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Gas Prices: Who's To Blame?

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dArKeR Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-18-04 09:40 PM
Original message
Gas Prices: Who's To Blame?
Edited on Sun Apr-18-04 09:44 PM by dArKeR
Rooney: What does a gas station owner make on a gallon of gas?

Judge: Averages 6 to 10 cents a gallon.

Rooney: How many gallons do you sell on a good day?

Judge: A location like this, ah, we are only going to do about 22 - 23 hundred gallons.

Rooney: A day?

Judge: Yeah!

Rooney: 2,300 gallons at 10 cents, that's $230.

Judge: $230

Rooney: Do you make more when the price of gas goes up?

Judge: No, I make less. What happens is the price goes up and to stay competitive you have the tendency to actually hold and eat a lot of it.

Rooney: Now, who sets the price for a gallon of gas? Do you set it?

Judge: The dealer sets the price, the oil companies come in and say Ah, this is what we would suggest you pump gas at. Gas companies and taxes on it, the government, they make more money than any dealer does. But there's no one out there -- Bush, Kerry -- no one who will take on an oil company.


http://www.cbsnews.com/stories/2004/04/15/60minutes/roo...
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Hornito Donating Member (460 posts) Send PM | Profile | Ignore Sun Apr-18-04 09:53 PM
Response to Original message
1. The Saudis, and the oil companies....
One in the same.... Both own Bush, and control our politics.
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Toronto Ron Donating Member (429 posts) Send PM | Profile | Ignore Sun Apr-18-04 09:57 PM
Response to Original message
2. Gas is still relatively cheap
In Canada gas tends to run about 50% more expensive than the U.S.; in western Europe it's about double or triple the cost, retail.
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dArKeR Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-19-04 12:38 AM
Response to Reply #2
3. A 30% to 90% increase in a year! No way this can be compared to
other countries. Isn't the price what it is in other countries because of their governments taxes? The US hasn't increased any oil taxes. And the filling stations aren't making any more profit.
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Miss Authoritiva Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-19-04 08:24 PM
Response to Original message
4. Look to the earnings statements of publicly-held companies....
Remember all the confusion -- the how and why is this happening questions -- over the electricity shortage in California? And it turned out to be Enron and friends manipulating the market. The media and our elected representatives act so dumb about this -- and the research isn't that tough. Check the earnings statements of the oil producers, the refineries, the gas station chains. See where the bump up in prices occurs and what explanations are offered.

As always, follow the money.
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