Its all a conspiracy by the oil companies, nothing to do with supply and demand. I can't believe all those greedy oil men have the nerve to lower prices. How dare they!

 

There's a petrol station about 10 miles from me and it is still at $3.70 last time i went past it. The crazy thing is that there's one about 200 yards before it that it's $2.55 but people still go in there and fill up for $3.70 lol. I will never understand this.

 

2.19 today for 87

 

$2.17 in Northwest Arkansas, but it dropped $.05 yesterday and I bet it does it again today.

 

$2.11 in Lilburn, Georgia as of yesterday.

Where are all the folks who said it was a conspiracy of the greedy oil men, and had nothing to do with supply and demand? Funny, lots of people on the boards ready to throw classist labels around but they all disappear when its time to eat crow!

 

[quote=FTE Ken;6697440]

Where are all the folks who said it was a conspiracy of the greedy oil men"


I dont know who you are refering to, and I wouldnt say it was a "conspiracy", but I would point out when gas was $4 a gallon and oil companys were making record profits that they could've sacrificed some of that profit in order to help out the economy and STILL came out a head in the money department.

BTW, $2.25 Detroit suburbs.

 

Let me ask you something.... does a corporation have a fudiciary responsibility to its share-holders or not? If they are not filling their fudiciary responsibilities not only can their stock take a beating but it is often against SEC regulations and lastly they can lose their jobs. Given that oil company margins are lower than most industries, why should they lower margins even more? If you've run a business you'll know that total sales growth is meaningless if margins aren't maintained.

Seriously... just because its an oil company doesn't mean it should somehow be different than operating any other business. What about all the pension funds, 401Ks and other retirement funds that invested in oil companies? Fair to them that the oil execs ignore fudiciary responsibilities?

How many here, if their employer experienced an upturn in business, would work twice as many hours for the same total pay, for the good of your customs and/or the economy? I doubt very few. Most would want time and a half or double time, or at least a bonus. Or try this.... what if you had a $2500 car and a $50000 car, both for sale. Would you take $1500 off the price of each if you needed to move it, or would you base it off the total price (in other words, margin)?

 

Don't try to bring up politics....them making record profits is not "fair"...they should donate their money and work for the fun of it.

Not many people understand "record profits", and profit margins and how they are related...

 

It was the futures speculators on Wall St. that drove up most of the pricing anyway.

Yes, the shut down refineries contributed some.

 

$2.19 here in Southeast, Va. The shame of the whole thing is, my buddies and I at the post office were talking this morning about gas prices and we agreed that filling up for less than $4 p/g almost invokes a feeling of guilt. It may sound silly to some, but the market the way it is right now is driving down the price. Good for the consumer, bad for the oil companies. I shouldn't feel that way, it seems that the oil companies were profitable when gas was $1.00 per gallon.

Tim

 

Glad to hear they called you back to work! Congrats!!!


biz

 

Glad to here your back to work even if it's for a short time. Maybe it will be permenant if enough people take the latest buy out.

 

$1.93 around Kansas City, MO (specifically Independence, MO)

My Excursion is being driven once again.

 

Me mother in law got it for $1.50 with the offer that kroger do. Thats more like it lol

 

Political Discussion Removed