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8805 messages,  Last post on Nov 27, 2009 at 11:25 AM

You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires

What is this discussion about? Fuel System


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#6264 of 8805
Re: $39,500,000.00 Profit in 3 MONTHS [fintail] by jlawrence01
Feb 03, 2007 (12:17 am)
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Replying to: fintail (Feb 02, 2007 4:06 pm)

Yes, it is terrible that all the miney goes to pension funds, and the IRAs and 401k funds of investors. Really terrible.
#6265 of 8805
Re: $39,500,000.00 Profit in 3 MONTHS [fintail] by tpe
Feb 03, 2007 (4:49 am)
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Replying to: fintail (Feb 02, 2007 4:06 pm)

I'm not sure why everyone is so insistent that the oil industry is gouging us when it comes to prices. As if they get together and decide what the price of oil will be. That is determined by the traders on the commodities exchange (NYMEX). The only impact that oil producers can have is through controlling the supply. Keeping in mind that the oil market is global I don't think that Exxon/Mobil is in the position to have that great an impact on the global supply. Oil prices are currently high so it's a no-brainer that selling oil will result in high profits. No manufacturer is going to sell his product for less than market value, at least not if its a publicly traded company. If the market value of your home was $400k would you sell it for $300k because that seemed like a fairer profit? If so then I want to know where you live.
#6266 of 8805
And the commodities traders by iluvmysephia1
Feb 03, 2007 (8:41 am)
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are the type of people that are concerned about "fair" pricing for one and all, I'm just sure of it.
 
Right.
#6267 of 8805
in central ct... by explorerx4
Feb 03, 2007 (12:55 pm)
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paid 2.29x same station was 2.37x about a week ago. x=9.
saw an ad in the paper, 3k off msrp on a new prius.
i guess lower gas prices are having an effect on hybrid sales.
#6268 of 8805
Re: $39,500,000.00 Profit in 3 MONTHS [rorr] by johnny4016
Feb 03, 2007 (1:09 pm)
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Replying to: rorr (Feb 02, 2007 2:47 pm)

I'm just quoting what the Southern California news has been reporting. If it is $39,500,000,000.00, thirty-nine billion, five-hundred thousand in profit then that's even worse than what I said in my previous post of 39,500, 000.00 thirty-nine million five-hundred thousand. And of course I said what was report that it was for the last quarter of 2006, as this is normally how businesses pay taxes, quarterly and not yearly as you have suggested. I think that you should try and get it straight, or just forget it and don’t worry so much as you obviously have no clue.
 
From the sounds of your post you seem very interested in the profit, taxes, etc., but what you failed to mention was several other factors. The tax credits, etc for example must also be in the billions if what you stated in your post is true.
  
I kind of doubt it, but I will give you the benefit of doubt since you seem to have so much time on your hands to go through all the trouble of even posting a web site. I did not check it out and do not plan on it. I do not need to read some corporate garbage placed on an Internet library to know that every time I fill up my tank that I'm being ripped off.
  
If it's from the market price or as I said in my post from the oil companies it doesn't really matter it's all the same, gouging on something that the American people need to use daily in their lives.
 
Please to the person who is trying to either confuse the issue by comparing the profit of a home to the profit the oil companies made, your way off. Or quit possible you just did not give it much thought prior to posting your ramblings.
 
Fuel is something that millions of people, businesses, etc use every day. A house is something that we all live in if we are fortunate enough to be able to afford one. The profit made from a 1-time sale of a house and the continuous every day profit that the oil companies make it like comparing apples and oranges.
#6269 of 8805
High demand of premium gas in Delaware by wai
Feb 03, 2007 (6:52 pm)
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I still don't understand why here in Delaware 87 is $2.07, 93 is $2.45 at BP and 87 is $2.05 and 93 is$2.38? The difference here for 87 and 93 is between $0.33-$0.45.
Is it demand for 93 here is more than any parts of the country?
#6270 of 8805
Down slightly... by lemko
Feb 05, 2007 (5:12 am)
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...Sunoco regular is down two cents to $2.19. "ultra?"93 is holding steady at $2.47.
#6271 of 8805
It's amazing... by wilcox
Feb 05, 2007 (7:34 am)
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how hybrid ownership eases the pain of having to stop and purchase gas often.
 
Gas is still really cheap right now. Hope it stays that way. We're "averaging" about $1.91 for 87 in W. Ga. $2.21 for 93 octane.
#6272 of 8805
In crispy, hot sunny southern by iluvmysephia1
Feb 05, 2007 (9:06 am)
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Arizona I paid $2.08/gal yesterday for 87 no-lead at Gas City in Sierra Vista, AZ.
#6273 of 8805
Cedar Park, Texas.... by rorr
Feb 05, 2007 (9:18 am)
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....down to $1.97/$2.07/$2.17 for 87/89/93 octane at local Texaco this a.m.

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