Fuel prices

[AndyM]

Do the local stations compare with each other and adjust? I would guess yes - just like the grocery stores, electronic stores...

 

[jyoutz]

Really....? Collusion!


col·lu·sion
/kəˈlo͞oZHən/

noun

1. secret or illegal cooperation or conspiracy, especially in order to cheat or deceive others.
   
   
   So the Oil Industry (worldwide in structure), all got together and quite apart from any free market principles decided to 'Price Gouge' (as you seem to think)? Is that pretty much it?

I sense that you must not like Capitalism with its basic premises of 'Laissez-Faire' (meaning Leave Alone). So the government does not interfere or dictate profit margins.

Nor...the tenets of a Free Market which lets the Market Decide with respect to Supply and Demand.

All of these things subject to influences, ebbs and flows. No question about that.

I believe we are seeing industry 'consensus' not collusion. And no....that is not just semantics. \

You want to see fuel prices come down, stabilize and remain so, then make it easier for Oil Companies to do their business, produce, refine and distribute their products and take every measure to control inflation which is the real elephant in the room. You can't print and dump trillions of dollars into the economy and not think it won't cause inflation.
[/QUOT
I said nothing about worldwide inflation or government price fixing. I said doubling of profits across the industry isn’t normal free market capitalization.

 

[Flintknapper]

Do the local stations compare with each other and adjust? I would guess yes - just like the grocery stores, electronic stores...

Absolutely, competition for the market share.

Many places...where competition is keen... the retailer will only realize a net profit per gallon of .03-.05 cents.

 

[jyoutz]

Absolutely, competition for the market share.

Many places...where competition is keen... the retailer will only realize a net profit per gallon of .03-.05 cents.

That’s true for retailers. Profit margins are much greater for refining and crude production.

 

[Flintknapper]

That’s true for retailers. Profit margins are much greater for refining and crude production.

That is correct, just as you would expect.

 

[GeoHorn]

.

In a TRUE 'free market' system the seller can CHOOSE what price ,to whom, whenever. we do NOT have that.

UnTrue. And We do NOT have that described system.… that statement is incorrect…. EXCEPT in a CAPTIVE…NOT FREE…MARKET.

Sellers can CHOOSE what price to sell and whenever…. BUT..it is the CONSUMER who decides whether or not to buy at that price, that place, and when. If the consumer does not buy because he considers it too expensive, etc…. then other sellers will likely end up being the successful retailer.


It takes BOTH sellers and buyers to make a “free” marketplace.

And , By the Way…. it is NOT LEGAL for an open, free-market seller …to decide “to whom” he will sell. If open for business…then ALL legitimate consumers must be served regardless of who they might be. (The typical sign in some predominately Southern cafes and outlets which state “We reserve the Right to Refuse Service to Anyone”… is not enforceable since Civil Rights legislation.)

 

[dirtydeed]

And , By the Way…. it is NOT LEGAL for an open, free-market seller …to decide “to whom” he will sell. If open for business…then ALL legitimate consumers must be served regardless of who they might be. (The typical sign in some predominately Southern cafes and outlets which state “We reserve the Right to Refuse Service to Anyone”… is not enforceable since Civil Rights legislation.)

Careful there George...your statement doesn't appear to be valid according to recent SCOTUS rulings...

and get this...the bakery was in Cali.

California bakery wins case over refusal to make cake for same-sex wedding

Owner of Tastries Bakery in Bakersfield argued right to free speech and expression of religion trumps anti-discrimination law

www.theguardian.com

 

[GeoHorn]

Careful there George...your statement doesn't appear to be valid according to recent SCOTUS rulings...

and get this...the bakery was in Cali.

California bakery wins case over refusal to make cake for same-sex wedding

Owner of Tastries Bakery in Bakersfield argued right to free speech and expression of religion trumps anti-discrimination law

www.theguardian.com

LOLOL… You might Take Note…. THAT ruling was NOT “SCOTUS”….. It was in the state many here think bonkers.

 

[dirtydeed]

LOLOL… You might Take Note…. THAT ruling was NOT “SCOTUS”….. It was in the state many here think bonkers.

LOLOL… You might Take Note…. THAT ruling was NOT “SCOTUS”….. It was in the state many here think bonkers.

here's the one in colorado...SCOTUS...https://www.bbc.com/news/world-us-canada-44361162

not much difference between Cali and certain parts of Colorado

They must really like cake...

 

[dirtydeed]

Looks like Joe has a new solution....to even things out apparently.

MSN

www.msn.com

 

[jimh406]

Looks like Joe has a new solution....

I'm sure that will work as well as the other policies.

 

[Flintknapper]

I'm sure that will work as well as the other policies.

Will never pass congress and even if it did, would only make things worse.

Another 'feel good' proposal for his base....right before elections.

 

[DaveFromMi]

I bought 5 gallons of 1K kerosene today for $5.99/gallon.
Same station had 87 octane gas for $3.95/gallon.
Been refilling my strategic petroleum reserve.

 

[The Evil Twin]

Up another 10 cents from last week. $5.25/ gal here

 

[jyoutz]

Up another 10 cents from last week. $5.25/ gal here

$5.25 for gasoline or diesel? This is the lowest gas prices today in my area. If you’re paying $5.25 for gas something is wrong with the situation in your area.

 

[The Evil Twin]

$5.25 for gasoline or diesel? This is the lowest gas prices today in my area. If you’re paying $5.25 for gas something is wrong with the situation in your area.

Well, there IS something wrong in my area. Lots of things. Lol.
I only deal with diesel and race fuel though. "Fuel", to me is always black smoke power. You don't wanna know what I pay for race fuel!
Actually, I do have 2 strokes. So there is that gas. That stuff I buy by the 5 gallon pail or 30 gallon drum.

 

[jyoutz]

Well, there IS something wrong in my area. Lots of things. Lol.
I only deal with diesel and race fuel though. "Fuel", to me is always black smoke power. You don't wanna know what I pay for race fuel!
Actually, I do have 2 strokes. So there is that gas. That stuff I buy by the 5 gallon pail or 30 gallon drum.

Today’s diesel prices in my area.

 

[The Evil Twin]

It's the price we pay for living and working in the shadow of the Empire of America. It's about the same spread for median income as well.

 

[lynnmor]

Today’s diesel prices in my area.

Anyone can bring up fuel prices anywhere by going to GasBuddy.com, it isn't necessary to post prices unless there is something sudden and abnormal happening.

 

[D2Cat]

Anyone can bring up fuel prices anywhere by going to GasBuddy.com, it isn't necessary to post prices unless there is something sudden and abnormal happening.

But what if we just want to?

If your attitude is "Because it's on the internet you don't need to post it." Then we don't need this forum, it's all on the internet.... just go digging!