BF2S Forums California Gasonline ((BRACING FOR HELL))

PBAsydney wrote:

WilhelmSissener wrote:

blabla american idiot bla bla bla open your head bla bla bla guy next to me lean away from my keyboard and don't spit on me bla bla bla i don't care bla bla bla

edit: in norway the tax on feul is 75% if i'm right...

I think it's funny that the oil kings of the north have the most expensive gas

kr@cker wrote:

http://www.conocophillips.com/newsroom/other_resources/energyanswers/oil_profits.htm
http://taxprof.typepad.com/taxprof_blog … excee.html
http://www.pbs.org/newshour/bb/business … 05-03.html

http://www.madison.com/wsj/home/biz/ind … ntid=92655
http://www.washingtonpost.com/wp-dyn/co … 02399.html



now one thing the second pair of articles fail to address is that gas companies have to use, shoot, someone help me with the term, i think it's called inventory profit, meaning that they have to plan for the price increase usually at least 2 quarters down the road. They stock pile the gas at (just grabbing numbers for explainification) $.80, and then sell it at $.88 (we'll leave taxes out and just give them a round 10% profit margin), but then while that ($.80) stockpile is being depleted, the cost for them to replenish the inventory goes up to $.85, so then they are left with only about 3% to work with, then the (.85) stockpile is sold at another 10% profit. The media is all too glad to jump on the initial 10% profit, and always broadcast it in dollar amounts for shock value, keep in mind that the gasoline companies never process solely gasoline, but methane, propane, butane and the like as well. So the dollar amount of a 10% inventory profit across their product board is just plain inconceivable to pretty much anyone any of us are likely to meet. How about some of these politicians that are so ready to accuse the oil companies of gouging while their own leglislation has added up to .60 cents a gallon start reducing the state tax on said gallon? http://www.energy.ca.gov/gasoline/stati … _2002.html
Now my state typically ranks in the top end of road quality, but has some of the lowest taxes, so what are the states with almost 2X the tax doing with that money? Especially the ones that used DOT funding as a reason to approve state lotteries?
Also, don't forget the large role china has to play in the price as well, profits, being tied to volume, are likely to increase in direct proportion to consumption, so when consumption increases exponentially, so will profit.

edit: I live in georgia, and if you don't think we have traffic you have never been here, granted we don't have the freeze fractures of say the great lakes states, but I-75 and I-90 are two of the heaviest traveled corridors in North America, and Atlanta has world renowned traffic, as well as the world's busiest airport ( I need to find out what the tax on JP-8 is),

kr@cker wrote:

you read it though

Last edited by Pw.Sultan (2006-08-09 18:32:03)

ATG wrote:

david363 wrote:

that seems pretty expensive, but over here in the UK petrol has gone to Over £1 a litre, to fill up my car now, it costs me near £70

Well at least you only have to pay in those funny little L symbols you Brits use.
Filling my Dodge  ( I own 5 American gas guzzling work trucks btw besides my Dodge. ) cost $ 55 dollars.

Jussimies wrote:

Dont complain, here the prize is 1.50€/LITER and it is getting really expensive.