RV Fuel Issues & Prices - Post 'Em Here!

What ones P&L statement looks like and what one really makes in profit are two entirely different things. At least they have been on every P&L statement I've looked at. It doesn't cost but MAYBE 25% of what oil is selling for now to "produce" it. The rest is profit. But, all those big salaries and bonuses aren't profit... Right... :R

LindsayRichards wrote:
When somebody is talking about record total profits without regard to profit margin and return on investment, you can be sure they haven't taken Economics 101. Hard to believe somebody who is taking huge subsidies on their Chevy Volt is complaining about other's greed.

I was having my truck service at @ the chevy place the other day and I was shocked when I saw the sticker price on one of those dang things, it was sitting in the service area for everyone to see.

When somebody is talking about record total profits without regard to profit margin and return on investment, you can be sure they haven't taken Economics 101.

AO_hitech wrote:

DelCamper wrote:
No one cared for the last few years when refinery margins were below break even and many refineries closed and laid off their workforce...

They only close them to drive the price up. Since most refinery's are owned by the same companies that sell oil they are NOT operating at a loss. They make huge profits when the actual cost of the oil is considered instead of the market price.

"They" are all reporting record profits; you can't do that if you are making product below the break even point. :S

AO, ya must have worked in different refineries and for different company than I did all those years, I remember well some of the things Del Camper mentioned back in the day, tho I been gone 5 years now I remember those shutdown for good days and uprooting the family to move to another location.

DelCamper wrote:
No one cared for the last few years when refinery margins were below break even and many refineries closed and laid off their workforce...

They only close them to drive the price up. Since most refinery's are owned by the same companies that sell oil they are NOT operating at a loss. They make huge profits when the actual cost of the oil is considered instead of the market price.

"They" are all reporting record profits; you can't do that if you are making product below the break even point. :S

Well, California, the land of really big government, is happy to let its subjects pay $6 already for premium while they "study" whether to allow winter blend stocks to be released earlier than 10/31. Can't wait to see how the Green folks spin this on the oil companies.

No one cared for the last few years when refinery margins were below break even and many refineries closed and laid off their workforce. Refinery stocks dropped like a rock.

If the margins stay up they will reinvest in the previously shut down idle capacity. You don't make more of a product then you can sell at a profit and you don't make less either.

Maybe the government can manage it all for us. Their track record is outstanding. In the three years before closing many politicians wanted to invest tax money in additional refining capacity that would have hit line just in time to not be needed.

The US refines oil most efficiently. I seen it with almost 30 years in the field.

Looks like $5/gal gas is here in CA with possible $6/gal in a week......wonderful:(

Seems we are running out of the summer blend gas as refineries switch over to production of the winter blend. :E Problem is, they can't sell the winter blend until Oct 21st and there isn't enough summer blend left to last that long. They are saying we may have stations closing. Our local Costco stopped selling gas yesterday.

The California Independent Oil Marketers Association has requested a variance from the California Environmental Protection Agency's Air Resources Board which will allow them to sell the winter grade gas earlier.

Now according to the Board..."We are evaluating that in conjunction with the California Energy Commission, who are the ones that take stock of inventory around the state,"

"There are certain steps to go through, and a decision will depend on how quickly the information is gathered."

That's beaurocractic speak for "don't expect anything to be done quickly" :M

This******will never end!!

SRT wrote:

AO_hitech wrote:
Odd, all the stations around here are 20 cents higher today than monday. :(

Glad we don't live in California. You guys are going to be paying $5.00 a gallon real soon now.....:E

Haven't paid it yet, but I've already seen it.

I think a cloud went over the solar plant or the wind stopped blowing for a while and shut down the grid.