Fuel Prices
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Haha you guys have to see the big picture here, the purposed pipeline that would run through north dakota is 30 inches in diameter...
the maximum yield is "Roughly 400,000 barrels of crude oil a day would pass through any portion of the pipe. "
Ok, so we're talking 400,000 barrels a day, and there is no way they would be using it at capacity either. now look at the world's oil consumption... 80+ million...
Yup. You won't be seeing any impact on prices at the pumps... remember this is CRUDE oil that we're talking about, its the refinement process that often dictates prices more then anything
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Jim wrote:
The funny thing is, the people at gas stations aren't effected THAT fast of the gas prices, the often gouge by what the media says. I remember a few years ago, some guy got fined after 9-11 and he jacked his gas prices to like $5.00 or something...The funny part is, US stock piles of oil have been increasing... so you would think that prices would go down, but its all based on speculation. OPEC produces I think somewhere around a 1/3 (i think its like 40%) of the world's crude oil production. In all actualilty a small change in the crude oil production will have very little effect ont he overal price of refined oil's such as gasoline, but will have a large psycological effect to the speculators.
First of all, you are misinformed about gas stations. You know how much gas stations make off a gallon? Well we make about ten cents a gallon, and we sell between 300-500 a day. Not even enough to pay my salary.
Secondly, its usually not the gas stations that set the price, its their supplier. There is one guy in Jamestown and Carrington who sets the price. He tells the gas stations what price to go to.
Lastly, our stock piles are up, because Bush keeps buying it to fill the reserve. So its dutch door action for us here. Not only do we take it at the pumps, but thats where our tax money is going. One thing that would help the gas price is if Bush would stop buying fuel for the reserve for awhile, but that wont happen cause the oil men in office are making too much.
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AntiBling wrote:
First of all, you are misinformed about gas stations. You know how much gas stations make off a gallon? Well we make about ten cents a gallon, and we sell between 300-500 a day. Not even enough to pay my salary.Secondly, its usually not the gas stations that set the price, its their supplier. There is one guy in Jamestown and Carrington who sets the price. He tells the gas stations what price to go to.
Lastly, our stock piles are up, because Bush keeps buying it to fill the reserve. So its dutch door action for us here. Not only do we take it at the pumps, but thats where our tax money is going. One thing that would help the gas price is if Bush would stop buying fuel for the reserve for awhile, but that wont happen cause the oil men in office are making too much.
Either way, the prices that the consumer pays at the pump have little to do with the actual crude oil production.
The price that we pay for refined oil should not flutuate the way it does in correlation with crude oil production.
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1.09 or 2.09? 1.09 would have been the sale of year.
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1.96 for 87 right now in Richfield, 1.87 in Burnsville, about 8 miles apart.
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AntiBling wrote:
First of all, you are misinformed about gas stations. You know how much gas stations make off a gallon? Well we make about ten cents a gallon, and we sell between 300-500 a day. Not even enough to pay my salary.So what you're telling me a gas station profits ONLY $50 a day on selling gas?
What town do these figures of 300-500 gallons come from? I have a real hard time believing that.
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kswissondubs wrote:
i can see it now all of us will be riding the bus by the end of the summer just to go hang out in parking lots......well...maybe thats alittle unrealistic. lolscrew that this is my problem for gas prices!!!
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btleier wrote:
So what you're telling me a gas station profits ONLY $50 a day on selling gas?What town do these figures of 300-500 gallons come from? I have a real hard time believing that.
I'm w/ you there blake, any of the bigger stations (say Flying J, Fleetfarm, Tesoro Truck stop, etc...) have a line of people waiting to buy gas at times. 300-500 gallons per hour or more might be more realistic for those guys and I'm thinking if you're not pushing 50+ vehicles per day through at the small stations you're gonna be in trouble...
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tjamz wrote:
I'm w/ you there blake, any of the bigger stations (say Flying J, Fleetfarm, Tesoro Truck stop, etc...) have a line of people waiting to buy gas at times. 300-500 gallons per hour or more might be more realistic for those guys and I'm thinking if you're not pushing 50+ vehicles per day through at the small stations you're gonna be in trouble...I know... even the 300-500 hour seems conservative to me, especially if we are talking this larger operations that do alot of work with trucks. How many gallons of gas does one semi hold?
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