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05-19-2013, 03:09 PM | #4111 |
Supporter
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Location: On a yellow brick road.
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$4.29/gal in Omaha. Redamndiculous!!!
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05-19-2013, 03:34 PM | #4112 | |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Oh, and the price in Chicago one year ago was $4.16. |
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05-19-2013, 03:37 PM | #4113 |
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05-19-2013, 03:40 PM | #4114 |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Oh, and I did find out the reason for the spike in the Midwest: refinery maintenance and outages at the following locations...
Eldorado KS Joliet IL Whiting IN Tulsa OK |
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05-19-2013, 03:43 PM | #4115 |
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05-19-2013, 03:58 PM | #4116 |
"Think BOOM!"
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05-19-2013, 04:01 PM | #4117 |
FINALLY! The wait is over.
Join Date: Mar 2005
Location: The Future Is Now!!!
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That's what I heard, but I was curious. It seems a bit ****ed to me that they decide to do some maintenance on their facilities, and then outages hit the rest of them. Oil is one of the shadiest businesses on the planet.
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05-19-2013, 04:22 PM | #4118 |
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05-19-2013, 04:59 PM | #4119 | |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Quote:
This will probably end up with the refineries losing more money than they would if the refineries had no issues, by the way. The retailers are the ones raising prices, not the refineries. |
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05-19-2013, 05:12 PM | #4120 | |
FINALLY! The wait is over.
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05-19-2013, 05:17 PM | #4121 |
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Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Possibly, yes. As has been discussed, the price that you pay at the pump is the retailers' replacement price. They've already paid for what is in their tanks. They're basically looking at the present and what they think will happen with the refiners, and price accordingly. Sometimes they guess right and sometimes they guess wrong. It's not unusual for a retailer to actually sell gasoline for less than they paid for it. In the end, yes, it works out to about 5 to 10 cents per gallon profit. They make their real profit on the other stuff in the store.
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05-19-2013, 05:18 PM | #4122 |
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05-19-2013, 05:24 PM | #4123 | |
sorta mod-ish
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05-19-2013, 05:29 PM | #4124 |
"Think BOOM!"
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05-19-2013, 05:36 PM | #4125 |
GBM 8-12-15
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