Oil prices down substantially; gas price in your area?

#51
#51
BigOrangeMojo said:
It's not collusion, per se, but stores will use an increase in commodity prices to immediately raise prices even if the price increase isn't hitting them yet.

On dips in oil prices, they wait for a competitor to drop prices. There's some lag here.

Gas stations make their profit largely on the upward and downward lags. If oil stayed constant, gas stations wouldn't make as much $$$...
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I perfectly understand market dynamics and the fact that wholesale buyers have to raise prices in order to cover replacement costs/ I get it.

But still... you hardly ever see prices drop as fast when prices go down as you see in the opposite direction.
 
#52
#52
Rasputin_Vol said:
I perfectly understand market dynamics and the fact that wholesale buyers have to raise prices in order to cover replacement costs/ I get it.

But still... you hardly ever see prices drop as fast when prices go down as you see in the opposite direction.
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I Agree with you. They don't.
 
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#54
#54
Talked with a guy at that works in purchasing department for a large chain of stations and he confirmed it is about making as much money as possible. He said the companies just hold prices up for as long as they can and then drop them as needed based on competition. He said that is why you can have small towns in the middle of no where with gas at $2.79 for months while Knoxville was still around $3.10 or so (our discussion was a few months back). Prices were real differences I provided to him after see them on holiday travel. He said even though it does cost more to get the gas to the smaller town, it still cheaper there likely due to competition. One of the stations in town dropped their price and others had to follow suit or at least get close. For the larger market, more likely controlled by a few businesses, he basically said when everyone's best profit interest is to keep prices high, why would anyone drop them if they didn't have to do so?

For those in Knoxville, I think this is why you can see Speedway dropping their prices about $0.20-0.30 cheaper than everyone for a few days, but then returning back to the "norm". Why not try to pick up a few extra visitors with cheaper prices if you can do so.
 
#55
#55
Lmfao...this garbage administration has Carter level runaway inflation, groceries are killing everybody i know not to mention the fact that our entire lives savings now has 20% LESS PURCHASING POWER than it had when Trump left office...we are entangled in a foreign war in Europe in a non- NATO country that has nothing to do with American life whatsoever and our 2 greatest enemies in Russia and China just got their leaders together to jerk eachother off publicly to let the whole world KNOW that they are best buddies intent on our destruction!!!

What the absolute F!@K are you talking about gas prices for??? You have got to be the most tone deaf partisan shill on Earth!!

We were a NET PRODUCER of oil under president Trumps dumbazz just a couple years ago....Bidens worthless , crooked, chinese paid-for and prison bound azz put an end to that by EO within his first 48 hours in office just to make SURE that he was actually dead wrong and stupid in regards to literally every single fecking thing he has done since the day he was elected
....seriously. The worst president by FAR....BY FECKING MILES..in my entire 45 years of life.

You are a moron LG and a troll
But you know this.
 
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#61
#61
K-town Vol Fan said:


Hmmm
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Exxon is a publicly traded company. Its biggest share holders are institutional investors like Vangurad etc. Exxons job is to make money for its investors. Public unions, as well as 401K holders, invest their money with these institutional investors. Why don't you like the idea of Teachers, firefighters, police, and YOU and I to retire?
 
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#64
#64
marcusluvsvols said:
Lmfao...this garbage administration has Carter level runaway inflation, groceries are killing everybody i know not to mention the fact that our entire lives savings now has 20% LESS PURCHASING POWER than it had when Trump left office...we are entangled in a foreign war in Europe in a non- NATO country that has nothing to do with American life whatsoever and our 2 greatest enemies in Russia and China just got their leaders together to jerk eachother off publicly to let the whole world KNOW that they are best buddies intent on our destruction!!!

What the absolute F!@K are you talking about gas prices for??? You have got to be the most tone deaf partisan shill on Earth!!

We were a NET PRODUCER of oil under president Trumps dumbazz just a couple years ago....Bidens worthless , crooked, chinese paid-for and prison bound azz put an end to that by EO within his first 48 hours in office just to make SURE that he was actually dead wrong and stupid in regards to literally every single fecking thing he has done since the day he was elected
....seriously. The worst president by FAR....BY FECKING MILES..in my entire 45 years of life.

You are a moron LG and a troll
But you know this.
Click to expand...
www.eia.gov

U.S. crude oil exports reached a record high in first half of 2023 - U.S. Energy Information Administration (EIA)

www.eia.gov www.eia.gov
 
#66
#66
lawgator1 said:
www.eia.gov

U.S. crude oil exports reached a record high in first half of 2023 - U.S. Energy Information Administration (EIA)

www.eia.gov www.eia.gov
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Didn’t read it all did you?

