I guess they actually believe all the gas stations of the world have conspired to raise their prices concurrently out of sheer greed. The stupid actually hurts.
I assume the price is a reflection of the price of a barrel of oil. However, what someone mentioned to me that I find funny is that as soon as there is whisper of oil prices going up they're out there with the ladder changing the gas prices. But when the oil prices go down they say it will take a while for that price to work it's way to the pump. So somehow when the price of oil goes up there is no delay for that price to work it's way to the pump.
Labor cost increases, supply chain delay, less supply due to less investment in fuel infrastructure. Biden basically said “I will end fossil fuels” during this campaign, I highly doubt any of them are investing any improvements to their infrastructure at this point.
Up in Canada here, when Saudi and Russia flooded the market with oil a few years ago and dropped the price per barrel from $100-$110 to $30(?)-$50 per barrel. The companies up here were like "the economy is gonna crash with oil being so cheap, so we're gonna 'stabilize' the market by raising gas prices by ~CAN$0.20/L." Of course, they increased their profits tremendously, and now that oil is back to where it was before the flood, they refuse to remove their "stabilization increase."
So there's that to add to the price in Canada. Where we average over $8/Gal.
but at gas stations with nearby competition (of a different company and preferably independent) it'll cause them to lose money as people choose to skip their price gauging and take their business elsewhere.
That happens around here. Larger chains will bump their prices up a bit, but others stay where they are, then the larger ones come back down. The prices are all still shooting up, but they're forced to at least do it in a "three steps forward, two steps back" fashion.
Ok . Now tell the grocery stores to lower prices by 40% NOW! Then tell my banker to lower my mortgage payment by $700/month. And also, tell my Dr. to make an office visit $5.00. Oh and while you’re at it make my childcare only $400/month. Thank you, you idiot!!!🤪
I read it too. Just watched the movie version (available at the library on DVD) If you excuse the flaws in the production, it pretty much sums up where we are today. With cameos from Ron Paul, Hannity, Glenn Beck, and some black liberal (in part 3). It is eerie in its accuracy of today's USA. (Atlas Shrugged for the uninitiated)
My first read was when I was on jury duty in down town Los Angeles. It was in the dim past. The movie brings it into our "today" world pretty much, and is not as tedious as the book....IMHO
^ this.... cheapest gas gets more folks in the door.
Thats why rural stations with no/little competition are usually 20-30 cents more. Stations in higher populated areas, where there are stations (competition) everywhere are basically selling it at cost. They make their money on chips and cokes and candy bars.
And the price reflects what they will have to pay to refill their tanks
That's what they want. No gas. No food. No money. They want starving people to revolt so they can justify mass murder and FEMA camps. Welcome to the Great Reset.
ExxonMobil made $285bn in revenue in 2021. After the cost of buying crude, manufacturing, drilling, employee salaries, etc etc. They have $23bn in profit after taxes - 8.2%. That's it. So if they bring down prices by 8%, they no longer make any profit and can't afford new investments in capital, etc.
8% isn't what we want Joe. We want energy independence (again).
According to IBISWorld, gas stations make an average margin of just 1.4% on their fuel.
That’s far lower than the 7.7% average across all industries — and ranks beneath other notoriously low margin businesses like grocery stores (2.5%) and car dealerships (3.2%).
There is no way it makes a difference. We don't care about the components of the price at the pump; we only care about the price. And the price is set to match demand with supply. If the tax were to drop, there would be a run on gasoline and a shortage. So, the price would have to go up anyway to the present level, in order to balance demand against supply.
The only thing that would make a difference is to increase the supply. Stopping exports to Europe would be a good start. Then the pump prices could go down and we would be tending to our own. Europe? Tough titties... They were stupid enough to go along with Biden. The first person to wave off the fog of stupidity gets to turn around and not walk over the cliff.
His ignorance of how businesses operate is amazing. This is what happens when political science majors who spend their entire life in government sucking on the taxpayers teet think how a business runs. He thinks that service station owners have the ability to survive by selling product for less then they pay..
