Finding oil, drilling for oil, storing, and shipping oil are not cheap! Do you know what kind of mileage a tanker gets? And don't forget cleanup costs; not all spills are from human error, most from storms etc. Then there is the massive amounts of
regulatory paperwork.
Are they being accused of price fixing? That would be the only way to maintain a margin like that in the wholesale market. These companies are highly competitive and have never shied away from a price war if they thought they could outsell the
competitor. What could possibly sustain a .53/gal margin in a market like that?
Criminy, I see WATER for retail sale at .99/liter! Now there is something to scratch your head over.
Marty
Stlaurent Mr Steven wrote:
>
> I was watching Fox News and the person reported that after the oil is
> refined for gasoline use, the companies have a profit margin of .53 cents.
>
> --------------------------------------
> Steven St.Laurent
> System Engineer (IOW/IOS-NT)
> PSD, MCTSSA
> MARCORSYSCOM, USMC
> (Work) 760-725-2506 (DSN: 365)
> (Work) mailto:stlaurents@mctssa.usmc.mil
> (Home) mailto:saint1958@home.com
> "In fact, my work has already proven
> itself to be correct. People such
> as you just haven't gotten it yet.
> (unknown author)
>
> -----Original Message-----
> From: Lance Russell [mailto:lrussell@konnect.net]
> Sent: Wednesday, May 23, 2001 4:15 AM
> To: dakota-truck-moderator@bent.twistedbits.net
> Subject: Re: DML: <offtopic> Oil Companies Profit
>
> Steven
> Are you sure it was not the "Crude Oil" companies that made $0.53 on
> every gallon of gas? I remember seeing somewhere on one of the governement
> sites about the price break down and the crude oil companies making 1/3 of
> the price of gas per gallon another 1/4 to 1/3 to taxes. I dont remember
> where the refined gasoline companies fit in at what cost. I will try to
> find it again.
>
> Lance
> Marine on Okinawa
>
> ""Karsh"" <karsh@cox-internet.com> wrote in message
> news:001101c0e313$37c958c0$6501a8c0@tcac.net...
> > I wouldn't put it past them.
> >
> > Karsh
> >
> > -----Original Message-----
> > From: owner-dakota-truck@BUFFNET.NET
> > [mailto:owner-dakota-truck@BUFFNET.NET]On Behalf Of Michael Meyerhoff
> > Sent: Tuesday, May 22, 2001 4:36 PM
> > To: dakota-truck@buffnet.net
> > Subject: Re: DML: <offtopic> Oil Companies Profit
> >
> >
> > This is probably the "sum of each companies profit" divided by "total # of
> > gallons of gas sold"
> >
> > THEY DO NOT make 53cents on every gallon of gas sold. Crude oil is
> refined
> > into many by-products of which one happens to be gasoline. So they are
> > making money off of asphalt, diesel, polymers, .... Gasoline profits are
> > only a fraction of there income.
> >
> > Not defending them, but I don't see them making 53cents pure profit on a
> > gallon of gasoline.
> >
> > mm
> >
> >
> > At 06:44 AM 5/22/2001 -0700, you wrote:
> > >It was reported last night that the oil companies profit this year per
> > >gallon of US gasoline is now 53 cents per
> gallon...CRRRRRRRAAAAAAAPPPPPP!!
> > >Where is Mike C at!!!
> > >
> > >--------------------------------------
> > >Steven St.Laurent
> > >System Engineer (IOW/IOS-NT)
> > >PSD, MCTSSA
> > >MARCORSYSCOM, USMC
> > >(Work) 760-725-2506 (DSN: 365)
> > >(Work) mailto:stlaurents@mctssa.usmc.mil
> > >(Home) mailto:saint1958@home.com
> > >"In fact, my work has already proven
> > >itself to be correct. People such
> > >as you just haven't gotten it yet.
> > >(unknown author)
> >
-- The notion that a radical is one who hates his country is naive and usually idiotic. He is, more likely, one who likes his country more than the rest of us, and is thus more disturbed than the rest of us when he sees it debauched. He is not a bad citizen turning to crime; he is a good citizen driven to despair. -- H.L. Mencken
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