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| StriperTalk! All things Striper |
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02-05-2015, 11:58 AM
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#1
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Very Grumpy bay man
Join Date: Nov 2003
Location: Rhode Island
Posts: 10,824
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Barrel of Oil goes up a buck
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!!!!
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No boat, back in the suds.  
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02-05-2015, 12:38 PM
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#2
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,692
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Sell airline stocks and invest in oil stocks. Oil has hit bottom.
Posted from my iPhone/Mobile device
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02-05-2015, 12:50 PM
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#3
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Keep The Change
Join Date: Oct 2000
Location: The Road to Serfdom
Posts: 3,275
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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.
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“It’s not up to the courts to invent new minorities that get special protections,” Antonin Scalia
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02-05-2015, 01:26 PM
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#4
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Registered User
Join Date: Oct 2003
Location: Bethany CT
Posts: 2,883
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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.
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No, no, no. we’re 30… 30, three zero.
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02-05-2015, 01:27 PM
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#5
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BigFish Bait Co.
Join Date: Apr 2003
Location: Hanover
Posts: 23,392
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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!
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Almost time to get our fish on!!! 
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02-05-2015, 01:28 PM
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#6
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BigFish Bait Co.
Join Date: Apr 2003
Location: Hanover
Posts: 23,392
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Quote:
Originally Posted by Fishpart
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.
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Exactly what my oil guy said! |
Almost time to get our fish on!!!
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02-05-2015, 01:29 PM
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#7
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........
Join Date: Apr 2002
Posts: 22,805
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the new King has spoken
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02-05-2015, 01:32 PM
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#8
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Registered User
Join Date: Jul 2004
Posts: 10,295
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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.
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02-05-2015, 01:49 PM
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#9
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Registered User
Join Date: Nov 2003
Location: On my boat
Posts: 9,703
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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.
Posted from my iPhone/Mobile device
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02-05-2015, 01:51 PM
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#10
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Registered User
Join Date: Aug 2010
Location: A village some where
Posts: 3,436
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Quote:
Originally Posted by zimmy
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.
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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%.
Posted from my iPhone/Mobile device |
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02-05-2015, 02:45 PM
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#11
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xxx
Join Date: Oct 2003
Location: Playin' in the Dark
Posts: 2,407
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Quote:
Originally Posted by iamskippy
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%.
Posted from my iPhone/Mobile device
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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. |
"Remember, my friend, that knowledge is stronger than memory, and we should not trust the weaker" - Van Helsing
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02-05-2015, 03:11 PM
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#12
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Registered User
Join Date: Nov 2008
Posts: 333
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I filled up on gas yesterday, 1.97
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02-05-2015, 04:10 PM
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#13
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Super Moderator
Join Date: Sep 2003
Location: Georgetown MA
Posts: 18,203
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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
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"If you're arguing with an idiot, make sure he isn't doing the same thing."
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02-05-2015, 04:14 PM
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#14
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........
Join Date: Apr 2002
Posts: 22,805
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it's only measured by the barrel when discussing crude oil
so the gallon measurement wouldn't apply i would think
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02-05-2015, 04:49 PM
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#15
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Registered User
Join Date: Nov 2004
Location: NY
Posts: 1,073
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Quote:
Originally Posted by Nebe
Sell airline stocks and invest in oil stocks. Oil has hit bottom.
Posted from my iPhone/Mobile device
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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 |
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02-05-2015, 05:07 PM
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#16
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,692
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Quote:
Originally Posted by Zeno
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
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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.
Posted from my iPhone/Mobile device |
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02-05-2015, 05:19 PM
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#17
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Too old to give a....
Join Date: Dec 2007
Posts: 2,505
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Bend over again.
Posted from my iPhone/Mobile device
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02-05-2015, 07:22 PM
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#18
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Registered User
Join Date: Aug 2010
Location: A village some where
Posts: 3,436
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Quote:
Originally Posted by The Dad Fisherman
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
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All.the.middle men.need.to.get paid...
Posted from my iPhone/Mobile device |
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02-05-2015, 09:09 PM
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#19
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Registered User
Join Date: Oct 2003
Location: Bethany CT
Posts: 2,883
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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/YourBusine...eport_full.pdf |
No, no, no. we’re 30… 30, three zero.
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02-05-2015, 10:22 PM
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#20
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Certifiable Intertidal Anguiologist
Join Date: Feb 2000
Location: Somewhere between OOB & west of Watch Hill
Posts: 35,270
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BOHICA
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~Fix the Bait~ ~Pogies Forever~
Striped Bass Fishing - All Stripers
Kobayashi Maru Election - there is no way to win.
Apocalypse is Coming:
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