Stupid Joe go take an economics class, run a business make a payroll manage a budget. Or better yet just shut up.
I guess they actually believe all the gas stations of the world have conspired to raise their prices concurrently out of sheer greed. The stupid actually hurts.
I assume the price is a reflection of the price of a barrel of oil. However, what someone mentioned to me that I find funny is that as soon as there is whisper of oil prices going up they're out there with the ladder changing the gas prices. But when the oil prices go down they say it will take a while for that price to work it's way to the pump. So somehow when the price of oil goes up there is no delay for that price to work it's way to the pump.
In 2008 oil hit 180 a barrel and pump prices were much lower than they are now with oil at about 120 a barrel. Why is that?
Labor cost increases, supply chain delay, less supply due to less investment in fuel infrastructure. Biden basically said “I will end fossil fuels” during this campaign, I highly doubt any of them are investing any improvements to their infrastructure at this point.
The dollar was worth more (a LOT more) in 2008 than it is today. I suspect that is a large part of its current pricing.
My message to Old Joe is this: Stop collecting taxes on gasoline now! DO IT TODAY! Ya' f*#King moron.
Up in Canada here, when Saudi and Russia flooded the market with oil a few years ago and dropped the price per barrel from $100-$110 to $30(?)-$50 per barrel. The companies up here were like "the economy is gonna crash with oil being so cheap, so we're gonna 'stabilize' the market by raising gas prices by ~CAN$0.20/L." Of course, they increased their profits tremendously, and now that oil is back to where it was before the flood, they refuse to remove their "stabilization increase."
So there's that to add to the price in Canada. Where we average over $8/Gal.
but at gas stations with nearby competition (of a different company and preferably independent) it'll cause them to lose money as people choose to skip their price gauging and take their business elsewhere.
That happens around here. Larger chains will bump their prices up a bit, but others stay where they are, then the larger ones come back down. The prices are all still shooting up, but they're forced to at least do it in a "three steps forward, two steps back" fashion.
The dumbist of motherfuckers!
Believe me!
dumbist
Seriously? Then they would not be able to refill their tanks and consumers would be stranded... Oh wait where is that handbook for war post....
I literally said this out loud when I read it.
Ok . Now tell the grocery stores to lower prices by 40% NOW! Then tell my banker to lower my mortgage payment by $700/month. And also, tell my Dr. to make an office visit $5.00. Oh and while you’re at it make my childcare only $400/month. Thank you, you idiot!!!🤪
He obviously F’d all of his Econ classes.. what a Friggin Idiot
Do it now. Do it today!
Yeah like it is their fault.
I remember reading a book like this.
Who is John Galt.
I read it too. Just watched the movie version (available at the library on DVD) If you excuse the flaws in the production, it pretty much sums up where we are today. With cameos from Ron Paul, Hannity, Glenn Beck, and some black liberal (in part 3). It is eerie in its accuracy of today's USA. (Atlas Shrugged for the uninitiated)
I saw the movie when they were released. I am thinking about reading it again.
I read it during the Obama years.
My first read was when I was on jury duty in down town Los Angeles. It was in the dim past. The movie brings it into our "today" world pretty much, and is not as tedious as the book....IMHO
Looks like the brain dead idiot never heard of supply and demand.
DUH! I can't believe nobody thought of this sooner. Will the same approach work if I ask him to concede the election? It's all so simple.
My message is simple….gtfo of the White House.
WUT?!?
How about you resign moron
Ah!! so simple!! hey just charge less man!!!
Problem is the average retard that voted for this POS actually thinks this way.
Makes perfect sense to a senile pervert who's never earned an honest dollar in his long life.
A lot of gas stations do sell close to at cost as they are trying to make the difference on food and drinks.
^ this.... cheapest gas gets more folks in the door.
