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$3.45 this AM in Jersey for regular is what I paid
How many billions did Exxon post in profits for the first quarter with Chevron not to far behind?!?!?
They are one of the largest companies in the world with enormous amounts of invested capital....looking at the sheer dollars of profit and not at a percentage is probably not the best starting point for building a cohesive argument. You may also want to reflect upon if the profit is coming from extraction from established assets or from refining.
They are one of the largest companies in the world with enormous amounts of invested capital....looking at the sheer dollars of profit and not at a percentage is probably not the best starting point for building a cohesive argument. You may also want to reflect upon if the profit is coming from extraction from established assets or from refining.
liberals don't understand economics. they see big profit numbers posted and think they are getting screwed by "big oil" when in fact it is the government and the banking elite that are screwing us.
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,763,471 times
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I don't know what I pay in Atlanta but it is not bothering me. I don't have a monster SUV (did once but got rid of it) and I only drive 3.5 miles to the subway station and ride the train the other 14 miles to work.
I heard once, I don't know how true this is, but I heard gas stations make about 1 cents on the gallon? Does anyone really know?
I heard it was 3 or 4 cents a gallon which seems more reasonable. Most stations are just a facade for big oil companies who use them to pay attendants coolie wages to push poison into the air. Big oil doesn't want to screw people at the buyer level; they want to screw them at the production and processing levels. But then again, it's all supply and demand. Or is it, since we don't have a real free market.
I heard it was 3 or 4 cents a gallon which seems more reasonable. Most stations are just a facade for big oil companies who use them to pay attendants coolie wages to push poison into the air. Big oil doesn't want to screw people at the buyer level; they want to screw them at the production and processing levels. But then again, it's all supply and demand. Or is it, since we don't have a real free market.
The biggest driver in the price increase of gas is the fact that we IMPORT a lot of our oil and the US Dollar is worth MUCH less than it once was due to our spending and banking etc. If the Dollar was at it's previous strength....gas would be easily <$3 a gallon. Please tell me you understand how exchange rates impact imported goods?
What confuses me is that for large portions of the past 10-20 years gas has been very very cheap in this country. Now with global demand up (google global oil consumption ie) DEMAND and a decreasing available supply of easy to get to oil ie) SUPPLY....and the same oil companies have been around the whole time.
Seriously, the major culprits are our own over-consumption and our fiscal policies and we could do without partisan political conspiracy theories about "Big Oil" which are just used to try to BS the financially illiterate and inumerate types.
I would hope to see more posts supported by facts, logic or education on the topic. I don't wander into the motorcycle forum and start saying Harley's are terrible or opining on the NHL draft....two topics that I haven't a clue about. Let's try to steer away from the Michael Moore and Rush Limbaugh type garbage.
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