H.E. Pennypacker

Microsoft and Apple make that much profit an hour as well if you do the math. it's big business, nothing wrong with making a profit.

1994Vmax

iTrader: (4)

$1.25 a liter for premium here. Or $4.72 a gallon for you US folks. The market and speculation is pushing the prices to the moon....... just like always. So when your market crashes again you can blame the analysts, the commodity speculators, the brokers and so on. Really that's all it boils down too.....

I work for an oil company and they pay for my fuel costs in my charge out, lol. Oh the vicous cycle.

Gas should break some new records this year at the pump. No this won't crash your economy necessarily....... you had a lot more things going on in the 2008 crash then just rising oil prices that caused the American Economy to take a dump. This just won't help "recovery" so to speak.

That said I don't mind, and in fact I hope people start dumping trucks like mad as I will take advantage of cheap prices.

01WS6/tamu

iTrader: (36)

Man I can't wait for truck prices to tank want to get the wife a new tahoe. In 08 when everything took a dump I found a brand new 07 NBS truck still left on the lot in october short crew 4x4 v-max and with gas so high they couldn't sell it. Got it out the door for 19,250 TTL incl.

JFOLM

iTrader: (8)

Open up your own dealership.

JFOLM

iTrader: (8)

Nice!

01WS6/tamu

iTrader: (36)

Shoulda kept it it was a month short of being paid for. But oh no couldn't have that got itchy pants for a 6.2 so got another 2 years to go before this ones paid for.

quicksilverado

iTrader: (8)

Gas companies make about 5-7 cents for each gallon they sell. The govt makes about 40 cents for every gallon sold. Multiply the amount of money the oil companies make by 7 or 8 times and that is what the govt makes for doing nothing. The gas companies have billions of dollars invested to make that money. They have to search for the oil reserves, drill for it, transport it and refine it. The govt forces the oil companies to make about 40 different blends of gas for different areas and times of the year. The govt has 0 invested. The gas has to be transported, which cost money. Gas stations make a few cents a gallon. Most of the profits go to investors, ie. mutual funds, retirement accounts etc. You tell me who is making the money.

A Low Dime

iTrader: (13)

I bought a full size truck because thats what I wanted to drive everyday, so Ill be driving it at $1.00 a gallon or $4.00 a gallon.

nonnieselman

iTrader: (10)

went thru town yesterday on the way home and saw 87oct was 3.85 and 93 was 4.10.

ive been burning over $100 a week just goin to work.

pasadenaman

iTrader: (3)

I am not going to go into a rant but Big oil is not the problem, the lack of refineries due to EPA not approving permits and this administration doing everything in their power to push his green agenda to make fuel expensive.

More oil available to the market = lower prices.
Imagine the costs involved in having to have a tanker bring oil from the over seas, that gets added to the cost of refining it.

Now, if could get the magority of our oil supply here from our ground or Canada(Pipeline that Obama said no to) maybe we could get lower prices since the speculators would have to adjust to the extra oil in our local market.

If you don't beleive more drilling would lower fuel prices, remember what happens when hurricanes take out a few rigs, there is immediate impact to the price you pay and speculators have a field day.