WELCOME TO RIVER DAVES PLACE

Riddle me this (gas prices)

RitcheyRch

RitcheyRch

Currently Boat-Less
Joined
Sep 20, 2007
Messages
65,467
Reaction score
83,849
286056917_5326274924074365_3061121601933276245_n.jpg
 
was thatguy

was thatguy

living in a cage of fear
Joined
Apr 28, 2008
Messages
51,586
Reaction score
95,501
Sleek-Jet said:
A dollar bought more back in 2001.
Click to expand...

Based strictly on the premise of inflation, that Bbl of oil today should cost $260 a barrel if gas is $8
Both units should cost double, not just the gas.

But as I’ve said before, less than half of that barrel of oil actually gets made into gasoline.
Pump prices are the only metric anyone ever sees, even though the oil goes through refineries, wholesalers, distribution, and god knows what else before it hits the gas pump…taxed every step of the way of course.

The dollar that buys less today is the consumer dollar, and it’s by design.
 
Wedgy

Wedgy

Well-Known Member
Joined
Jan 18, 2020
Messages
9,289
Reaction score
14,020
Squeezing Lemmings to make Lemonade
 
LazyLavey

LazyLavey

Well-Known Member
Joined
Jan 20, 2017
Messages
6,026
Reaction score
9,657
For several years I've always wondered why there Seems to no even correlation b/t barrel of oil cost fluctuation and effect of retail prices...

BUT... on another note...

riddle me this....

During a debate with Bernie and Lindsey, Lindsey criticized the WH for gas prices and inflation....

Bernie responed with big oil just reported multi billion $$ for the first quarter

That comment silenced Lindsey...

In my feeble mind I too would have to ask... Ya.. big oil huge profits and gas prices.. are they related?

 
The Prisoner

The Prisoner

Well-Known RDP Prisoner Inmate #283
Joined
Nov 8, 2007
Messages
7,519
Reaction score
13,965
Today in Kingman. I almost shit til I saw the sign workers. But probably be true next month
E3F7A72E-43CB-41CF-A162-C583D065F936.jpeg
 
Flying_Lavey

Flying_Lavey

Dreaming of the lake
Joined
Feb 13, 2008
Messages
20,544
Reaction score
17,431
LazyLavey said:
For several years I've always wondered why there Seems to no even correlation b/t barrel of oil cost fluctuation and effect of retail prices...

BUT... on another note...

riddle me this....

During a debate with Bernie and Lindsey, Lindsey criticized the WH for gas prices and inflation....

Bernie responed with big oil just reported multi billion $$ for the first quarter

That comment silenced Lindsey...

In my feeble mind I too would have to ask... Ya.. big oil huge profits and gas prices.. are they related?

Click to expand...
Are those Net profits? Are they confusing gross revenue with profits? I just ask cause I don't believe shit from the media and even less from the WH.

Also, every step of the production and distribution ladder has to try to anticipate where prices are going and when oil speculators just keep saying up up up.... each level has to price accordingly.
 
LazyLavey

LazyLavey

Well-Known Member
Joined
Jan 20, 2017
Messages
6,026
Reaction score
9,657
Flying_Lavey said:
Are those Net profits? Are they confusing gross revenue with profits? I just ask cause I don't believe shit from the media and even less from the WH.

Also, every step of the production and distribution ladder has to try to anticipate where prices are going and when oil speculators just keep saying up up up.... each level has to price accordingly.
Click to expand...
Of course Bernie gave no further details nor did Lindsey even try to counter the comment or elaborate... The concern is folks will see this and take it on face value which looks bad for big oil and the right...

Most people will see tis and not bother to research the facts for an explanation.. The WH repubs have got to strike back and contradict with facts
 
was thatguy

was thatguy

living in a cage of fear
Joined
Apr 28, 2008
Messages
51,586
Reaction score
95,501
jetboatperformance said:
Back after 9/11 a barrel of crude Oil jumped to 130 a barrel and gas was at 4 bucks , now crude is at 130 a barrel again and gas is almost 8 bucks ??
Click to expand...

The lowest average price today was in Georgia at $4.49 a gallon.
Anything more than that anywhere has nothing to do with “big oil”.

So it’s still high, but more or less in line with the previous high crude price relation.

So what’s different about Georgia and California?
Lol, it ain’t oil companies. Yeah, they ARE cash banking with an uncertain future with numb nuts running the country and vilifying everything and everybody not gay black or a green energy climate nazi, but they are not responsible for any cost over that $4.49.
I read that Biden just released another 45 million Bbls from strategic reserve.
I don’t think he knows what “strategic” means?
 
JJ McClure

JJ McClure

Well-Known Member
Joined
Mar 9, 2022
Messages
1,400
Reaction score
2,275
was thatguy said:
The lowest average price today was in Georgia at $4.49 a gallon.
Anything more than that anywhere has nothing to do with “big oil”.

