gas prices keep going up

[srzak]

Exxon just gave their profit for 3 months at 11 billion dollars
that's why we pay over 4 dollars a gallon

[skipwil]

Gas on our Interstate Exit went UP 20 cents last night.$3.54 to $3.74
Try to figure that.
Travel safe,,,

[BobGed]

Need to read the whole article: Exxon earns nearly $11B in 1Q, best since '08 - Yahoo! Finance

Excerpt: "The company also noted that less than 3 cents of every dollar it earns comes from the sale of gasoline and diesel fuel."

[Gotta_P]

Yep, saw this coming last summer and ditched our truck and SUV for a couple Hybrids! Topped off the Prius this morning, 8.5 gals to go 471.3 miles (55 mpg)! I figure what I save commuting during the week goes in the MH tank when it goes out on the weekends!

Sure would be nice if someone could figure out how to double the gas mileage of a MH!

[FleetMan]

Before this thread goes ballistic vilifying the oil companies for making approximately EIGHT PERCENT (8%) on their investment, a fact omitted from most news articles, revisit Economics 101 and then go after those companies that made far greater margins of profit and are not prime topics in the news. Consider that oil is the most regulated industry in the US and that they do pay a considerable amount to the government in the form of taxes!. Also consider companies like GE which paid ZERO in taxes yet sucked up billions in taxpayer subsidies.

[csdavis62]

I agree the oil companies make single diget profits while the technology company I work for makes in the 40% range. No one is going after apple for gouging us for their products. The problem is we have a small number of well intentioned miss informed pin heads not allowing us to extract and use the resources under our feet which is costing us jobs and billions in transfered wealth to those who hate our guts

[Stogie]

So buy Exxon stock instead of Fuel.
If your stock goes down fuel is more affordable.
If your stock goes up you can afford more fuel.
Its a win win situation.

[RJay]

Judging from this chart the profit margin for oil companies are way down on the list compared to other business sectors. The information is three years old but still relevant.

[FleetMan]

Quote:

Originally Posted by RJay Judging from this chart the profit margin for oil companies are way down on the list compared to other business sectors. The information is three years old but still relevant.

Windfall profits when the industry ranked #60 on the list, I believe that was the year Maxine Waters threatened the nationalize the oil industry in a televised House hearing.

[Monacoach]

Quote:

Sure would be nice if someone could figure out how to double the gas mileage of a MH!

I did..... just cut your driving in half.....

[srzak]

Shouldn't we be concerned, upset, and down right pissed off when every time we go get gas it's 20 cents or more .



,

[zoemorn]

Ours in the springfield MO area went up to $3.74 as well! bleck!

I blogged today that I didn't seem to be noticing much in the way of drivers changing their habits (still zoom zooming as if gas was under a dollar). Just seems funny when there is much complaining bout the prices of gas and yet to see people out on the road zooming like its free. I think there is either a mental disconnect there, or just the resistance to changing one's habits.
but i digress, how do you think the recent raises will change RVer use? Think it'll mean less of the short term RV vacationers? More long term stays for fulltimers/longtimers?
Someone better make an RV that runs on air real quick! Or maybe one that runs on debt, the US has plenty of that to spare

[LVJ58]

What I glean from the news media on escalating gas prices is that it's predicated on "supply & demand." The "demand" part I understand, however I've often wondered it the "supply" side can be manipulated downward through controlled reduction of refinery output. Just a thought

[Paul R. Haller]

Gas in California today 4.28$. BP got a 16 billion write off from our government in the form of a tax rebate.They called the spill in our gulf lost revenue and got all this money back after despoiling our gulf for how long?!? They spilled it shouldn't they have to pay for that? Instead they get a rebate check. Something is wrong with our tax system when the rich pay less then 15 % and those who make under 50,000 pay almost 35 %.
-Paul R. Haller-