US and Iran conflict thread. ( merged threads)

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fresch

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Like everything, the replacement cost is what makes the resale price. The price coming down is slower partly due to greed. Everything is on the world markets.
 
Saltwater60

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fresch said:
Like everything, the replacement cost is what makes the resale price. The price coming down is slower partly due to greed. Everything is on the world markets.
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I read an article today how they said the oil is bought about a month in advance. They locked in oil for the next month and have it bought at the price it was. I agree it should go up slower than it has and at an equal rate it drops. Of course some of this is corporate greed, but I can’t blame them. It’s all about business and making a profit. If people don’t like it they shouldn’t buy it. I know of no one who has stopped doing what they please because of gas prices.
 
spat

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DoD1776 said:
Oh ok so what you’re saying is that the price at the pump is due to corporate greed rather than actual price per barrel costs?
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Do you think they are more greedy than they were when the price was lower ?

The problem with attributing a rise in price to "greed" is that it only makes sense if there was a corresponding rise in greed.

I think they're greedy, but I think they were always greedy, so that doesn't explain the rise.


Also, a barrel of oil is 42 gallons. From that you can make about 20 gallons of gasoline, and a lot of other stuff.

so a $75/bbl oil price only accounts for about $3.75/ gallon for the gas.

And that's assuming you throw away the other products from that oil. In reality you're going to sell propane, asphalt, diesel, and a whole ton of other chemicals, so the cost of that gas is probably half that.
 
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Saltwater60

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spat said:
Do you think they are more greedy than they were when the price was lower ?

The problem with attributing a rise in price to "greed" is that it only makes sense if there was a corresponding rise in greed.

I think they're greedy, but I think they were always greedy, so that doesn't explain the rise.


Also, a barrel of oil is 42 gallons. From that you can make about 20 gallons of gasoline, and a lot of other stuff.

so a $75/bbl oil price only accounts for about $3.75/ gallon for the gas.

And that's assuming you throw away the other products from that oil. In reality you're going to sell propane, asphalt, diesel, and a whole ton of other chemicals, so the cost of that gas is probably half that.
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It’s just fashionable these days to yell about corporate greed. I get it with the young kids these days with the cost of cars and houses. Their outlook is bleak and I’m dealing with it with my kids. They don’t want to get married or have kids because they can’t afford it. I can’t blame them. To buy a house and a new car they need $300,000 by me. That’s a lot of cash.
 
tirwin1

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Here is a link to the agreement (supposedly). It's very vague. Iran agrees to never produce a nuclear weapon but details on their current uranium are to be worked out over 60 days. It says nothing about iran taking the millions/billions in fozen assets and paying someone else to make a nuclear weapon.

If this is a true copy of the agreement I personally would not consider this a major victory. But there are 60 days for the details to be clarified.

finance.yahoo.com

Read the 14-Point Draft Memorandum Between the US and Iran

(Bloomberg) -- The US and Iran are expected to formally sign a memorandum of understanding on June 19 in Switzerland, paving the way for 60 days of talks aimed at ending their war for good and putting strict new limits on Iran's nuclear program.Most Read from BloombergIran's Deputy Foreign...
finance.yahoo.com finance.yahoo.com
 
Steal2B

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Robin said:
It only takes a couple days to raise pump prices when the cost per barrel goes up. huh, must have something to do with the G word. Gravity(?), Greed(?), dunno.
Robin
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Panic Gasoline buying or increased "top off every tank" and "fill up every gas-can" hoarding will pull on the free market supply and demand chain and raise prices. Higher demand spikes will raise prices sooner.

As for greed, with ample supply, a local gas station will normally have greater profit by being cheaper than his across the street competitor and attracting more customers.

In a competitive market the forces tend to have the owners hold back on price increases more than the across the street competitor and conversely be ahead of the accross the street competitor with price cuts as inventory supply costs fall.

Most adults understand these realities but there are those who like to bitch, moan, or get clicks or self-soothing by blaming the boogie man.
 
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Robin

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Steal2B said:
Panic Gasoline buying or increased "top off every tank" and "fill up every gas-can" hoarding will pull on the free market supply and demand chain and raise prices. Higher demand spikes will raise prices sooner.

As for greed, with ample supply, a local gas station will normally have greater profit by being cheaper than his across the street competitor and attracting more customers.

In a competitive market the forces tend to have the owners hold back on price increases more than the across the street competitor and conversely be ahead of the accross the street competitor with price cuts as inventory supply costs fall.

Most adults understand these realities but there are those who like to bitch, moan, or get clicks or self-soothing by blaming the boogie man.
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I made a factual statement. I don't see how all that jibber jabber relates to it.
Robin
 
Grimscale

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Steal2B said:
In a competitive market the forces tend to have the owners hold back on price increases more than the across the street competitor and conversely be ahead of the accross the street competitor with price cuts as inventory supply costs fall.
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Must not be very many "competitive markets" around here.
Oil prices go up and EVERY gas station raises their prices immediately, even if they haven't received a new shipment under the new oil prices.
Gas stations surprisingly also all have the SAME prices. You would think one of them would say "let's make it 5c cheaper and get everyone's business", but they don't.

So gas prices increase immediately when oil prices do, but when oil prices drop gas prices linger for weeks before they also drop.

Makes me suspicious that gas prices have little to no bearing on what the oil prices are.
 
Beerman

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TEOTWAWKI inc. said:
Do people actually research gas prices before going to get gas, or drive around looking for the best price? $1, or maybe $2 savings on an entire tank of gas is not something I'll waste my time on. I also won't wait in line for a pump even if the fuel is considerably cheaper. Too much other shit to do.
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Some people use GasBuddy, Upside, Gas Guru, even Google Maps to track prices.
 
Defilade

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Grimscale said:
Must not be very many "competitive markets" around here.
Oil prices go up and EVERY gas station raises their prices immediately, even if they haven't received a new shipment under the new oil prices.
Gas stations surprisingly also all have the SAME prices. You would think one of them would say "let's make it 5c cheaper and get everyone's business", but they don't.

So gas prices increase immediately when oil prices do, but when oil prices drop gas prices linger for weeks before they also drop.

Makes me suspicious that gas prices have little to no bearing on what the oil prices are.
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That's because the markets are rigged. Speculators set the price as it happens in other markets also. It's not on supply and demand like it should be.
 
Drinkthekoolaid

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TEOTWAWKI inc. said:
Do people actually research gas prices before going to get gas, or drive around looking for the best price? $1, or maybe $2 savings on an entire tank of gas is not something I'll waste my time on. I also won't wait in line for a pump even if the fuel is considerably cheaper. Too much other shit to do.
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The people that drive 10 miles to save .05 cents a gallon probably never took the time to actually analyze if that was a good idea or not.

At 10 gallons they save .50cents and likely burn half a gallon of gas at 3.50 per gallon to save .50.

At 20 gallons, they save 1$.

All things considered I buy the cheapest gas on my normal route. I'm not going out of my way to spend more than I save doing so.
 
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