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

ptlyon

03-09-2022 10:21 AM

Quote:

Originally Posted by displacedinMN (Post 16181929)

3.99

Looks like we'll be there tomorrow

displacedinMN

03-09-2022 10:21 AM

Quote:

Originally Posted by Hydrae (Post 16181924)

My only question is, does the price drop in the same manner? So, the minute that crude drops (like today) we should see a pump price drop too, right?

of course not.

Donger

03-09-2022 10:23 AM

Quote:

Originally Posted by Hydrae (Post 16181924)

My only question is, does the price drop in the same manner? So, the minute that crude drops (like today) we should see a pump price drop too, right?

An explanation of that is buried somewhere in this thread. More than once.

Donger

03-09-2022 10:28 AM

Quote:

Originally Posted by ptlyon (Post 16181927)

Once again, they paid X for what is in the tanks. Yes they deserve a markup on that shipment. But increasing it as it goes is bullshit.

From below. I paid 3.59. Who knows what it was when they purchased it and put it in. But say it was whatever and they based it off of 3.59 for their margin of profit.

They raised it to what it is today, 3.89. They're making 30 cents more a gallon than their original profit margin.

Is it fair to be charging 4.59 by the time they need to fill the tanks again? No. That's price gouging on the base price they paid originally.

Yes, they paid for what is in the tanks, and what they paid for that was based on replacement cost. It's really just moving money around. There was someone here who explained it much better than I can. Bunnytrdr, I think.

ptlyon

03-09-2022 10:29 AM

They're moving money around alright...

Donger

03-09-2022 10:35 AM

Quote:

Originally Posted by ptlyon (Post 16181950)

They're moving money around alright...

Here you go:

A gasoline retailer typically seeks to establish a retail price based on the cost of replacing the gasoline currently at the retail location, not the cost of that product itself. Basing prices on "replacement costs" is especially critical when wholesale prices fluctuate frequently. A retailer must generate sufficient cash from its current retail sales to purchase its next delivery of gasoline; otherwise, the retailer would be constantly using debt to finance wholesale gasoline purchases.

ptlyon

03-09-2022 10:49 AM

Thanks. Somewhat understandable, but it's still bullshit.

BleedingRed

03-09-2022 10:54 AM

Quote:

Originally Posted by ptlyon (Post 16181990)

Thanks. Somewhat understandable, but it's still bullshit.

......

Why?

Monty

03-09-2022 11:02 AM

Quote:

Originally Posted by Bwana (Post 16181697)

My truck is a Chevy crew cab long box with a Duramax diesel. It's got a full tank that I filled up long before the gas prices went nuts. Thankfully I don't drive that truck much, other than to haul around my toys to the mountains. Can't wait to fill that thing up when I run it dry. :hmmm: I plan to bring along the title to my house when that happens, to trade for a tank of gas.

I have the same, pulls my 5th wheel and such. Mrs. Monty made me get the High Country, I didn't resist much. It's a great truck, but will be parked for the majority of this summer until we head up to the Black Hills.

Monty

03-09-2022 11:06 AM

First signs of $4.09 for regular in North Dallas as of this morning.

Diesel is $4.59

Eureka

03-09-2022 11:10 AM

I paid $4.89 in California yesterday. Most stations are priced higher.

Us Californians have been paying 4-5$ for awhile now. The rest of the nation is catching up.

ptlyon

03-09-2022 11:40 AM

Quote:

Originally Posted by BleedingRed (Post 16182000)

......

Why?

Because. Say they paid 3.49 a gallon for the tank. Their markup was say 10 cents a gallon. That's understandable. But to keep raising the price for what they may eventually pay is bullshit. They still paid 3.49 a gallon.

Do you think it's reasonable that they end up charging, say, 3.99 a gallon on what they paid 3.49 for? A 50 cent a gallon profit from the 10 they already were?

I don't.

Bugeater

03-09-2022 11:41 AM

Quote:

Originally Posted by lewdog (Post 16181649)

Everything is cheaper in the Midwest.

Houses, gas, even women.

Problem is, you have to live in the Midwest to take advantage of those things.

ptlyon

03-09-2022 11:43 AM

Quote:

Originally Posted by Bugeater (Post 16182176)

Problem is, you have to live in the Midwest to take advantage of those things.

I need to find these cheap women he's talking about