These gas station guys suck. Oil went up a buck a barrel yesterday. Station guy raised his prices .19 a gallon this morning. What, the oil he has in his tanks cost him more overnight???? THIS IS BS!!!!

Sell airline stocks and invest in oil stocks. Oil has hit bottom.
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United Steel Workers are on strike for the fourth day at plants totaling about 10% of the US refining capacity in addition to oil being at $57 a barrel when it was previously around $45, two factors that are influencing the spike, no one ever considers the first.

Gas stations have around 1-3% profit margin on a gallon of gas. That's why they are almost always within a small percent of each other on price, unless it is isolated geographically or something.

Got my heating oil tank topped off yesterday! My guy said oil prices have spiked the last 4 days so get it while its low....its headed back up!

United Steel Workers are on strike for the fourth day at plants totaling about 10% of the US refining capacity in addition to oil being at $57 a barrel when it was previously around $45, two factors that are influencing the spike, no one ever considers the first.

Exactly what my oil guy said!

the new King has spoken

I think the refineries are also switching over to the summer blend and this is when they start doing their annual maintenance which takes some of them off line.

Price of crude goes down it takes weeks for the price to go down.
They claim they have to sell off what's remaining in their tanks according to what THEY paid, and when it goes down its in pennies.
Price of crude goes up , gas stations go up the next day. And it goes up nickels & dimes.
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Gas stations have around 1-3% profit margin on a gallon of gas. That's why they are almost always within a small percent of each other on price, unless it is isolated geographically or something.

I dont believe that to.be accurate. MAybe true for a mom.and pop but the larger outfits like shell.and.mobile have a larger profit margin. I recall one report i read a few years back it was 15~20%.
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I dont believe that to.be accurate. MAybe true for a mom.and pop but the larger outfits like shell.and.mobile have a larger profit margin. I recall one report i read a few years back it was 15~20%.
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not by my understanding. the mom and pops actually have more flexibility and can set their prices. if you own a franchise of mobile, shell, etc. they set your prices and they are very low. in some cases you break even or even take a small loss selling gas and have to make up for it on convenience store, auto maintenance, ect. Mobile and shell may make 15-20%, not the franchise owner.

I filled up on gas yesterday, 1.97

1 barrel of oil has 42 gallons to it. so that about 2.5 cents a gallon rise.....so WTF is with a 19 cent increase....that's even more BS

it's only measured by the barrel when discussing crude oil
so the gallon measurement wouldn't apply i would think

Sell airline stocks and invest in oil stocks. Oil has hit bottom.
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I don’t know…Delta and Southwest were doing just fine when oil was at $100 plus and now you got to see them because oil is up a buck?
Wall street can be hilarious to watch sometimes

I don’t know…Delta and Southwest were doing just fine when oil was at $100 plus and now you got to see them because oil is up a buck?
Wall street can be hilarious to watch sometimes

They might have been doing fine but they exploded when oil dropped. Now as oil rises those stocks are inflated and will go down as oil goes up due to lower profit margins.

I'm no expert.. I just pay close attention to these things.
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Bend over again.
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1 barrel of oil has 42 gallons to it. so that about 2.5 cents a gallon rise.....so WTF is with a 19 cent increase....that's even more BS

All.the.middle men.need.to.get paid...
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"Over the past five years (2009-2013), retailer
gross margins (before expenses) have
averaged 17.1 cents per gallon. Expenses to
sell that fuel range from about 12 to 16 cents
per gallon, so any change in the gross margin
has a significant effect on profit margins. "

15-20% is not accurate. That is getting into the 40-50 cents per gallon range after costs.
This gives a lot of insight into gas and oil pricing.
http://www.nacsonline.com/YourBusiness/FuelsReports/GasPrices_2014/Documents/2014NACSFuelsReport_full.pdf

BOHICA