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03-12-2007, 03:59 PM
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Registered Member
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Join Date: Feb 2007
Posts: 13,396
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Quote:
Originally Posted by Theresa
something I found odd....
not too long ago, our local paper had a HUGE headline about some gas company boasting their largest profits in recent history. It went on to say how they surpassed their expected earnings for the quarter/year etc...
here's my question:
We are being told gas prices are higher at the pump b/c of the rising cost in the raw goods? something like that....
Well, if the costs for the refineries to do what they do to this raw material is the same, only the cost for the raw goods has gone up and the gas companies are passing on that expense to the consumer....
how are they making a profit? Such a huge profit at that...
seems to me like someone is gouging the general public and making huge profits in the mean time....
I'm not up to speed on the particulars of how this all works, but something doesnt sit well with me and these HUGE profits the gas companies are making...
does this make sense to anyone else? Or am I off my rocker again?
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I love it when the lights go off and someone gets the message that it is all about the Benjamins.
The love of money is the root of all evil!
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03-12-2007, 05:46 PM
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Guest
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Join Date: Feb 2007
Location: In a cold dark cave.....
Posts: 4,624
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Quote:
Originally Posted by Theresa
something I found odd....
not too long ago, our local paper had a HUGE headline about some gas company boasting their largest profits in recent history. It went on to say how they surpassed their expected earnings for the quarter/year etc...
here's my question:
We are being told gas prices are higher at the pump b/c of the rising cost in the raw goods? something like that....
Well, if the costs for the refineries to do what they do to this raw material is the same, only the cost for the raw goods has gone up and the gas companies are passing on that expense to the consumer....
how are they making a profit? Such a huge profit at that...
seems to me like someone is gouging the general public and making huge profits in the mean time....
I'm not up to speed on the particulars of how this all works, but something doesnt sit well with me and these HUGE profits the gas companies are making...
does this make sense to anyone else? Or am I off my rocker again?
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You are a bit off. The oil companies themselves buy commodities and futures and with the increase the past few years, there has been a large number of these commodities and futures sold at a profit.
Besides, in America, we encourage free market enterprise. No one is demanding that Toyota refund thousands of dollars in profits they made selling sensible cars that Americans wanted.
__________________
I am not a member here -Do not PM me please?
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03-12-2007, 06:18 PM
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Registered Member
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Join Date: Feb 2007
Posts: 7,616
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Quote:
Originally Posted by Ron
About $5.95 US
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Wow...
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03-12-2007, 06:29 PM
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Registered Member
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Join Date: Feb 2007
Posts: 13,396
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Quote:
Originally Posted by BoredOutOfMyMind
You are a bit off. The oil companies themselves buy commodities and futures and with the increase the past few years, there has been a large number of these commodities and futures sold at a profit.
Besides, in America, we encourage free market enterprise. No one is demanding that Toyota refund thousands of dollars in profits they made selling sensible cars that Americans wanted.
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Free market is one thing, obscene profits are another.
The Love of Money is the "Root" of all evil.
No where do I see God's stamp of approval on Price Gouging.
If free market is so good, where is the Competition?
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03-12-2007, 09:18 PM
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03-12-2007, 09:22 PM
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Formerly known as CareyM
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Join Date: Feb 2007
Location: Oregon
Posts: 2,429
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Gas prices are supposed to rise to $3.00 per gallon here this summer.
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03-12-2007, 09:25 PM
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Invisible Thad
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Join Date: Feb 2007
Posts: 6,966
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carey they are already $3 here
and here I was getting ready to trade my car in for
an SUV. maybe I better think about it
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03-12-2007, 09:27 PM
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Formerly known as CareyM
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Join Date: Feb 2007
Location: Oregon
Posts: 2,429
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Quote:
Originally Posted by Thad
carey they are already $3 here
and here I was getting ready to trade my car in for
an SUV. maybe I better think about it
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It's almost that here...$1.77 a few days ago.
You may want to reconsider...it costs me over $100 to fill up right now.
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03-12-2007, 09:29 PM
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Invisible Thad
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Join Date: Feb 2007
Posts: 6,966
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Quote:
Originally Posted by CareyM
It's almost that here...$1.77 a few days ago.
You may want to reconsider...it costs me over $100 to fill up right now.
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Oh no! I would not be getting that HUGE thing you've got!
it would be a small SUV that gets 26 miles on the Frwy.
my current car gets 30
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03-12-2007, 09:29 PM
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Formerly known as CareyM
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Join Date: Feb 2007
Location: Oregon
Posts: 2,429
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Quote:
Originally Posted by Thad
Oh no! I would not be getting that HUGE thing you've got!
it would be a small SUV that gets 26 miles on the Frwy.
my current car gets 30
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Well, that might not be too bad. The Honda handles so well though.
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