Gas Prices

Nas · **Posted:** Fri Aug 14, 2015 9:27 am

Continue to go up even though oil prices are at a 7 year low.

Seacrest · **Posted:** Fri Aug 14, 2015 9:29 am

viewtopic.php?f=47&t=95461

It's still a bunch of bullshit

Nas · **Posted:** Fri Aug 14, 2015 9:41 am

I need a then.

SomeGuy · **Posted:** Fri Aug 14, 2015 9:50 am

Nas wrote:

I need a then.

This topic has been covered.

Gas station profit margins on gasoline are razor thin, when prices rise dramatically they even lose money on every gallon pumped.

It was also agreed upon that BP doesn't want half their refining capacity off-line and they would prefer not to lose money because of it. BP is also losing money on the other distillates that are refined from each barrel of oil.

conns7901 · **Joined:** Wed Nov 30, 2005 11:36 pm **Posts:** 19620

Nas wrote:

Continue to go up even though oil prices are at a 7 year low.

Once Bush and his Oil Buddies are out f office they rices will go down. At least that is what I was told.

Nas · **Posted:** Fri Aug 14, 2015 9:58 am

SomeGuy wrote:

Nas wrote:

I need a then.

This topic has been covered.

Gas station profit margins on gasoline are razor thin, when prices rise dramatically they even lose money on every gallon pumped.

It was also agreed upon that BP doesn't want half their refining capacity off-line and they would prefer not to lose money because of it.

I don't buy that. When oil prices rise the gas pumps immediately reflect that. When oil prices drop it takes weeks for the pumps to reflect the change. In this case they're raising prices for fuel they've already paid a lower price for.

Seacrest · **Posted:** Fri Aug 14, 2015 10:00 am

SomeGuy wrote:

Nas wrote:

I need a then.

This topic has been covered.

Gas station profit margins on gasoline are razor thin, when prices rise dramatically they even lose money on every gallon pumped.

It was also agreed upon that BP doesn't want half their refining capacity off-line and they would prefer not to lose money because of it. BP is also losing money on the other distillates that are refined from each barrel of oil.

Easy Trobbie Lundberg.

Gas prices are NOT razor thin.

Brick · **Posted:** Fri Aug 14, 2015 10:00 am

It's so tough being a gas station owner that they are literally everywhere and sometimes three or four of them are right next to each other.

SteveSarley · **Posted:** Fri Aug 14, 2015 10:03 am

So BP raises their prices because their production is down?
Why do Shell, Mobil and the rest get to raise their prices as well?

SomeGuy · **Posted:** Fri Aug 14, 2015 10:03 am

Seacrest wrote:

SomeGuy wrote:

Nas wrote:

I need a then.

This topic has been covered.

Gas station profit margins on gasoline are razor thin, when prices rise dramatically they even lose money on every gallon pumped.

It was also agreed upon that BP doesn't want half their refining capacity off-line and they would prefer not to lose money because of it. BP is also losing money on the other distillates that are refined from each barrel of oil.

Easy Trobbie Lundberg.

Gas prices are NOT razor thin.

Where did I say "Gas prices are razor thin?" That doesn't even make any sense.

312player · **Posted:** Fri Aug 14, 2015 10:03 am

Gas stations don't make much dough on gasoline..they clean up on all the merchandise inside. They also have to pay upfront for gasoline tanker deliveries. OPEC is the slime that control prices.

Seacrest · **Posted:** Fri Aug 14, 2015 10:05 am

SomeGuy wrote:

Seacrest wrote:

SomeGuy wrote:

Nas wrote:

I need a then.

This topic has been covered.

Gas station profit margins on gasoline are razor thin, when prices rise dramatically they even lose money on every gallon pumped.

It was also agreed upon that BP doesn't want half their refining capacity off-line and they would prefer not to lose money because of it. BP is also losing money on the other distillates that are refined from each barrel of oil.

Easy Trobbie Lundberg.

Gas prices are NOT razor thin.

Where did I say "Gas prices are razor thin?" That doesn't even make any sense.

Margins aren't razor thin either.

