Now that oil is $57 a barrel. . .

#26
#26
There is always an excuse for oil prices to rise.

Summer = Peak Driving Season
Fall = Hurricane Season
Winter = Peak Heating Oil Use
Spring = Refinery Repairs

I guess we can add geopolitical unrest and future speculation to boot....to fill in the rest of the gaps. My guess (pure speculation) is oil will probably end up settling around $80/bbl and OPEC will control supplies to keep it there.
 
#27
#27
BigPapaVol said:
Ginn has nothing to do with the refining company.

Ginn just happened to name its development Tesoro instead of something like Timber Trails or Meadowview. Ginn is the developer and Tesoro is the development.
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OK. While Google may be your friend, Google Finance may jump up and bite you.

Damn those quick looks.
 
#28
#28
droski said:
no i don't agree. the gas price you pay has to do with the refiners who were losing money like crazy when oil was $140 a barrel. edit: in other words you were paying less at the pump than you should have been with oil at $140. the drillers were making a lot of money, but their margins still ran at 10% and they were receiving the market price. no more, no less. not exactly highway robbery.
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How does this explain wild price per gallon fluctuations in September at gas stations across a single city?
 
#32
#32
UT IE 95 said:
ehhh. I'm skeptical about two BP stations across town with a .30/gal difference.
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we had stations across the street that were .50 cents difference...the guy with the higher price knew the other station would run out and everyone would then come buy his
 
#33
#33
UT IE 95 said:
How does this explain wild price per gallon fluctuations in September at gas stations across a single city?
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T-TownVol said:
we had stations across the street that were .50 cents difference...the guy with the higher price knew the other station would run out and everyone would then come buy his
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haha that must be big oils fault... right?

because they control everything...

If Apu want to rip you off, then he will do so and defer any blame to "Big Oil"
 
#34
#34
UT IE 95 said:
How does this explain wild price per gallon fluctuations in September at gas stations across a single city?
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It depends on the distributor’s purchasing and inventory management strategies, i.e. how much they purchase at a time and how much inventory they keep on hand. The more aggressive their inventory management, the more they were affected by the shortage.

UT IE 95 said:
ehhh. I'm skeptical about two BP stations across town with a .30/gal difference.
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This would depend on whether these two stations are owned by the same company. If they are both corporate stores or owned by the same franchisee, your skepticism is understandable.
 
#36
#36
jcwvolfan said:
It depends on the distributor’s purchasing and inventory management strategies, i.e. how much they purchase at a time and how much inventory they keep on hand. The more aggressive their inventory management, the more they were affected by the shortage.



This would depend on whether these two stations are owned by the same company. If they are both corporate stores or owned by the same franchisee, your skepticism is understandable.
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Good post. Thanks.
 
#37
#37
VolsNSkinsFan said:
haha that must be big oils fault... right?

because they control everything...

If Apu want to rip you off, then he will do so and defer any blame to "Big Oil"
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As a consumer I don't care if it's "big oil" or the local yocal ripping me off. I just know when I'm getting the shaft and this summer/fall was a prime example of the American people taking it in the nethers.
 
#38
#38
UT IE 95 said:
As a consumer I don't care if it's "big oil" or the local yocal ripping me off. I just know when I'm getting the shaft and this summer/fall was a prime example of the American people taking it in the nethers.
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Capitalism is great!

Ride a bike, walk, buy a hybrid etc.
 
#39
#39
justingroves said:
Capitalism is great!

Ride a bike, walk, buy a hybrid etc.
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Like I've told anyone who will listen. Gas prices are ultimately our own fault. I'd pay $10/gal and they know it. It stinks, but I have a choice, and I choose to drive a gas guzzler.
 
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