New Hyundai MUSCLE CAR !!!!!!

  • Thread starter Thread starter Tunez
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Eric said:
Ah, now you hit the nail on the head. Fixed percentages. So at $1/gal.
they make $0.20 and at $4/gal. they make $0.80. Seems fair. Especially
when you consider the government regualtion on other "commodities" like
MILK, CORN, SOY, where the profit is a fixed $$ amount per unit, not a
percentage. Why is that?
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Because the government isn't too bright collectively. I'm not saying
that smart people don't work for the government, but the collective
wisdom seems to be lacking.

Matt
 
Eric said:
@trndny05:




What does the price of crude oil have to do with the profit that the oil
companies are making? You're comparing apples and oranges now.
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Are you kidding me? The oil companies pump it out of the ground and sell
it on the futures market. There is actually very little profit in
selling the refined products. How do YOU think they make their money?
 
Eric said:
Ah, now you hit the nail on the head. Fixed percentages. So at $1/gal.
they make $0.20 and at $4/gal. they make $0.80. Seems fair.
Click to expand...

That's the gist of it, but the actual margins are considerably lower
than that, more along the lines of 10%.
 
Are you kidding me? The oil companies pump it out of the ground and
sell it on the futures market. There is actually very little profit in
selling the refined products. How do YOU think they make their money?
Click to expand...

I think you are pulling my leg. The gasoline futures price has not been
above $2.24/gal. Considering that I don't know a single gas station owner
making more than $0.01 on a gallon of regular (they don't make much more on
mid-grade or premium either), where does all the rest go? Some to
transportation, sure, but $0.75/gal.? I don't think so.

Before Katrina hit the "markup" between the futures price and the street
price averaged $0.30/gal. Since then it is $0.70-$0.80/gal. Gee, I wonder
where all the extra profit comes from.

Eric
 
Because the government isn't too bright collectively. I'm not saying
that smart people don't work for the government, but the collective
wisdom seems to be lacking.
Click to expand...

You're way too kind Matt!
 
Eric said:
I think you are pulling my leg. The gasoline futures price has not been
above $2.24/gal. Considering that I don't know a single gas station owner
making more than $0.01 on a gallon of regular (they don't make much more on
mid-grade or premium either), where does all the rest go? Some to
transportation, sure, but $0.75/gal.? I don't think so.

Before Katrina hit the "markup" between the futures price and the street
price averaged $0.30/gal. Since then it is $0.70-$0.80/gal. Gee, I wonder
where all the extra profit comes from.

Eric
Click to expand...
OIL FUTURES
 
NO, GREEDY OIL COMPANIES AND THEIR STOCKHOLDERS.
Click to expand...


Come on Eric, Exxon-Mobil made 10% profit on billions they risked. I own
stock in E-M, and I'm by no means rich.
 
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