So long recovering economy

[BackinBlackSS/RS]

Originally Posted by ssump29

I'll answer that for you. Just on 2-21-11, we delievered 9003 gallons of unleaded to our gas station that we own but lease out. The total cost with all the taxes and surcharge added in was 3.1296 per gallon. Right now the man who leases and runs it has the gas at 3.39. Now reason why he has taken it up so far is because by the time he runs out of that load and needs to re-up, the cost could be very well over 3.30-3.40 range. And if he buys that at that price and say the market starts heading down and forcing him to sale at 3.20 or so, that whole last load cost is being sold at a lost. So keep in mind if he doesn't make more then a few cents on that load he recently brought in, he would eventually start just dumping money into a losing business if doesn't put enough markup in the selling price to keep up with the future cost and unknown market adjustments.

Hope that helps.

Ok, I get that. Thanks.

[midnighter]

The main thing about high gas prices that sucks is how we get screwed at the grociery store too. Gas goes up, freight goes up, grocieries go up, my income stays the same but with decreased buying power.

[BackinBlackSS/RS]

Originally Posted by midnighter

The main thing about high gas prices that sucks is how we get screwed at the grociery store too. Gas goes up, freight goes up, grocieries go up, my income stays the same but with decreased buying power.

Well, you just have to buy the smaller box of ding dongs instead of that great big one.

[outlaw2]

Hit $4.86 last summer here and last night it shot to $3.80 a gallon and people where getting shitty with one another at the pump already...Time to ride the Harley more often but I'm sure going to go through Withdrawls of the M-6 426HP Camaro...BOHICA!!

[toesuf94]

This also decreases tax revenues at the Government levels as well: As a small business owner, we write off the mileage and fuel charges as a business expense right off the top - the more money out of pocket for me just adds up to less tax revenue for the FED and State government to take away. The shortsighted idiots in government cannot see that so they block us from getting our own oil to get us off the middle east's oil teat.

[Shu71]

Originally Posted by ssump29

I'll answer that for you. Just on 2-21-11, we delievered 9003 gallons of unleaded to our gas station that we own but lease out. The total cost with all the taxes and surcharge added in was 3.1296 per gallon. Right now the man who leases and runs it has the gas at 3.39. Now reason why he has taken it up so far is because by the time he runs out of that load and needs to re-up, the cost could be very well over 3.30-3.40 range. And if he buys that at that price and say the market starts heading down and forcing him to sale at 3.20 or so, that whole last load cost is being sold at a lost. So keep in mind if he doesn't make more then a few cents on that load he recently brought in, he would eventually start just dumping money into a losing business if doesn't put enough markup in the selling price to keep up with the future cost and unknown market adjustments.

Hope that helps.

That is a very good explanation of the process, much better than how I was trying to explain it to the guy across the pumps from me last night when filling up. It's not the gas stations themselves that are raking in the cash, it's the oil companies and those speculating and making money off the rise in oil prices.

Originally Posted by midnighter

The main thing about high gas prices that sucks is how we get screwed at the grociery store too. Gas goes up, freight goes up, grocieries go up, my income stays the same but with decreased buying power.

That is a great summary. Oil prices go up, everything has to go up because it takes oil to move products around this world. Fuel Surcharges have been in effect since 2001 when diesel fuel first broke the $1.50 per gallon barrier. Fuel then stabilized around that $1.50 per gallon rate until 2003 when it has steadily climbed since then. 2003 @ $1.50 per gallon over an average per government infaltion standards of 3% increase per annum equates to $1.85 per gallon (3% on top of 3% on top of 3%, etc). So gas prices have went well beyond standard US inflation which has forced the prices of many things, like food to also increase at a higher than standard inflation rate. What has not increased any faster than at best the 3% (false government reported standard inflation rate) is peoples pay. For the vast majority in the US their buying power is much less today than it was 7 to 10 years ago.

For me, I drive a 2005 Chevy Silverado 4x4 as my daily driver. I bought this in late 2004 when gasoline prices were about $1.65 per gallon average around here. The truck gets about 14.6 mpg. I drive about 480 miles per week to work and home. My wife drives about the same mileage but has a car that averages 22 mpg. So in 2004 we spent about $360 per month on gasoline. When fuel is averaging $3.30 per gallon, we are spending $360 per month more on fuel now than we did just a little over 6 years ago. So it is a big hit for us when fuel rises and thus our interest in purchasing a Camaro this summer. If fuel does hit the $5.00 rumored cost and I can get the Camaro and average 10 mpg better than the truck, I would save $265 per month on fuel alone. Gas prices affect me.

[Synergy1911]

I am glad my Camaro is my commuter car! My 8mpg Tahoe stays at home! All you that live outside CA have great prices on fuel. For example I can get Arco @ 3.55/gal here in CA, then drive across the border to AZ or NV and the price drops 20-30 cents! That is for the same damn fuel that comes from the same damn refinery here in CA. All of our fuel is taxed more! BOHICA is damn right! Time to revolt on Sac and the idiots that run this state!

[66olds442]

Offshore oil drilling FTW!!!!!!!!!!!!

[camarowa]

Paid $3.99 this morning already (premium).

[66olds442]

Originally Posted by Synergy1911

Sac and the idiots that run this state!

Those tards don't care, the idiots that continually re-elect them have no idea how much they are ruining their lives. They love to vote based on if there is an R or D instead of if that person is good for the state.

I lived in Nor Cal for most of my life and the few good politicians got ousted by crooks running smear campaigns. Google the Delta Smelt War and you'll find out lots about the tards I'm talking about.

[66olds442]

Originally Posted by brandotron

Attachment 209865

EPIC except I don't think thats a Canadian Goose.

[Synergy1911]

Originally Posted by 66olds442

Those tards don't care, the idiots that continually re-elect them have no idea how much they are ruining their lives. They love to vote based on if there is an R or D instead of if that person is good for the state.

I lived in Nor Cal for most of my life and the few good politicians got ousted by crooks running smear campaigns. Google the Delta Smelt War and you'll find out lots about the tards I'm talking about.

Trust me I know all about it! You are right this state is full of retards that vote based on feelings or emotion. Not what is best for the state or economy. If it wasn't for my career here I would be living in a free state!

[Asylum]

Why do Americans cry about gas prices? Us Canadians pay basically 4 - 5.00/gallon as it is right now, and we are YOUR supplier for fuel? Most of you don't even know that?

As is, right now, we are paying twice as much as you for use of our own fuel, god I don't understand how the world works


./ rant over.

[lakersftbl69]

Originally Posted by BigMatt

they say this every summer

True but if all this bad stuff keeps happening in the Mideast where we get our oil it could turn bad on us