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-   -   News Donger on Suicide Watch: Oil Nears $100 a Barrel (https://chiefsplanet.com/BB/showthread.php?t=190418)

xbarretx 09-02-2008 01:44 PM
Quote:
Originally Posted by Iowanian (Post 4970866)
COME OOOOOOOOOOOOOON DOOOOOOOOOOOOOOOOOOOOWN!

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Until the PRICE IS RIGHT
REP LMAO ROFL

MOhillbilly 09-02-2008 01:45 PM
Quote:
Originally Posted by Deberg_1990 (Post 4970506)
We will never see gas below $2 a gallon ever again. Maybe not even $2.50
paid 3.29 all lastweek. went up 20 c over the weekend, down 10 c this morning.

xbarretx 09-02-2008 01:46 PM
its funny, how in such a market speculators can make money BOTH when the prices spikes as well as when the bottom drops out :shake:

chasedude 09-02-2008 01:50 PM
It has stayed 3.59 here in NE KS for 4 weeks straight, yet the price of crude continues to plummet. I think there's some gouging going on somewhere.

Donger 09-02-2008 01:52 PM
Quote:
Originally Posted by Hydrae (Post 4971009)
It would if the arguement for it going up as soon as the crude price goes up wasn't so that they can afford the next load. So the price goes up immediately to cover the next shipment but the price stays up to pay for what they have in the tank already. :shake:
That's precisely what happens. If they see crude going up, they know that they have to raise prices immediately, because their next shipment is going to cost more.

It's the replacement cost.

And, the price isn't staying up. It has dropped.

Donger 09-02-2008 01:56 PM
Quote:
Originally Posted by GoBo (Post 4971012)
Sure is funny that when prices are going up, it's about the replacement cost, and when it's going down it's about what he paid for what is in the tank. Why don't you just call it what it really is?
I have explained it as best I can.

Lzen 09-02-2008 01:57 PM
Quote:
Originally Posted by GoBo (Post 4971012)
Sure is funny that when prices are going up, it's about the replacement cost, and when it's going down it's about what he paid for what is in the tank. Why don't you just call it what it really is?
Greed?

Iowanian 09-02-2008 01:58 PM
This makes sense.....but it also solidifies my anger that when the gulf storm farts...the gas, already in those tanks goes up that night.....


Quote:
Originally Posted by Donger (Post 4970998)
Because retail prices drop more slowly than they increase. Think of it this way:

When gasoline prices are dropping in response to crude dropping, the retailer is still selling gasoline that he bought when crude was higher. So, in order to not lose too much money on the inventory he has in his tanks, he drops his prices as slowly as possible.

Make sense?

Lzen 09-02-2008 02:00 PM
Quote:
Originally Posted by Donger (Post 4971043)
That's precisely what happens. If they see crude going up, they know that they have to raise prices immediately, because their next shipment is going to cost more.
Yes, because everyone knows that those Cstores are just skimping by from week to week. :rolleyes:

Bugeater 09-02-2008 02:00 PM
Quote:
Originally Posted by Lzen (Post 4971064)
Greed?
Well, in Donger's words, it's "maximizing profits".

Hydrae 09-02-2008 02:02 PM
Quote:
Originally Posted by Donger (Post 4971043)
That's precisely what happens. If they see crude going up, they know that they have to raise prices immediately, because their next shipment is going to cost more.

It's the replacement cost.

And, the price isn't staying up. It has dropped.
But when the price is dropping they are not charging the replacement cost, they are charging the current cost. It definitely feels like they are working both ends of the situation.

Donger 09-02-2008 02:04 PM
Quote:
Originally Posted by Hydrae (Post 4971086)
But when the price is dropping they are not charging the replacement cost, they are charging the current cost. It definitely feels like they are working both ends of the situation.
Absolutely, it is both.

"What did I pay for what is in my tank now? What do you I need to charge in order to not lose money?"

and

"What is the price of crude doing now? What should I be charging in order to cover my next purchase?"

RJ 09-02-2008 05:00 PM
Quote:
Originally Posted by eazyb81 (Post 4970361)
My only concern with the drop over the past month or so is that we will put all these wonderful energy plans on the back burner because we think everything is back to normal. We still need to push for off-coast drilling and searching for alternative fuels.


I have the same concern. Hopefully everyone will remember the $4 gas and stay on the elected officials to get some things done.

RJ 09-02-2008 05:10 PM
Quote:
Originally Posted by Donger (Post 4971043)
That's precisely what happens. If they see crude going up, they know that they have to raise prices immediately, because their next shipment is going to cost more.

It's the replacement cost.

And, the price isn't staying up. It has dropped.


Yes, I see. If next week's gas is going to cost more than this week's gas I need to pay more for my gas this week so the station can pay for next week's shipment.......even though I don't want next week's gas and in fact just want to buy this week's gas. But if the price of crude drops then the price of next week's gas might go down, even though it's the same gas.

Do I have it right?

Skip Towne 09-02-2008 05:15 PM
Quote:
Originally Posted by RJ (Post 4971569)
Yes, I see. If next week's gas is going to cost more than this week's gas I need to pay more for my gas this week so the station can pay for next week's shipment.......even though I don't want next week's gas and in fact just want to buy this week's gas. But if the price of crude drops then the price of next week's gas might go down, even though it's the same gas.

Do I have it right?
You're confusing next week's gas with last week's gas. How can they keep setting record profits if things aren't confused?


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