WHAT THE HELL IS UP W/GAS PRICES?!?

BiggieJ · 04-18-2006, 08:08 PM

HOLY SHIT! gas prices are ridiculous! :mad: 319 for premium and thats one of the lowest around ive seen. its funny how exxon/mobile took over walmart in profits this year and how like 5 out of the 10 largest corp. are gas companies. and theyre posting record profits and were just taking it bending over. WTF?!? :mad: :mad: :mad:
and its not even summer yet. cant wait to see the prices then...maybe 4 bucks a gallon? its like 50 bones to fill up the bimmer once. i cant imagine filling up an SUV nowadays. sorry for the rant. but damn it.

ward · 04-18-2006, 08:14 PM

meow

Driv3r · 04-18-2006, 08:34 PM

definatly right, but thats another benefit of leasing.......i see a yamaha yzf-r6 in my future!

SteveMD · 04-18-2006, 08:39 PM

Exxon reported net profits of 9.7% for 2005. In 2004 it was 8.7% and they were 127th out of the Fortune 500s for net profit margin. 9.7% is nothing to write home about.

Blame China, India, Venezuela, the EPA, and probably a handful of other reasons for current gasoline/oil prices.

ScBlacksunshine · 04-18-2006, 09:38 PM

Quote:

Originally Posted by SteveMD

Exxon reported net profits of 9.7% for 2005. In 2004 it was 8.7% and they were 127th out of the Fortune 500s for net profit margin. 9.7% is nothing to write home about.

Blame China, India, Venezuela, the EPA, and probably a handful of other reasons for current gasoline/oil prices.

Very well said, on top of that big oil companies don't actually make much of the margin from Refining gasoline and gasoline production. The oil thing is only about to get worst. All about supply vs Demand, with China developing, oil consumption is higher then ever, and drilling for oil is getting harder and harder. Check out this article, it'll give you some insight into where gasoline/oil is heading

http://finance.yahoo.com/columnist/a...ichricher/3721

04-18-2006, 08:08 PM	#1
BiggieJ Second Lieutenant 67 Rep 239 Posts Drives: e92 335 ZSPZPPOPP Join Date: Nov 2005 Location: SoCal iTrader: (0)	WHAT THE HELL IS UP W/GAS PRICES?!? HOLY SHIT! gas prices are ridiculous! :mad: 319 for premium and thats one of the lowest around ive seen. its funny how exxon/mobile took over walmart in profits this year and how like 5 out of the 10 largest corp. are gas companies. and theyre posting record profits and were just taking it bending over. WTF?!? :mad: :mad: :mad: and its not even summer yet. cant wait to see the prices then...maybe 4 bucks a gallon? its like 50 bones to fill up the bimmer once. i cant imagine filling up an SUV nowadays. sorry for the rant. but damn it.
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04-18-2006, 08:14 PM	#2
ward Major General 159 Rep 6,158 Posts Drives: F Join Date: May 2005 Location: T iTrader: (0)	meow
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04-18-2006, 08:34 PM	#3
Driv3r Colonel 179 Rep 2,355 Posts Drives: 2006 E46 M3 ZCP Join Date: May 2005 Location: Miami Beach, FL iTrader: (8) Garage List 2006 325i [0.00]	definatly right, but thats another benefit of leasing.......i see a yamaha yzf-r6 in my future! __________________ 2006 E46 M3 ZCP 6SPD-Interlagos Blue - 6SPD - SSK - AA Headers -AA Tune - Navigation w/ Splashscreen Mod - 3M Crystalline Series 60 - Carbon Splitters - Swissvax Treated - Bridgestone 2012 Yamaha FZ8 - Matte Black/Grey - Michelin Pilot Pure 2CT - Vortex Rear Sets - Yoshimura R-77D & Fender Delete - Spectro Race Oil - GP Reverse Shifting
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04-18-2006, 08:39 PM	#4
SteveMD Colonel 201 Rep 2,485 Posts Drives: 2016 F10 535i MSport Join Date: Dec 2005 Location: Raventown! iTrader: (3)	Exxon reported net profits of 9.7% for 2005. In 2004 it was 8.7% and they were 127th out of the Fortune 500s for net profit margin. 9.7% is nothing to write home about. Blame China, India, Venezuela, the EPA, and probably a handful of other reasons for current gasoline/oil prices. __________________ 2006 E90 330i (retired) 2009 E90 335i (retired) 2012 E70 X5 50i M Sport (retired) 2016 F10 535i M Sport
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