In order to participate in the GunBroker Member forums, you must be logged in with your GunBroker.com account. Click the sign-in button at the top right of the forums page to get connected.
Didnt take long for gas to go up
204targetman
Member Posts: 3,493
was 1.89 a gallon here on Sunday. up to 2.39 and 2.49 now.
Comments
Starting to see stations sold out with no scheduled delivery of fuel.
Major refiners have facilities scattered around the country. They will be running at peak production to partially make up for,,,,,,,,,Storm Harvey paralyzes a fifth of U.S. fuel output
https://www.reuters.com/article/us-storm-harvey-energy-idUSKCN1B91KE
Anyway, when they "lose 20%" at one refinery, they could easily make it up elsewhere, but screw us instead.
The answer to this is to bust up these monopolies. That would stop this crap really quick!
Merc
quote:Originally posted by droptop
The profit in refining is much more stable and more reliable than oil production.
Major refiners have facilities scattered around the country. They will be running at peak production to partially make up for,,,,,,,,,Storm Harvey paralyzes a fifth of U.S. fuel output
https://www.reuters.com/article/us-storm-harvey-energy-idUSKCN1B91KE
The real screwing is that refineries don't run at 100% output all the time. Most average 75-85% output of what is possible. This is according to a friend of mine who worked for Chevron in Benecia CA for 20+ years. (I think it was Chevron, maybe it was Shell?)
Anyway, when they "lose 20%" at one refinery, they could easily make it up elsewhere, but screw us instead.
The answer to this is to bust up these monopolies. That would stop this crap really quick!
Merc
quote:Originally posted by droptop
The profit in refining is much more stable and more reliable than oil production.
Major refiners have facilities scattered around the country. They will be running at peak production to partially make up for,,,,,,,,,Storm Harvey paralyzes a fifth of U.S. fuel output
https://www.reuters.com/article/us-storm-harvey-energy-idUSKCN1B91KE
The refining companies didn't lose 20% at one refinery, they lost 100 % at dozens. The 20% (probably less) is available to make up for scheduled "turnarounds' required at all refineries. Not to mention unscheduled shutdowns.
Then there is the delivery transportation logistics that have been disrupted.
i live 20 miles from a refinery it went up 45cents, i left the house and passed a station 3 hours later on my way home it went up another 10cents
trump released some reserves so there is really no reason
If you can't feel the music; it's only pink noise!
They pretty much invited it on the news didn't they?
that's all you would hear on the news. this is going to make gas prices jump. its like they talked it into existence.
It feeds Texas to New York with fuel...
https://www.nbcnews.com/storyline/hurricane-harvey/critical-east-coast-fuel-pipeline-reopen-weekend-company-says-n797956
Diesel went up 60 cents here since last night. Luckily I am full and have 700 miles worth in my tank.
You guys do realize that the Colonial Pipeline stopped pumping...
It feeds Texas to New York with fuel...
https://www.nbcnews.com/storyline/hurricane-harvey/critical-east-coast-fuel-pipeline-reopen-weekend-company-says-n797956
Diesel went up 60 cents here since last night. Luckily I am full and have 700 miles worth in my tank.
yeah, just seems like a large jump. and really quickly. and it is the
truth. it never goes down as quickly as it went up. I'm basically griping.
quote:Originally posted by CaptFun
You guys do realize that the Colonial Pipeline stopped pumping...
It feeds Texas to New York with fuel...
https://www.nbcnews.com/storyline/hurricane-harvey/critical-east-coast-fuel-pipeline-reopen-weekend-company-says-n797956
Diesel went up 60 cents here since last night. Luckily I am full and have 700 miles worth in my tank.
yeah, just seems like a large jump. and really quickly. and it is the
truth. it never goes down as quickly as it went up. I'm basically griping.
Fuel is a fungible commodity. If delivery to an area is compromised demand will exceed supply. Basic high school economics.
quote:Originally posted by 204targetman
quote:Originally posted by CaptFun
You guys do realize that the Colonial Pipeline stopped pumping...
It feeds Texas to New York with fuel...
https://www.nbcnews.com/storyline/hurricane-harvey/critical-east-coast-fuel-pipeline-reopen-weekend-company-says-n797956
Diesel went up 60 cents here since last night. Luckily I am full and have 700 miles worth in my tank.
yeah, just seems like a large jump. and really quickly. and it is the
truth. it never goes down as quickly as it went up. I'm basically griping.
Fuel is a fungible commodity. If delivery to an area is compromised demand will exceed supply. Basic high school economics.
don't start throwing logic at me. I wanted to complain.
You guys do realize that the Colonial Pipeline stopped pumping...
It feeds Texas to New York with fuel...
https://www.nbcnews.com/storyline/hurricane-harvey/critical-east-coast-fuel-pipeline-reopen-weekend-company-says-n797956
Diesel went up 60 cents here since last night. Luckily I am full and have 700 miles worth in my tank.
i'm on the Keystone Pipeline , doesnt go near it
BOTH sides
Then when the country takes a hit and is in trouble they stick it to you deeper. IDK about Texas but the rags were the BIGGEST price gougers when we were hit. Gas stations and flea bag motels were the worst and those sand n*****s were hit hard for profiteering on the tragedy.
I relayed this information to our headquarters and then had to adjust our prices to match all the rest.
I'm pretty sure this is still done this way today.
Gas in my area just went up to 269.9 for regular unleaded on Thursday.[:(!]
Sounds like a monopoly like the old Standard oil company.
Where is uncle sam when you need him?
Gasoline retailers association is in it for the money. They do communicate and capitalize any time they can get away with it.
Sounds like a monopoly like the old Standard oil company.
Where is uncle sam when you need him?
Nothing more than a free market economy at work. When supplies drop and demand remains the same or grows, then prices will rise. Toughen up and ride it out or buy a bicycle.
quote:Originally posted by wpageabc
Gasoline retailers association is in it for the money. They do communicate and capitalize any time they can get away with it.
Sounds like a monopoly like the old Standard oil company.
Where is uncle sam when you need him?
Nothing more than a free market economy at work. When supplies drop and demand remains the same or grows, then prices will rise. Toughen up and ride it out or buy a bicycle.
Then what is the problem with $42 cases of water and $349 hotel rooms? You want a generator, and I have to have one to sell you I should be able to charge what ever you are willing to pay.
quote:Originally posted by CaptFun
You guys do realize that the Colonial Pipeline stopped pumping...
It feeds Texas to New York with fuel...
https://www.nbcnews.com/storyline/hurricane-harvey/critical-east-coast-fuel-pipeline-reopen-weekend-company-says-n797956
Diesel went up 60 cents here since last night. Luckily I am full and have 700 miles worth in my tank.
i'm on the Keystone Pipeline , doesnt go near it
this........
quote:Originally posted by NeoBlackdog
quote:Originally posted by wpageabc
Gasoline retailers association is in it for the money. They do communicate and capitalize any time they can get away with it.
Sounds like a monopoly like the old Standard oil company.
Where is uncle sam when you need him?
Nothing more than a free market economy at work. When supplies drop and demand remains the same or grows, then prices will rise. Toughen up and ride it out or buy a bicycle.
Then what is the problem with $42 cases of water and $349 hotel rooms? You want a generator, and I have to have one to sell you I should be able to charge what ever you are willing to pay.
$42/case for water is a roughly 450% increase. Gas prices rising by 30 cents (from $1.89/gal) is roughly a 15% increase. Gas is a reaction to market forces. The water example is sheer greed and should be condoned.
Also our gas locally comes from Canadian refineries even further to the north of here.
'Never let a good disaster go to waste' seems to be a corporate motto.