Bagels · **Posted:** Fri Aug 14, 2015 10:07 am

its crazy, i filled up at lunch yesterday and it was 3.19

come into work this morning and same place is now 3.51

Nas · **Posted:** Fri Aug 14, 2015 10:08 am

312player wrote:

Gas stations don't make much dough on gasoline..they clean up on all the merchandise inside. They also have to pay upfront for gasoline tanker deliveries. OPEC is the slime that control prices.

There aren't enough doritos being sold for there to be 4 gas stations within 2 blocks.

Seacrest · **Posted:** Fri Aug 14, 2015 10:09 am

Nas wrote:

312player wrote:

Gas stations don't make much dough on gasoline..they clean up on all the merchandise inside. They also have to pay upfront for gasoline tanker deliveries. OPEC is the slime that control prices.

There aren't enough doritos being sold for there to be 4 gas stations within 2 blocks.

Shhhhhhhhhhhhhhh...

SomeGuy · **Posted:** Fri Aug 14, 2015 10:10 am

Seacrest wrote:

Margins aren't razor thin either.

They aren't anywhere close to substantial (and even then substantial can mean a lot of things) unless wholesale gasoline prices are low, when those prices rise high enough those gas stations break even or lose money. It's a volume business. So this spike doesn't benefit the gas station nor does it benefit BP. So who does it benefit?

I get that the implication of this thread is to say that BP is screwing everyone over and all that but that theory doesn't really hold water.

Brick · **Posted:** Fri Aug 14, 2015 10:10 am

I'm going to start buying all my gasoline on Amazon.

SomeGuy · **Posted:** Fri Aug 14, 2015 10:11 am

Nas wrote:

312player wrote:

Gas stations don't make much dough on gasoline..they clean up on all the merchandise inside. They also have to pay upfront for gasoline tanker deliveries. OPEC is the slime that control prices.

There aren't enough doritos being sold for there to be 4 gas stations within 2 blocks.

I enjoy a 6 month old beef jerky stick just as much as the next fella.

312player · **Posted:** Fri Aug 14, 2015 10:11 am

It ain't just chips n soda ...its lotto n cigs n hundreds of other things that are marked up 75-100% for CONVENIENCE. Plus , its a cash biz , they under report n pay people 6$ an hour.

pittmike · **Posted:** Fri Aug 14, 2015 10:11 am

SteveSarley wrote:

So BP raises their prices because their production is down?
Why do Shell, Mobil and the rest get to raise their prices as well?

That refinery fills many companies tankers. The tankers go to the refinery with their mix of special crap already in and get raw gas to bring to their respective stations. As I was told...

Nas · **Posted:** Fri Aug 14, 2015 10:14 am

SomeGuy wrote:

Seacrest wrote:

Margins aren't razor thin either.

They aren't anywhere close to substantial (and even then substantial can mean a lot of things) unless wholesale gasoline prices are low, when those prices rise high enough those gas stations break even or lose money. It's a volume business. So this spike doesn't benefit the gas station nor does it benefit BP. So who does it benefit?

I get that the implication of this thread is to say that BP is screwing everyone over and all that but that theory doesn't really hold water.

Because you say so? You have to do better than that. Even in poor areas of Chicago you're always a few blocks from multiple gas stations. They're making more than $.10 a gallon. If they were we wouldn't have as many gas stations.

Seacrest · **Posted:** Fri Aug 14, 2015 10:16 am

SomeGuy wrote:

Seacrest wrote:

Margins aren't razor thin either.

They aren't anywhere close to substantial (and even then substantial can mean a lot of things) unless wholesale gasoline prices are low, when those prices rise high enough those gas stations break even or lose money. It's a volume business. So this spike doesn't benefit the gas station nor does it benefit BP. So who does it benefit?

I get that the implication of this thread is to say that BP is screwing everyone over and all that but that theory doesn't really hold water.

SomeGuy wrote:

This topic has been covered.
Gas station profit margins on gasoline are razor thin,

Which is it?

Razor thin, not substantial or I'm talking out my ass?

Hatchetman · **Posted:** Fri Aug 14, 2015 10:17 am

how many refineries BP got?

