[quote name='Derrick1979']Ha ha gas by me has been sitting at $3.19 for the cheap stuff for about a week now.. Last Thursday on my way home it was $3.01 and I said I will wait till im on my way tomorrow to fill up lol and it went up $0.18 overnight.
Someone has to do something about this though and really I think it is time they start dipping into reserves to give some relief at the pump. Gas has become the crippler for of course the low income people but it is putting the old "middle class" people down a bracket. Well finally now we can see this country is making a clear line through it's citizens of rich and just making it.
Just had to add this because this is classic
But as oil prices rose gasoline prices stayed stagnant and profit margins enjoyed by refiners shrank. Now those profit margins have become so small refiners have little incentive to make gasoline.
"The refiners are saying, 'Hey we're not making any money,'" said Tim Statts, vice president of risk management for Summit Energy, a firm that buys energy for big users. "The gasoline price almost has to come up to continue bringing the product to market."
According to John Kilduff, an energy analyst at the trading firm MF Global in New York, refiners are making about $6 off of every barrel of oil they turn into gasoline. That's down from over $38 a barrel last spring.
Refiners are operating at just 85%capacity, down from a normal rate of around 90%, according to figures from the Energy Information Administration.
Killduff said the low operating rate is partly due to refiners being shut down for maintenance but also due to the small profits they're getting on gasoline. "There's no market incentive to rush your unit back into production," he said. "[Gas prices] can't go any lower in relation to crude.
pulled this little bit of love from corporate America off yahoo news
Hmm so they are not making any money so the incentive is not there......... So lets say they are paying $109 a barrel boo hoo.. so they start charging the consumer for it even though the stuff at the pump is more than likely not even gas made from the newer more expensive oil so they are already making money off that so lets use my car as an example it has a 14 gallon tank so 14x$3.199=44.78 so I do not know how many gallons of gas you get out of a barrel but im paying almost half of that cost per barrel with one fill up.. How the hell do they say they are not making any money? LoL got to love this crap[/quote]
If you don't pay more at the pump, that vice president might have to wear a $3000 suit, fly his private jet less or downgrade in his choice of prostitute.
Suck it up, wimp!