rkmdogs

$3.00/gal. Gas !

76 posts in this topic

Anybody hear tonights news, with the nonchalant announcement that

gas will hit $3.00/gal in the next few weeks, but that by next summer, it could be up another $.25 !

Then the newscaster said that "the Big TWO" are pointing fingers at the large

oil companies and accusing them of gouging, and the oil companies are

answering back that Detroit has not done anything to improve efficiency in the past 10 years!

Who in the hell cares?!!!! I'd throw them both in jail for raping the U.S public!

This nonchalant attitude about these sky-rocketing prices, with no rational

explanations is going to kill American industry, and cause one helluva crash!

Then nobody will be buying cars or driving anywhere because they won't be able to afford to do so.

Ever hear the story about eating the seed corn, and then starving to death?

Well, that is what we are doing here in America.

Wake up, everybody......... especially you head-in-the-sky legislators, and you

crazy tree-huggers!

No available inexpensive fuel = no jobs! :deadhorse:

Edited by rkmdogs

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take the tax breaks peopel get from buying fuel efficeint vehicles and put that into lowering gas prices lol it'd work for the short run... oh if only TCP was common place. (changingworldtech.com)

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This isn't anything new. The US is practically the last place this has affected, and by no way anywhere near as much as other parts of the world.

To go back on what was said, the only reason gas plays such a huge role in how expensive it is to drive has more to do with what they drive and how much it consumes.

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No improvement in the past 10 years? WTF???

Obviously this numbskiull did his homework. :rolleyes:

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It's funny that whenever they catch heat for making record profits every quarter, their prices plummet. It's also funny that their counterargument shows a complete lack of even casual research. If they bothered to take inventory of what makes/models get gas at their stations every day, they'd find that it's probably split down the middle between American cars and imported ones.

My bike will be getting a lot of use this summer.

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I still find it funny that LOTS of Americans complain about the price, but do nothing to change the way they use gas.

A couple of examples of this is:

Moms and dads at soccer practice or baseball practice watching jr. in the car, more than likely an SUV, with the A/C on or windows down motor on, or just droping them off, go home for an hour, then come back.

SH!TTY DRIVING!!! Either by exesive speeding or acceleration or impeeding the flow of traffic (staying in the left lane or center lane. KEEP RIGHT EXCEPT TO PASS).

Vehicle selection. Need I say more.

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Hmmm...

Gas here now is cad$1.02/L

cad$1 = usd$0.85

3.8 L = gallon

usd$3.29/gal

Not as bad as I thought Canadian prices were, comparatively...

I must have pressed the wrong button on my calculator... my bad :P

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Let's see.

Exxon had record profits for any company, ever.

GM now has full size SUVs rated at 27mpg highway, that can run on E85 <at lesser economy> , and hybrids on the way.

GM has 300hp front drivers that are rated 27mpg hiway.

Cobalts routinely get higher then EPA fuel mileage

Chrysler is introducing new diesels.

... but Exxon has record profits even when consumption grows at the normal rate.

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This isn't anything new.  The US is practically the last place this has affected, and by no way anywhere near as much as other parts of the world.

That is not correct. The price of fuel cost the same for the most part around the world. Only the tax is different.

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Does anyone here know the difference between PROFITS and PROFIT MARGINS?

Look it up. It will hopefully help some people here realize how STUPID they sound.

Profit is dollar amount

Profit margin is the percentage above cost that is counted towards profit

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Copied and Pasted from investopedia.com:

A ratio of profitability calculated as net income divided by revenues, or net profits divided by sales. It measures how much out of every dollar of sales a company actually keeps in earnings.

Profit margin is very useful when comparing companies in similar industries. A higher profit margin indicates a more profitable company that has better control over its costs compared to its competitors. Profit margin is displayed as a percentage; a 20% profit margin, for example, means the company has a net income of $0.20 for each dollar of sales.

Looking at the earnings of a company often doesn't tell the entire story. Increased earnings are good, but an increase does not mean that the profit margin of a company is improving. For instance, if a company has costs that have increased at a greater rate than sales, it leads to a lower profit margin. This is an indication that costs need to be under better control.

Imagine a company has a net income of $10 million from sales of $100 million, giving it a profit margin of 10% ($10 million/$100 million). If in the next year net income rose to $15 million on sales of $200 million, its profit margin would fall to 7.5%. So while the company increased its net income, it has done so with diminishing profit margins.

And of course Oil Companies set the price of oil too.

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I guess this is what we'll get stuck with now every spring, after suffering through a long winter the time comes when you can finally crank down the windows and open the sunroof and the price of gas goes through the roof. Only way to beat thses dirtbags is to slow down and drive less to save fuel.

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Thing is, if people really used less fuel and conserved, then they'd just produce less and charge the same or, even more likely, more money. The only true way to overcome powerful suppliers of a basic item like oil is to find/create alternatives to using that item, like ethanol, hydrogen, etc. Then, if you switch entirely to that new item, you fall into the same problem, because someone's going to control that commodity and they're going to make money hand over fist.

Edited by PurdueGuy

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yup, its 2.86 up each morning, sometimes afternoon again around here, ny.

and will only go up higher for the summer driving season. lousy bastards.

the popular mechanics this month had an article about alternative fuels. cure alls are still pretty far off but they did mention ethanol at length. in order to completely replace oil as a main fuel it would take a dedicated crop of corn in the range of 71% of the total crop.

if thats the deal, it goes on to say we'd all be relying on foreign corn imports.

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We should boycott gas companies one day, nobody go buy any gas, that'll show 'em. :bs::rolleyes: My advice, either do something about it, like maybe driving less, getting out of the gas guzzler, etc. or quit bitching.

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