Something to think about! Gas Prices.

[texas*princess]

Originally Posted by AlphaFrog

Simple economics tells you that this doesn't work, as that $3 Billion dollars just gets spent the day before or after.

not only that, but some people may not even need to gas up on the 15th.

since i live so close to work, i gas my car up once a month. imagine my shock when i went to the gas station and the cheap stuff was $2.70 a gallon when it was only $2.20 three or four weeks before. it's getting to the point where i need to fill up pretty soon and it's already $3/gallon for regular unleaded in my area.

it's definitely making me rethink the super duper high-performance sports car that i've been wanting because i'm pretty sure those require the premium stuff.. and making me rethink a possible transfer to our california office

[Kevin]

All of these hikes in energy costs have more-less been offset by some pretty huge gains in my portfolio... My folks have made out alright also... They sold some oil royalties awhile back and we just found out they drilled a gusher on that land

[jon1856]

Originally Posted by texas*princess

not only that, but some people may not even need to gas up on the 15th.

since i live so close to work, i gas my car up once a month. imagine my shock when i went to the gas station and the cheap stuff was $2.70 a gallon when it was only $2.20 three or four weeks before. it's getting to the point where i need to fill up pretty soon and it's already $3/gallon for regular unleaded in my area.

it's definitely making me rethink the super duper high-performance sports car that I've been wanting because I'm pretty sure those require the premium stuff.. and making me rethink a possible transfer to our California office

I too am just starting to look around at new cars and I was very surprised at just how many "normal" cars have premium gas suggested for use.

[Tom Earp]

Originally Posted by jon1856

I too am just starting to look around at new cars and I was very surprised at just how many "normal" cars have premium gas suggested for use.

Wow, that is interesting!!!

Ethanol now while cleaner burning gets last gas mileage but is replaceable. Oil, well goodby someday!

Maybe not buying for one day, then do as Kevin suggests, live closer to where you work!

I drive 4 1/2 miles a day to and from work and bank, in a Honda! I only put $20.00 a time in I need.
But, if you drive a gas hog and live a long way from your job, do you take the Metro of some kind to save?

Funny how many people want to get away from the Urban Sprawl and move to the Rural area and have land to cut more gas, drive farther, for peice and quiet?

Oh, KC is on a big down loft rebuilding, but not any place to shop. That too will come.

[Texas Beta]

Are you guys serious? This is the dumbest thing I have ever heard. Oil companies lose money selling gasoline. Gas is one of the most refined products of oil. Highly refined means it costs the oil companies quite a bit to make it, but they have to sell it at such a reasonable price so people still purchase it. Industial use is what causes the price to rise.

I was able to ask this question to a exxon v.p. Oil companies usually make slight profits from gas stations not from gas sales, but all the shit inside like cokes and candy.

[Drolefille]

Gas stations make the profits on the convenience store stuff, but I don't know why oil companies would see a dime of that. Most stations are locally owned and franchised and all that, not run by the oil companies.

[AlphaFrog]

Originally Posted by Texas Beta

I was able to ask this question to a exxon v.p. Oil companies usually make slight profits from gas stations not from gas sales, but all the shit inside like cokes and candy.

And a high-up oil company exec would never be anything but 100% honest and forthright with information about their profit & loss, right.

[macallan25]

Actually he is exactly right.

[KSig RC]

Originally Posted by macallan25

Actually he is exactly right.

Then it should be relatively easy to show exactly what % of gas prices are currently related to the refining process, and how (and why) that cost has outstripped inflation by a wide margin over the last, say, 30 years, no?

Or was gasoline a loss leader until 2007?