Thats why rural stations with no/little competition are usually 20-30 cents more. Stations in higher populated areas, where there are stations (competition) everywhere are basically selling it at cost. They make their money on chips and cokes and candy bars.
And the price reflects what they will have to pay to refill their tanks
That's what they want. No gas. No food. No money. They want starving people to revolt so they can justify mass murder and FEMA camps. Welcome to the Great Reset.
God please forgive me for hating this man.
What's to forgive?
Signed, God
From the guy whose crackhead spawn charged $500k for macaroni art.
Hehe crackhead spawn👌
Ha, 1st thing I thought was if he doesn't use his hushed voice, he's not serious...
And sure enough, he ended with his hushed voice.
If only he would ask the same of grocery stores!
I thought high gas prices were muh bad Russia man’s doing? Please tell me people don’t think this is how prices are set. Right? Right?!
There are millions who think their food comes from a grocery store and that there is no need for farmers. So yeah, they think this is how it works.
We're at war, you heard him.
The fool said it was “Putin’s price hike”, of course that was more than 5 minutes ago so has no recollection of saying that.
Pedojo please drop dead, now, today.
Just do it, do it now.
ExxonMobil made $285bn in revenue in 2021. After the cost of buying crude, manufacturing, drilling, employee salaries, etc etc. They have $23bn in profit after taxes - 8.2%. That's it. So if they bring down prices by 8%, they no longer make any profit and can't afford new investments in capital, etc.
8% isn't what we want Joe. We want energy independence (again).
You guys are missing the 'long game' on this idiotic request...
When gas stations DON'T lower their prices, the Dems will then say:
He doesn't have control over his bowels, much less bringing gas prices down.
Communist price control. That's totally not gonna backfire.
He’s out of his mind! Work for nothing? That’s not the American way.
See, he's just mixed up because his entire life, he's done nothing and gotten paid.
https://thehustle.co/the-economics-of-gas-stations/amp/
FJB
What a dumb sonofabitch.
What, exactly, is the federal tax on gas at the pump? I am thinking that the "gas tax holiday" is going to be a bust.
I was looking that up earlier, it looked to be about $0.18 per gallon with State taxes averaging $0.30ish per gallon.
So even if he does give us a Federal tax break on gas, the difference is negligible.
That should save me about $30/mo. Thanks Brandon, phew! Looks like we're all going to be alright. Give this man a round of applause, please folks?!
Ooo.... now we can buy groceries.
There is no way it makes a difference. We don't care about the components of the price at the pump; we only care about the price. And the price is set to match demand with supply. If the tax were to drop, there would be a run on gasoline and a shortage. So, the price would have to go up anyway to the present level, in order to balance demand against supply.
The only thing that would make a difference is to increase the supply. Stopping exports to Europe would be a good start. Then the pump prices could go down and we would be tending to our own. Europe? Tough titties... They were stupid enough to go along with Biden. The first person to wave off the fog of stupidity gets to turn around and not walk over the cliff.
County tax too.
I do believe it is 18 or 19 cents per gallon.
Ohio and California have stickes showing the tax structure and there was a post showing the ohio sticker.
Nice of them to make the theft transparent.
$.18 / gallon
His ignorance of how businesses operate is amazing. This is what happens when political science majors who spend their entire life in government sucking on the taxpayers teet think how a business runs. He thinks that service station owners have the ability to survive by selling product for less then they pay.. Stupid Joe go take an economics class, run a business make a payroll manage a budget. Or better yet just shut up.
My message is simple too - Let's go Brandon !!!
U fag, half the amount displayed on gas pumps across America are TAX.
He’s acting like he’s got Trumps magic wand. And common sense. Sucks he lost both.
What a knuckle head. Sheesh.
First comes price controls, then comes rationing.... get ready
Hey joe,tell the interior dept and the dept of energy to drill their own wells.
You have 100% control.
Kek. It would take them 20 years to produce 20 barrels a day.
https://nitter.net/ArtValley818_/status/1539704262548082688
🥔
It don’t work that way ass hole