Niehart
Pie Smuggler
And in Montana the farmers are buy extra gas and diesel storage tanks.Here in Montana there have been a couple of instances in which gas station owners have forced customers to take gas at gun point!!!!
And in Montana the farmers are buy extra gas and diesel storage tanks.Here in Montana there have been a couple of instances in which gas station owners have forced customers to take gas at gun point!!!!
Pants, as always you make good points. But I would pose this question to you: if the price of crude fell to $0.00 - free - what would the price of gasoline be? Right, the sum of taxes, refining, shipping, dispensing, other overhead and a profit margin. The cost of crude is only one component in the price of gasoline.I have to admit that I never thought I would ever see sub- $2.00 gasoline in American again. EVER.
I've been following the price of oil (almost daily) for decades. In my opinion, there seems to be little correlation between the price of a barrel of crude oil and the price of a retail gallon of gasoline. There are so many "reasons" (excuses) for the two not to correlate that any self-respecting scientists doing the research would simply throw the entire shit out of the window and start over. Supply and demand, seasonal refinery maintenance, hurricanes, tension in the middle east, taxes and fees, an industrial accident, the CEO of Fairy Dust, LLc cuts a large fart and shits his pants..... you name it and the price of gas changes.
The rate at which retail gasoline falls is exponentially more slowly than the rate at which it rises, REGARDLESS of any other economic factor or external condition. That simply defies the basic laws of supply and demand.
If you look at two world-renowned commodity indexes, and compare even remotely linearly the Oil/Gasoline ratio 12 months ago to the same ratio today, we should be paying about $0.90 a gallon. Yet we are paying about $1.40 in south Louisiana. Fixed cost such as taxes and fees, which were proportionally less (compared to the total price) a year ago than today should make that comparison even greater.
Hmmmm?
My local and State world revolves around oil prices. Many of my friends are worried for their jobs. I know I need to play ball. But in the midst of a "crisis", when Exxon/Mobil post a $3 billion 2015 4th quarter profit, and an $11 Billion 2015 year profit (that's BILLION, a THOUSAND MILLIONS), me smells a real stinky rat.
Any more and I fear I will get a forum vacation, so I'll end my rant here.
...and wonder when those damn zombies will stop!Gas in Albuquerque is $1.459/gallon, +/-. I wouldn't get too comfortable with this pricing. I think, sooner than later, it's going to blow through the roof, and we're going to miss the days of $4.50/gallon...
So you're that guy huh...Glad I'm not yer neighbor...JSNS.I probably need to go buy 20,000 55 gallon drums and 3000 cases of fuel stabilizer. Fill those bitches up while fillin' is cheap!!
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