We are not beholden to OPEC. The businesses that prospect for, produce, refine, and distribute oil products can sell them on the open, global market. When the price goes up in South America or Africa, they can sell it here or there. The prices they will pay over there influence the price here. The whole thing with OPEC reducing their production was built up by the media to a ridiculous extent when OPEC was producing less than the new targets anyway. So there was no change in production. The spike in prices we saw were nothing but price gouging based on the news.
With Our Already High Fuel Prices This Is Really Going To Hit The Pocketbook
- Thread starter Old406Kid
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Old406Kid
Legend
If the direction was to put me out of business in 10 years I'm pretty sure that I would feel the same.
If you had the economic power of the oil industry and you went out of business, it would be because you wanted to. They can use that power to transition to the energy business of the future, and I believe they will. Screaming like a baby all the way, and making lots of money.
swimmy
An honest tune with a lingering lead
Such an elitist attitude.
Disagree for sure. If a few cents increase is the end of the world then they will be working the rest of their life until they die. They never could retire. Shows that a person invested, gave up on some expenditures while working, to have a better life with fewer worries so they can live life. Smart not elitist.
Rob Allen
Life of the Party
We need cheap gasoline until we have the infrastructure to supply all the needed electricity for everyone to be charging their cars all the time. Then we need the capability of electric cats to very greatly increase and the cost to come way down
. Until that occurs America cannot thrive without inexpensive gasoline it is that aimple.
. Until that occurs America cannot thrive without inexpensive gasoline it is that aimple.
Rob Allen
Life of the Party
I agree for us low wage folks it's not an inconvenience it crippling..
Shit, for us medium wage folks it’s crippling! Thanks college! You really helped out a ton!
wetline dave
Steelhead
Any B.S. excuse to raise taxes for some B.S. government program that does nothing and feeds dollars into politicos pockets.
Stanard operating procedure.
Keep voting for the same and continue with the same results. I think that is a rough definition of insanity.
Dave
Stanard operating procedure.
Keep voting for the same and continue with the same results. I think that is a rough definition of insanity.
Dave
Dustin Chromers
Legend
Washington gas taxes to nearly double next year under carbon program
(The Center Square) – Washington state’s new tax on carbon dioxide emissions under the Climate Commitment Act is projected to add 46 cents per gallon to the cost of gas
Carbon auctions will bring WA more money than predicted. Transportation could benefit
Environmental and transportation advocates want to see the money spent on reducing emissions from heavy-duty vehicles, as well as tax credits for electric cars.
www.seattletimes.com
More info.
DoesItFloat
Life of the Party
I angry faced you,How's that? You millennials aren't even working NOW
I don’t know what you’re referring to, but I’ve worked my entire adult life, and some of my preadolescent life.
As a business owner. We have several schedules for marking up the products we sell. Some small bits that we are able to buy right, we double the price we bought it for, and that's our sell it for.
Some big ticket items we sell, we only make a 20% gross margin.
Everything else falls in between those extremes. As the price we pay for materials goes up, so does our retail price. This leads to a situation where our gross profits look great, but due to a rise in inflation our costs go up. "Keeping the lights on."
A business owner has to due their best to maintain their margins when costs are high just to stay in business. When we have product on the shelf we bought at an inflated price, we try to keep the price up to make our intended margin in tack until we sell the bulk of it. Then if we buy the same at a lesser price, we may pass the decrease on to our customers, or it may go into a different schedule, and we will maintain the retail price.
With volume discounts, seasonal special, sales,..... it's easy to lose money when you're in business. It's hard to maintain margins and keep up on profits.
Those who bitch about "Big Oil" profits just can't seem to get their arms around the idea that if I buy something at a quantity for a price, I need to sell the same at a price plus a margin to stay in business.
I'm fortunate not to have to answer to shareholders that consistently want a profit, but as a shareholder in other businesses, I expect a profit.
Some big ticket items we sell, we only make a 20% gross margin.
Everything else falls in between those extremes. As the price we pay for materials goes up, so does our retail price. This leads to a situation where our gross profits look great, but due to a rise in inflation our costs go up. "Keeping the lights on."
A business owner has to due their best to maintain their margins when costs are high just to stay in business. When we have product on the shelf we bought at an inflated price, we try to keep the price up to make our intended margin in tack until we sell the bulk of it. Then if we buy the same at a lesser price, we may pass the decrease on to our customers, or it may go into a different schedule, and we will maintain the retail price.
With volume discounts, seasonal special, sales,..... it's easy to lose money when you're in business. It's hard to maintain margins and keep up on profits.
Those who bitch about "Big Oil" profits just can't seem to get their arms around the idea that if I buy something at a quantity for a price, I need to sell the same at a price plus a margin to stay in business.
I'm fortunate not to have to answer to shareholders that consistently want a profit, but as a shareholder in other businesses, I expect a profit.
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