Nas · **Posted:** Fri Aug 14, 2015 10:18 am

312player wrote:

It ain't just chips n soda ...its lotto n cigs n hundreds of other things that are marked up 75-100% for CONVENIENCE. Plus , its a cash biz , they under report n pay people 6$ an hour.

Not enough money in those things for these gas stations to stay open. Beyond cigarettes they aren't selling many units of those marked up items.

SomeGuy · **Posted:** Fri Aug 14, 2015 10:19 am

Nas wrote:

SomeGuy wrote:

Seacrest wrote:

Margins aren't razor thin either.

They aren't anywhere close to substantial (and even then substantial can mean a lot of things) unless wholesale gasoline prices are low, when those prices rise high enough those gas stations break even or lose money. It's a volume business. So this spike doesn't benefit the gas station nor does it benefit BP. So who does it benefit?

I get that the implication of this thread is to say that BP is screwing everyone over and all that but that theory doesn't really hold water.

Because you say so? You have to do better than that. Even in poor areas of Chicago you're always a few blocks from multiple gas stations. They're making more than $.10 a gallon. If they were we wouldn't have as many gas stations.

No, because widely available information says so, champ.

When prices are low:
http://www.dailyfinance.com/2014/12/12/gas-stations-owners-like-low-gas-prices/

When prices are high:

http://gizmodo.com/5901517/gas-stations-dont-really-make-money-on-gas

A mix of high and low:
http://www.forbes.com/sites/sageworks/2014/01/21/profit-margins-at-gasoline-stations-have-increased/

SomeGuy · **Posted:** Fri Aug 14, 2015 10:23 am

Seacrest wrote:

SomeGuy wrote:

Seacrest wrote:

Margins aren't razor thin either.

They aren't anywhere close to substantial (and even then substantial can mean a lot of things) unless wholesale gasoline prices are low, when those prices rise high enough those gas stations break even or lose money. It's a volume business. So this spike doesn't benefit the gas station nor does it benefit BP. So who does it benefit?

I get that the implication of this thread is to say that BP is screwing everyone over and all that but that theory doesn't really hold water.

SomeGuy wrote:

This topic has been covered.
Gas station profit margins on gasoline are razor thin,

Which is it?

Razor thin, not substantial or I'm talking out my ass?

I'd say razor thin all the way up to thin.

I don't think you're talking out of your rectum and anal sphincter but you're acting like gas stations make a killing and have fat margins on gasoline when the price of gasoline spikes. It's actually the opposite. Lower prices = fatter margins, higher prices = razor thin margins or taking a loss on gasoline.

Again, the implication and tone of this thread is that "It's Bullshit" that prices spike when 50% of a major refineries production goes offline and that it's all a grand conspiracy. It isn't.

312player · **Posted:** Fri Aug 14, 2015 10:25 am

Sure there is ...spend 10 minutes in one n observe the constant cash flow ... Candy, gum , blunts, soda, slurpees, water , quart of oil etc... It adds up when you are buying wholesale n marking it up 75-100% ...the owners get a piece of substantial winning lotto as well.. There's money to be made , that's why they are all over n rarely go under ..but they just ain't making much on gas...I would guess less than ten cents a gallon.

Bagels · **Posted:** Fri Aug 14, 2015 10:29 am

312player wrote:

Sure there is ...spend 10 minutes in one n observe the constant cash flow ... Candy, gum , blunts, soda, slurpees, water , quart of oil etc... It adds up when you are buying wholesale n marking it up 75-100% ...the owners get a piece of substantial winning lotto as well.. There's money to be made , that's why they are all over n rarely go under ..but they just ain't making much on gas...I would guess less than ten cents a gallon.

Gloopan Kuratz · **Posted:** Fri Aug 14, 2015 10:31 am

They get a HUGE markup on Swisher Sweets!

Nas · **Posted:** Fri Aug 14, 2015 10:36 am

Gloopan Kuratz wrote:

They get a HUGE markup on Swisher Sweets!

They are the same price everywhere. Same as those Doritos and pops.

Gas Prices

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