So it’s still high, but more or less in line with the previous high crude price relation.

So what’s different about Georgia and California?
Lol, it ain’t oil companies. Yeah, they ARE cash banking with an uncertain future with numb nuts running the country and vilifying everything and everybody not gay black or a green energy climate nazi, but they are not responsible for any cost over that $4.49.
I read that Biden just released another 45 million Bbls from strategic reserve.
I don’t think he knows what “strategic” means?
Click to expand...
45 million barrels? So that’s what, 2 1/2 days of US usage? I can confirm he does not know the definition of strategic.... there can’t be much oil left in our strategic reserves.
 
D

Doc

2022 32 Doug Wright
Joined
Mar 3, 2008
Messages
1,131
Reaction score
2,255
RobJohnson said:
45 million barrels? So that’s what, 2 1/2 days of US usage? I can confirm he does not know the definition of strategic.... there can’t be much oil left in our strategic reserves.
Click to expand...
Well he ain't doing it to battle pricing he's doing it to deplete the reserves if he can.

Oil companies are producing and exporting a lot to mexico right now. They are going to make as much money as they can since they see major pushes for green new deal.
 
Wedgy

Wedgy

Well-Known Member
Joined
Jan 18, 2020
Messages
9,289
Reaction score
14,020
John Kerry marries rich women for money. Fine. Leave us TF alone, Lurch. Nitwit. None of the idiots understand math apparently.
Or maybe they do and it's all about how the money adds up and they just don't care.

Granholm as Energy Secretary is as much a joke as Mayor Pete is as Secretary of Transportation. The only miles of transportation Mayor Pete has personally experienced are measured in inches.
The Biden Administration is The Mob and Reno 911 put together on steroids. But the Mob is more efficient, and Reno 911 are better Cops.

https://www.thegatewaypundit.com/20...e-agenda-led-electric-car-investors-insiders/
 
D

dnewps

Banned
Joined
Jul 27, 2012
Messages
1,608
Reaction score
2,382
I hope everyone sees that electric cars for the masses is decades away. The climate nuts hate nuclear and we aren’t building more clean coal...sooo
 
Wedgy

Wedgy

Well-Known Member
Joined
Jan 18, 2020
Messages
9,289
Reaction score
14,020
These people live in an alternate Raiinbow Moonbeam and Unicorn fart reality.

Math told us that already, but these idiots are hell bent stuck on stupid. KMA
 
94Nautique

94Nautique

Once Banned
Joined
Jul 22, 2010
Messages
12,315
Reaction score
25,628
Wedgy said:
John Kerry marries rich women for money. Fine. Leave us TF alone, Lurch. Nitwit. None of the idiots understand math apparently.
Or maybe they do and it's all about how the money adds up and they just don't care.

Granholm as Energy Secretary is as much a joke as Mayor Pete is as Secretary of Transportation. The only miles of transportation Mayor Pete has personally experienced are measured in inches.
The Biden Administration is The Mob and Reno 911 put together on steroids. But the Mob is more efficient, and Reno 911 are better Cops.

https://www.thegatewaypundit.com/20...e-agenda-led-electric-car-investors-insiders/
Click to expand...
LOL, you mean miles of travel in the Hershey Highway...
 
76sanger

76sanger

Well-Known Member
Joined
Apr 1, 2020
Messages
632
Reaction score
1,569
Danger Dave said:
https://twitter.com/i/web/status/1536795183639035905
Click to expand...
Ya how messed up is that. That oil is not, or I should say should not be touched. That is for mostly military or if we get attacked and need oil.
Here we are sitting on some of the largest oil fields in the world and this moron and his "GREEN AGENDA RELIGION" administration absolutely will not open up drilling to help take care of the american people. That is the President's (and I use that very gingerly) first obligation, to take care of "WE THE PEOPLE OF THE USA" first.
Danger Dave said:
https://twitter.com/i/web/status/1536795183639035905
Click to expand...
 
xlint89

xlint89

Well-Known Member
Joined
May 1, 2021
Messages
817
Reaction score
2,183
76sanger said:
Ya how messed up is that. That oil is not, or I should say should not be touched. That is for mostly military or if we get attacked and need oil.
Here we are sitting on some of the largest oil fields in the world and this moron and his "GREEN AGENDA RELIGION" administration absolutely will not open up drilling to help take care of the american people. That is the President's (and I use that very gingerly) first obligation, to take care of "WE THE PEOPLE OF THE USA" first.
Click to expand...
But he promised that little girl on the campaign trail he was going to do away with fossil fuels.

And his cronies that bought elec vehicle stocks would be mad if he did open up our oil supplies.
 
You must log in or register to reply here.
Top