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Author Topic: Gas prices in your area  (Read 238200 times)

Offline Mike M

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Re: Gas prices in your area
« Reply #30 on: February 25, 2008, 09:05:34 PM »
Quote from: lfmusiclover on February 20, 2008, 03:12:47 PM
That's what they want. They want to make as much money as possible.
Why worry about making money when they can worry about people who can't afford these prices? Another 50 cents and I might not be able to afford to run a car anymore. :wacko:
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Offline LFMusicFan

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Re: Gas prices in your area
« Reply #31 on: February 25, 2008, 09:08:54 PM »
About $3.30 here. <_<
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Offline lfmusiclover

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Re: Gas prices in your area
« Reply #32 on: February 25, 2008, 09:30:25 PM »
Quote from: MikeM2010 on February 25, 2008, 09:05:34 PM
Quote from: lfmusiclover on February 20, 2008, 03:12:47 PM
That's what they want. They want to make as much money as possible.
Why worry about making money when they can worry about people who can't afford these prices? Another 50 cents and I might not be able to afford to run a car anymore. :wacko:

They don't care about that. :no:
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Offline Localonthe8s

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Re: Gas prices in your area
« Reply #33 on: February 25, 2008, 09:34:43 PM »
Was Hrricane Katrina a reason that the gas prices were high?
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Offline Alejandro

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Re: Gas prices in your area
« Reply #34 on: February 25, 2008, 09:35:13 PM »
Keyword: Greed!
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Offline Concentric Eyewall

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Re: Gas prices in your area
« Reply #35 on: February 25, 2008, 09:58:29 PM »
The high prices the oil companies pass to us are really only slightly lower than what they had to pay to get it, so it's not like they get it for extremely cheap, and then jack up the costs before it gets to you.
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Offline lfmusiclover

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Re: Gas prices in your area
« Reply #36 on: February 25, 2008, 11:28:03 PM »
Then how else could you explain the earth shattering, record breaking profits they continue to reel in? That's not possible if they have to pay anything close to what we pay.
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Offline Concentric Eyewall

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Re: Gas prices in your area
« Reply #37 on: February 25, 2008, 11:38:10 PM »
Consuming 400 millions of gas a day could have something to do with it :whistling:
« Last Edit: February 25, 2008, 11:41:32 PM by Concentric Eyewall »
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Offline lfmusiclover

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Re: Gas prices in your area
« Reply #38 on: February 25, 2008, 11:39:10 PM »
Yes but if they are only charging us SLIGHTLY more than they pay, there's no way they'd be able to make such tremendous profits.
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Offline Concentric Eyewall

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Re: Gas prices in your area
« Reply #39 on: February 25, 2008, 11:45:32 PM »
Even if the gas companies figured in 1 cent per gallon in profits, at that rate they still would make $146 million in a year.

IOW, if they pay say $2.43 to obtain that oil, and sell it for say $2.50, they would still make $1 billion in a year.
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Offline lfmusiclover

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Re: Gas prices in your area
« Reply #40 on: February 25, 2008, 11:47:56 PM »
I see what your saying, but I still don't think its the only factor. Especially since it seems that only one oil company is making such huge profits. If they all were making such profits, then that argument would be much more feasible.
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Offline Concentric Eyewall

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Re: Gas prices in your area
« Reply #41 on: February 25, 2008, 11:52:33 PM »
You're right, it isn't as cut and dry as I stated.  I never factored in things like production costs, the state of the market, etc.

There may have been one only company who made record profits, but certainly the other companies were certainly getting fat off their oil revenues as well :yes:
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Offline lfmusiclover

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Re: Gas prices in your area
« Reply #42 on: February 26, 2008, 12:02:49 AM »
Oh I certainly agree. They all are making a killing, no questions asked.
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Offline Alejandro

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Re: Gas prices in your area
« Reply #43 on: February 26, 2008, 02:48:29 PM »
3.05 @ Hess
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Offline LFMusicRocks

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Re: Gas prices in your area
« Reply #44 on: February 26, 2008, 07:55:41 PM »
Quote from: Victor on February 25, 2008, 08:29:47 PM
Quote from: LFMusicRocks on February 25, 2008, 07:46:24 PM
$3.09 last week. $319 this time
WTF?! $319 for gas! :blink:


I hope you meant 3. 19

My bad, I meant $3.19. Forgot to put the decimal point after 3. Sorry :(
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