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-   -   Home and Auto Gasoline over $4 coming to a pump near you because this thread is ass (https://www.chiefsplanet.com/BB/showthread.php?t=293487)

IowaHawkeyeChief 06-07-2022 08:38 AM
Quote:
Originally Posted by AdolfOliverBush (Post 16322966)
Meanwhile, dummies like you blame one guy for high oil prices all over the planet.
Quick couple of questions... Are we energy independent today, or dependent? Are we asking/begging the Saudis and Venezuela to increase production? You are a true rube...

AdolfOliverBush 06-07-2022 08:41 AM
Quote:
Originally Posted by IowaHawkeyeChief (Post 16322969)
Quick couple of questions... Are we energy independent today, or dependent? Are we asking/begging the Saudis and Venezuela to increase production? You are a true rube...
And that somehow increases gas prices all over the world. Dummy.

Otter 06-07-2022 08:50 AM
Quote:
Originally Posted by Donger (Post 16322942)
It certainly looks like Bugeater was right.
Context?

Donger 06-07-2022 08:50 AM
Quote:
Originally Posted by IowaHawkeyeChief (Post 16322969)
Quick couple of questions... Are we energy independent today, or dependent? Are we asking/begging the Saudis and Venezuela to increase production? You are a true rube...
We are dependent on crude and refined imports now, and we have been something like 1952. If you define "energy independent" as being a net exporter, that happened most recently in 2016.

It's a tricky definition.

Donger 06-07-2022 08:51 AM
Quote:
Originally Posted by Otter (Post 16322985)
Context?
"Gasoline at $5.00 Coming to a Pump Near You"

Otter 06-07-2022 08:52 AM
Quote:
Originally Posted by IowaHawkeyeChief (Post 16322962)
LMAO... If their gross profits have nearly doubled in dollars, which the article claims, at the same time oil prices have doubled, this mean their ROE/ROI is about the same, which, as any business understands, is a necessity to staying viable. However, rubes like you get to say "oil companies are killing it..." as you scream at the sky.
I was going to dive in but thanks for taking the bullet. Good luck!

Otter 06-07-2022 08:54 AM
Quote:
Originally Posted by Donger (Post 16322988)
"Gasoline at $5.00 Coming to a Pump Near You"
I thought you said that but thanks for clarifying. I enjoy your input on this thread and was curious.

Donger 06-07-2022 08:55 AM
And yes, the energy companies are of course seeing record profits in terms of revenue since one of their primary products has basically doubled in price. But their profit margins are still about 9%, which really isn't that high comparatively. Projections are that their PM will go up this year to the 12% range.

Donger 06-07-2022 08:56 AM
Quote:
Originally Posted by Otter (Post 16322991)
I thought you said that but thanks for clarifying. I enjoy your input on this thread and was curious.
Sure. The $5.00 was a Bugeater edit. The original thread title that I created in 2008 was $4.00.

Munson 06-07-2022 08:57 AM
Quote:
Originally Posted by Donger (Post 16322995)
Sure. The $5.00 was a Bugeater edit. The original thread title that I created in 2008 was $4.00.
The mods will have to change it to $6 in a month or two.

Frazod 06-07-2022 09:08 AM
Quote:
Originally Posted by Munson (Post 16322996)
The mods will have to change it to $6 in a month or two.
Won't have to wait that long for me. $5.90 up here now. And if it's that bad here in the burbs, it's gotta be over $6 in Chicago/Cook County.

Donger 06-07-2022 09:09 AM
Quote:
Originally Posted by Munson (Post 16322996)
The mods will have to change it to $6 in a month or two.
That would be stunning and I don't think we'll get there unless additional factors come into play.

Again, in July 2008, gasoline hit $4.14 on crude pricing of $146/barrel. Adjusted for inflation, those are $5.56/gallon and $196/barrel in 2022 dollars.

Brody Wa 06-07-2022 12:07 PM
5.50 a gallon in Kirkland Washington. I think he’ll have to edit this thread to 6.00 a gallon pretty soon.

Eureka 06-07-2022 02:38 PM
Quote:
Originally Posted by Frazod (Post 16323005)
Won't have to wait that long for me. $5.90 up here now. And if it's that bad here in the burbs, it's gotta be over $6 in Chicago/Cook County.
Filled up yesterday in CA Bay Area for $5.99.

Your prices are as high as CA :eek:

Munson 06-08-2022 08:26 AM
6-8-22

New record high national average gasoline $4.955

New record high national average diesel $5.719

Kansas state average $4.563

Missouri state average $4.532

https://gasprices.aaa.com/


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