Gas Prices Up
10-05-2012, 10:50 PM
#37
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When I worked for a gas station in highschool I got to see behind the curtain a bit. No matter what the pump price was, we has gross profit of $.10/gallon. When gas jumped from ~$1.00/gallon to ~$2.50/gallon, we still made $0.10/gallon.
I've heard the profit is even less now for the stations,
Last edited by Lowend; 10-06-2012 at 06:38 AM.
10-06-2012, 12:22 AM
#38
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So basically it's 3 oil companies squeezing out the CA consumer right now. Chevron with their Richmond refinery fire, Exxon with their Torrence refinery with "power outages", and Valero temporarily stopping supply to Costco and other unbranded stations, but supplying their own Valero gas stations.
Californians want clean air and cheap gas. Currently they have neither so they blame companies that provide them exactly what they're incentivised to produce and blame the politicians and bureaucrats who used their feeble minds to try and give the electorate the impossible things they asked for.
California: Failed ideas in action
10-06-2012, 04:14 AM
#42
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My friend owns a gas station and to keep things competitive if one gas station raises its price all gas stations raise their prices. So just because chevron had that fire and raised their prices to make up for the difference everyone else raises their prices. Its straight bull****. My local gas station down the block was the cheapest gas station around and now its $4.85 for premium. Looks like im never going to drive my car again.
10-06-2012, 07:52 AM
#44
There are actually like 5 refineries in the bay area alone.
I don't know what's going on, but I do think there is some greed involved. Everyone brings up the price per barrel, but I haven't seen anyone bring up production. It may be cheaper to buy the crude, but the refineries being down (whether for maintenance or something unexpected) hinders production. And what happens at one refinery can affect another even though they are separate companies.
I don't know what's going on, but I do think there is some greed involved. Everyone brings up the price per barrel, but I haven't seen anyone bring up production. It may be cheaper to buy the crude, but the refineries being down (whether for maintenance or something unexpected) hinders production. And what happens at one refinery can affect another even though they are separate companies.
