger is offline
"Think BOOM!"
 
Donger's Avatar
 

Join Date: Nov 2003
Location: 33.675° N 106.475° W
Casino cash: $1080
VARSITY
Quote:
Originally Posted by Bowser
Oh that? I wouldn't think that has much, if anything, to do with the present decline. Demand has dropped slightly, gasoline imports are up and refineries continue to add capacity.
__________________
I think the young people enjoy it when I "get down," verbally, don't you?
Posts: 77,392
Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
  Reply With Quote
Old 06-12-2007, 04:06 PM   #311
Donger Donger is offline
"Think BOOM!"
 
Donger's Avatar
 

Join Date: Nov 2003
Location: 33.675° N 106.475° W
Casino cash: $1080
VARSITY
Quote:
Originally Posted by Valiant
I loved that article.. Talked about how it was too expensive to do in the US, but then showed that oil companies did it all throughout Canada so they didn't loose any money..

Showed that some places the average temperature of gas was around 100 while pumping...
Well, they certainly could add the technology to compensate temperature differences at the retail level.

Do you want to pay for that equipment in every retail store in the country?
__________________
I think the young people enjoy it when I "get down," verbally, don't you?
Posts: 77,392
Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
  Reply With Quote
Old 06-12-2007, 04:07 PM   #312
Valiant Valiant is offline
Valiant 'The Thread Killer'
 
Valiant's Avatar
 

Join Date: Jun 2001
Location: Kansas City
Casino cash: $730
Quote:
Originally Posted by Bowser
It was an article in the KCStar last week. I'll see if I can dig it up....
http://www.kansascity.com/105/story/143182.html
Posts: 15,188
Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.
  Reply With Quote
Old 06-12-2007, 04:16 PM   #313
Valiant Valiant is offline
Valiant 'The Thread Killer'
 
Valiant's Avatar
 

Join Date: Jun 2001
Location: Kansas City
Casino cash: $730
Quote:
Originally Posted by Donger
Well, they certainly could add the technology to compensate temperature differences at the retail level.

Do you want to pay for that equipment in every retail store in the country?
Ohh **** off with your constant defense of the oil companies..

They are suppose to keep the temp. at 60degrees by the standard they do not... They paid to install those temp. gauges in Canada to keep it at the correct temp... Explain that one for me, they will follow the law when they lose money but will not when they gain money???

Oil company says it will cost 10k a pump to fix, a 3rd party says they make the exact same device for 300dollars each pump.. Donger of course will only believe the oil companies statements..

Bottom line is they have been doing this for decades make a couple extra billion a year off of it.. Now they are getting blasted by Congress and others for their illegal actions..

Your defense, we will have to pay for it???

They have already set the precedent for paying for the device.. And even if the average American had to pay for it it would be paid for in one year...

How much stock do you have in oil that you want them to illegally rip people off???
Posts: 15,188
Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.Valiant is blessed with 50/50 Hindsight.
  Reply With Quote
Old 06-12-2007, 04:21 PM   #314
Baconeater Baconeater is offline
I TOLD YOU NO ****ING KETCHUP
 
Baconeater's Avatar
 

Join Date: Sep 2005
Casino cash: $23108
I guess my first question is how is the fuel getting so hot? Most, if not all gas station tanks are underground where the temp is always around 55 degrees. Doesn't make sense to me. Nevertheless, the average temperature over a 365 day period in the midwest has to be right around 60 degrees so I can't see how it's impacting me. People in the south are getting screwed though.

Quote:
Originally Posted by Valiant
This is my favorite line from that article:
Quote:
Moreover, if consumers actually received more energy per gallon, they would likely be charged more for the gallon since they would be receiving more.
WTF? God forbid the consumer actually gets what he's paying for.
Posts: 52,795
Baconeater 's phone was tapped by Scott Pioli.Baconeater 's phone was tapped by Scott Pioli.Baconeater 's phone was tapped by Scott Pioli.Baconeater 's phone was tapped by Scott Pioli.Baconeater 's phone was tapped by Scott Pioli.Baconeater 's phone was tapped by Scott Pioli.Baconeater 's phone was tapped by Scott Pioli.Baconeater 's phone was tapped by Scott Pioli.Baconeater 's phone was tapped by Scott Pioli.Baconeater 's phone was tapped by Scott Pioli.Baconeater 's phone was tapped by Scott Pioli.
  Reply With Quote
Old 06-12-2007, 04:26 PM   #315
Donger Donger is offline
"Think BOOM!"
 
Donger's Avatar
 

Join Date: Nov 2003
Location: 33.675° N 106.475° W
Casino cash: $1080
VARSITY
Quote:
Originally Posted by Valiant
Ohh **** off with your constant defense of the oil companies..
I don't think they need defending. I merely try to explain the economics behind gasoline prices.

Quote:
Originally Posted by Valiant
They are suppose to keep the temp. at 60degrees by the standard they do not... They paid to install those temp. gauges in Canada to keep it at the correct temp... Explain that one for me, they will follow the law when they lose money but will not when they gain money???
As I understand it, Canada required the retailers to install the compensating equipment at the stores. US law does not require it, so it hasn't been done. And, FYI, the vast majority of retail stations aren't owned by the oil companies. Did you know that?

Quote:
Originally Posted by Valiant
Bottom line is they have been doing this for decades make a couple extra billion a year off of it.. Now they are getting blasted by Congress and others for their illegal actions..
There's nothing illegal about it. And, considering that we have seasons, and gasoline is regularly sold well below 60F, it actually more than evens out. Congresscritters really are NOT the best people to listen to about this...

Quote:
Originally Posted by Valiant
Your defense, we will have to pay for it???

They have already set the precedent for paying for the device.. And even if the average American had to pay for it it would be paid for in one year...
Sure. You're of the opinion that the retailers should just eat the cost?

Quote:
Originally Posted by Valiant
How much stock do you have in oil that you want them to illegally rip people off???
None.
__________________
I think the young people enjoy it when I "get down," verbally, don't you?
Posts: 77,392
Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump




All times are GMT -6. The time now is 03:33 AM.


This is a test for a client's site.
A new website that shows member-created construction site listings that need fill or have excess fill. Dirt Monkey @ https://DirtMonkey.net
Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.