Gas prices

[marshmellow]

Not good for the local economy (i.e. jobs).
If prices stay down, all sectors will begin to feel it soon!

[Top Dawg]

I don't no feel one bit bad for oil companies. They have been raping the consumer long enough. I will take a few months of low fuel prices. We all know it's going back up.

[papap]

Originally Posted by Top Dawg

I don't no feel one bit bad for oil companies. They have been raping the consumer long enough. I will take a few months of low fuel prices. We all know it's going back up.

So if oil companies are raping you. How about WalMart and every other company.

[PUREBAY2200]

Originally Posted by Top Dawg

I don't no feel one bit bad for oil companies. They have been raping the consumer long enough. I will take a few months of low fuel prices. We all know it's going back up.

Agreed!!

[TexasDux]

Originally Posted by Top Dawg

I don't no feel one bit bad for oil companies. They have been raping the consumer long enough. I will take a few months of low fuel prices. We all know it's going back up.

The federal government and state tax makes more per gallon than the production companies per gallon. Blame the government for the .40 per gallon tax.

Sent from my SAMSUNG-SM-N900A using Tapatalk

[marty f]

Originally Posted by TexasDux

The federal government and state tax makes more per gallon than the production companies per gallon. Blame the government for the .40 per gallon tax.

Sent from my SAMSUNG-SM-N900A using Tapatalk

agreed!

I have a buddy that owns a gas station, he makes 5 cents on each gallon, so for every $20 you spend in fuel he makes 1$, to run the business, keep the pumps on, lights and employees. So when I fill up my truck (40 gal) he only makes 2$ off me. When I fill up my 24yr old civic he makes .65 cents (I don't let it get below 1/2 on that car)

The distributor is about the same margin. But the state and feds take as much as 40 cents per gallon.

[specktator]

Originally Posted by marty f

agreed!

I have a buddy that owns a gas station, he makes 5 cents on each gallon, so for every $20 you spend in fuel he makes 1$, to run the business, keep the pumps on, lights and employees. So when I fill up my truck (40 gal) he only makes 2$ off me. When I fill up my 24yr old civic he makes .65 cents (I don't let it get below 1/2 on that car)

The distributor is about the same margin. But the state and feds take as much as 40 cents per gallon.

I am a fuel distributor and I can promise you your buddy is making more than $.05 a gallon. Especially right now with these crazy prices. Unless he owns a Race Trac or Tobacco Plus or something similar. Which they are making more than $.05 a gallon as well. Margins for distributors are very minimal though.

Rack Price on Unleaded today is $1.297 +
.384(taxes) +.003 (fees)=$1.684

The distributor probably makes $.08-.10 a gallon off him so he's getting it for $1.78-$1.80/gallon.

But if he's only adding $.05 to it, he must be moving a whole lot of fuel or getting screwed by his distributor. Tell him to call me!!

[marty f]

Originally Posted by specktator

I am a fuel distributor and I can promise you your buddy is making more than $.05 a gallon. Especially right now with these crazy prices. Unless he owns a Race Trac or Tobacco Plus or something similar. Which they are making more than $.05 a gallon as well. Margins for distributors are very minimal though.

Rack Price on Unleaded today is $1.297 +
.384(taxes) +.003 (fees)=$1.684

The distributor probably makes $.08-.10 a gallon off him so he's getting it for $1.78-$1.80/gallon.

But if he's only adding $.05 to it, he must be moving a whole lot of fuel or getting screwed by his distributor. Tell him to call me!!

This is in AR, as well a few yrs ago when fuel was ALOT more, so maybe not TODAY, he said his biggest competitor was walmart in the little town hes in, and he does what he can to be competitive. Ron has no reason to feed me a line, I believe him. If I can I do not buy fuel from walmart

[specknation]

Originally Posted by specktator

I am a fuel distributor and I can promise you your buddy is making more than $.05 a gallon. Especially right now with these crazy prices. Unless he owns a Race Trac or Tobacco Plus or something similar. Which they are making more than $.05 a gallon as well. Margins for distributors are very minimal though.

Rack Price on Unleaded today is $1.297 +
.384(taxes) +.003 (fees)=$1.684

The distributor probably makes $.08-.10 a gallon off him so he's getting it for $1.78-$1.80/gallon.

But if he's only adding $.05 to it, he must be moving a whole lot of fuel or getting screwed by his distributor. Tell him to call me!!

I have interest in a gas station here locally in the Hammond area, and .04 to .06 is the average profit on a gallon of gas. It's rare to make any more than that, and if you figure keeping gas pump equipment pumps, credit card readers, etc... that figure is more like .03 per gallon, its just a reason to get people in to buy other things.

[Gerald]

I saw gas as low as $ 2.09 today in Lake Charles. Most stations were about $ 2.15.

[Trout rivers]

Its definitely hurting my paycheck! But gas is like a monthly bill 200 to 400$ a month
Pros and cons of it all

[swampman46]

People here that work for oil companies I'm sure will dissagree, but it's hard to imagine the oil companies are actually losing money right now. No doubt they're "losing out" on money-big difference. Seems I read where Exxon-Mobil net income for third quarter was like $8 trillion? Staggering. I realize not all companies are like Exxon-just posting an example.

[papap]

Originally Posted by swampman46

People here that work for oil companies I'm sure will dissagree, but it's hard to imagine the oil companies are actually losing money right now. No doubt they're "losing out" on money-big difference. Seems I read where Exxon-Mobil net income for third quarter was like $8 trillion? Staggering. I realize not all companies are like Exxon-just posting an example.

Exxon pays more taxes than they make profit in the USA. Most of exxon's income comes from overseas.

[swampman46]

Originally Posted by papap

Exxon pays more taxes than they make profit in the USA.

Show me documentation for that info.

[Top Dawg]

Originally Posted by swampman46

People here that work for oil companies I'm sure will dissagree, but it's hard to imagine the oil companies are actually losing money right now. No doubt they're "losing out" on money-big difference. Seems I read where Exxon-Mobil net income for third quarter was like $8 trillion? Staggering. I realize not all companies are like Exxon-just posting an example.

Once u get a taste of that $200/barrel it's hard to go back to blue collar status.

["W"]

Originally Posted by swampman46

People here that work for oil companies I'm sure will dissagree, but it's hard to imagine the oil companies are actually losing money right now. No doubt they're "losing out" on money-big difference. Seems I read where Exxon-Mobil net income for third quarter was like $8 trillion? Staggering. I realize not all companies are like Exxon-just posting an example.

No oil company is losing they are not making higher %

Most oil companies sell future oil at set prices 6 months a head

So I would say most are locked on at $65-$80bbl

As far as jobs the ones who take the lick hardest is the drilling side which I feel for those hard working families !

I'm very fortunate that my job will always be safe as long as gas and oil gets sold down the pipelines

[Riceland]

Originally Posted by swampman46

People here that work for oil companies I'm sure will dissagree, but it's hard to imagine the oil companies are actually losing money right now. No doubt they're "losing out" on money-big difference. Seems I read where Exxon-Mobil net income for third quarter was like $8 trillion? Staggering. I realize not all companies are like Exxon-just posting an example.

3Q net was 8 billion. Sounds like a lot but what did they spend to make that 8 billion?

[BassYakR]

25 bux cheaper to fill up my truck.... ill take that for a couple months... itll be back up to normal prices by Feb

[alphaman]

Obama's fault

[Trout rivers]

I transport the raw crude and we get the short end of the stick as well