FYI Price per barrel of oil was higher in 2008 than it is now,

[uponit7771]

Last edited Sun May 22, 2022, 08:33 PM - Edit history (2)

What we have now = BUCKED NAKED FUCKIN GREED !!

https://www.macrotrends.net/1369/crude-oil-price-history-chart


https://tradingeconomics.com/commodity/crude-oil

Here's report of profit ***MARGINS*** for California, doubt if any other state is much different

https://consumerwatchdog.org/energy/profit-reports-show-oil-refiners-are-gouging-californians-profits-gallon-double

Here's another article on big oil profit ***MARGINS*** at the refineries

https://www.bloomberg.com/opinion/articles/2022-05-09/crude-hovers-at-110-a-barrel-but-the-refinery-margin-makes-us-pay-a-lot-more

[A HERETIC I AM]

1. Someone noted that they are charging us now....

For the fuel we didn’t buy in 2020 & 21.

[Celerity]

3. +10000000000000000

[uponit7771]

5. +1, I pin head on FAUX NewZ was confronted with this then screamed "what do you have about ...

... making money !!" or something stupid.

Pissed me off to no end

[House of Roberts]

2. Refining and processing costs are also factors

in the cost of fuel, not just crude oil prices. To make the case for greed, it is important to get the facts for these at both price points. I admit that charging what the market will bear is not always popular, but it is the rule of the law of supply and demand.

[uponit7771]

7. Includes profit ***MARGINS*** in California, doubt if most other states are different

https://consumerwatchdog.org/energy/profit-reports-show-oil-refiners-are-gouging-californians-profits-gallon-double

[reACTIONary]

17. +100 nt

[roamer65]

4. If I remember right, it peaked around $147/bbl in 2008.

This is purely oil company gouging.

[dweller]

6. Here ya go

✌🏻

[uponit7771]

9. +1, Yep and here's another article of the refinery margin

https://www.bloomberg.com/opinion/articles/2022-05-09/crude-hovers-at-110-a-barrel-but-the-refinery-margin-makes-us-pay-a-lot-more

[2naSalit]

13. Just paid $4.75/gal for premium.

It's not much more than the regular price this week. In past weeks, it was anywhere from $.50 - $1 over regular price.

Gouge-o-rama.

[OnlinePoker]

16. Victoria BC, we're paying the equivalent of $6.47 U.S. per U.S. gallon for regular. n/t

[2naSalit]

19. Ouch!

I went with $50, it almost 2/3 of the tank, I don't go anywhere so it will last until next month.

[dweller]

21. $4.39 for regular here

$4.19 for E15 that was just released I guess … I don’t look at the higher grades cost
I expect it will climb next week 😑

✌🏻

[2naSalit]

22. The one car takes premium only...

The one that I want to be driving is in the shop for a couple days, it runs on regular. By Wed. I should be able drive that one around for a while.

[certainot]

18. but you won't hear that from 1500 radio stations all day.

half the racist republican shits running those oil companies, now worried about their futures, wouldn't hesitate to take biden out

[VGNonly]

8. $4.20 in 2008,

$5.67 inflation adjusted. Who was prez then...?

[MichMan]

10. How did his party do in the upcoming election?

[certainot]

20. its all about democrats ignoring the radio. obama won, limbaugh with kremlin feeds began the

'messiah' meme claiming obama was claiming to be a god who could unite us and give us all universal health care and stop global warming etc etc - so then 1200 radio stations with kremlin and heritage foundation callers and trolls who were even writing in liberal blogs about how obama couldn't do shit and was failed self-proclaimed 'messiah' couldn't deliver single payer or anything else and all this constant buzz hitting 50M/week and dominating 40+ states is completely ignored by the media and political analysts that are now blaming fox and tucker carlson for the 'replacement theory' that has been running on rw radio for at least 20 years as attacks on brown immigrants used to sell voter suppression, ramped up by trump/putin in the 2016 election season

[MichMan]

24. My reply was to a post about gas prices

[Hoyt]

11. This might explain some of it.

“Adjusted for inflation the real cost of a gallon of gas from July 2008 shoots up to $5.37 in today's dollars—well above the current cost of $4.318 per gallon.”

https://fortune.com/2022/03/10/gas-prices-record-high-inflation-wage-growth-oil/

https://finance.yahoo.com/news/gas-prices-arent-really-at-a-record-high-172520817.html

https://www.politifact.com/factchecks/2022/mar/17/facebook-posts/persistent-high-gas-prices-dont-prove-price-gougin/

[uponit7771]

12. Inflation isn't organic IE the margin part including all of S&P (link)

If the ***MARGINS*** weren't through the roof corporations can make a case for higher top number but its naked freakin greed.

S&P 10ks and quarterly calls say it all

https://www.bloomberg.com/news/articles/2022-03-30/2021-was-best-year-for-u-s-corporation-profits-since-1950

[crickets]

14. Grrr. K&R for visibility.

[JoeOtterbein]

15. K n R ! Thanks for posting!

I did not know. Thanks again!

[Igirl]

23. We are still pumping less

Oil than in 2020. Diesel is very short in the northeast. We need to increase production.
The WTI has now risen above the Brent, which is crazy for a country with so much reserves.

[uponit7771]

25. +1,