Although exports increased in the first half of 2023, the United States still imports more crude oil than it exports, meaning it remains a net crude oil importer. The United States continues to import crude oil despite rising domestic crude oil production in part because many U.S. refineries are configured to process heavy, sour crude oil (with a low API gravity and high sulfur content) rather than the light, sweet crude oil (with a high API gravity and low sulfur content) typically produced in the United States.
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#69
#69
marcusluvsvols said:
Lmfao...this garbage administration has Carter level runaway inflation, groceries are killing everybody i know not to mention the fact that our entire lives savings now has 20% LESS PURCHASING POWER than it had when Trump left office...we are entangled in a foreign war in Europe in a non- NATO country that has nothing to do with American life whatsoever and our 2 greatest enemies in Russia and China just got their leaders together to jerk eachother off publicly to let the whole world KNOW that they are best buddies intent on our destruction!!!

What the absolute F!@K are you talking about gas prices for??? You have got to be the most tone deaf partisan shill on Earth!!

We were a NET PRODUCER of oil under president Trumps dumbazz just a couple years ago....Bidens worthless , crooked, chinese paid-for and prison bound azz put an end to that by EO within his first 48 hours in office just to make SURE that he was actually dead wrong and stupid in regards to literally every single fecking thing he has done since the day he was elected
....seriously. The worst president by FAR....BY FECKING MILES..in my entire 45 years of life.

You are a moron LG and a troll
But you know this.
Click to expand...

You have no idea what you're talking about. Another nonsense rant.....
 
#72
#72
K-town Vol Fan said:


Hmmm
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You do know, that when inputs needed to produce a product increase that, the price of the product will also increase? If you sell comparable volumes of a product at higher prices, then by very simple math (assuming profit margin stays the same), there will be a corresponding increase in profits. It's not magic; it's math. If you want to get to the root of the problem, it's the dems war on oil ... all in the name of "climate change" and good ole fashioned totalitarianism. If the dems keep it up, the looming economic crash will take care of "excess profits" in the future, though.
 
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#73
#73
AM64 said:
You do know, that when inputs needed to produce a product increase that, the price of the product will also increase? If you sell comparable volumes of a product at higher prices, then by very simple math (assuming profit margin stays the same), there will be a corresponding increase in profits. It's not magic; it's math. If you want to get to the root of the problem, it's the dems war on oil ... all in the name of "climate change" and good ole fashioned totalitarianism. If the dems keep it up, the looming economic crash will take care of "excess profits" in the future, though.
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Whoa whoa its the sanctions on Russia, Venezuela and Iran also. Biden was forced to deplete our strategic reserves and to go begging Maduro and MBS.

1699216478533.png
 
#74
#74
Rasputin_Vol said:
Whoa whoa its the sanctions on Russia, Venezuela and Iran also. Biden was forced to deplete our strategic reserves and to go begging Maduro and MBS.

View attachment 593094
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There are a lot of factors. The idiot dumped our strategic reserves to no good end - a gesture to try and save face over his and the dem nonsensical oil policies. IF dem administrations weren't anti oil and provided any assurance at all to oil companies, the oil companies might consider building new or modifying existing refineries to process US produced oil. That would not eliminate world pricing because of commodities markets, but it would provide a domestically produced supply necessary for our strategic safety. The big "if" on that is whether investment markets would buy into long term projects; that's doubtful; and with the dem war on oil, never gonna happen. Our impending downfall is that our entire energy infrastructure depends on long term investments, and investment markets aren't interested in any thing but short term profits.

You have a point about sanctions and OPEC taking advantage of things. With Russian oil flooding the oil market, OPEC's position was weakened. The Russian oil boom also made it easy for Pootin to get stupid and decide to put the gang back together ... only the rest of the gang don't want anything to do with Russia again. We helped put it all in place by electing biden and his destabilizing gang of fools, and OPEC is laughing all the way to the bank again - just like they did when gouging the world back in the 70s.
 
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#75
#75
lawgator1 said:
Gas prices are down on the order of 15 percent in the last few weeks. But gas where I am is UP, about 7 to 8 percent higher it would seem.

I've said it before and say it again: the DAY after oil prices rise, gas goes up. But the reverse is far from true.

Collusion ?
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All right, what have you done with LG? This I'd the first thread, that i can recall, where you are not dogging conservative.
 
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