3.99 Gas!!!

fishinpox · 07-20-2008, 07:43 PM

Just bought gas at the Damascus Safeway for 3.99 a gallon. How sad is it that 3.99 a gallon seems cheap now

Eagleclaw · 07-20-2008, 08:28 PM

i was in Sandy today and at AMPM with was 3.99

Dave G · 07-20-2008, 08:38 PM

I'll take it, but those greedy oil companys better take a billion or two or three less profit to get the price down.

Tail Out Swingin · 07-20-2008, 09:12 PM

Dont worry, diesel is still going up!

I saw 5.11 a gallon today in Cascade Locks and 5.07 in Gresham.

ttjln · 07-20-2008, 09:17 PM

Kane and Division 76 station in Gresham was $3.99 today.

matttheduck · 07-20-2008, 10:02 PM

Quote:

those greedy oil companys better take a billion or two or three less profit to get the price down.

If their profit went to zero, you'd save about 35 cents a gallon. And in a few years they'd all be bankrupt and we can all walk or ride a bike.

Newbs · 07-21-2008, 07:27 AM

Quote:

Originally Posted by matttheduck

If their profit went to zero, you'd save about 35 cents a gallon. And in a few years they'd all be bankrupt and we can all walk or ride a bike.

You are saying that the oil companies are operating on a profit margin of less that 8%... I don't have any great insight on this issue... but, I think I would need to review some annual reports before I would believe that.

It is nice to see gas drop below $4.00. I hope it keeps going.

Thumper · 07-21-2008, 01:53 PM

Quote:

Originally Posted by Newbs

You are saying that the oil companies are operating on a profit margin of less that 8%... I don't have any great insight on this issue... but, I think I would need to review some annual reports before I would believe that.

So read the annual reports. As of April of 2008, the oil companies have an average profit of 8%.

See P. 5.

http://fpc.state.gov/documents/organization/103679.pdf

Go_Getter · 07-21-2008, 03:07 PM

Quote:

Originally Posted by Thumper

So read the annual reports. As of April of 2008, the oil companies have an average profit of 8%.

See P. 5.

http://fpc.state.gov/documents/organization/103679.pdf

After they skim all the private jets, CEO outrageous wages, and what ever else they can cream off the top and hide then they make 8%. If you think their gross profit is 8% then I want some of what you are smoking.

Drachir · 07-21-2008, 03:12 PM

Here's a web site I like using to monitor fuel prices where I'm traveling:
http://www.gasbuddy.com/Gas_Prices/Oregon/index.aspx

twobullz · 07-21-2008, 06:07 PM

Well I keep waiting but have not seen the price of gas here in Redmond go down even a penny yet. I bet if the price of oil had jumped 16 dollers in three days the price would of gone up, wish it would go down at the same rate is it increases.

crazyinoregon · 07-21-2008, 06:19 PM

Quote:

Originally Posted by Go_Getter

After they skim all the private jets, CEO outrageous wages, and what ever else they can cream off the top and hide then they make 8%. If you think their gross profit is 8% then I want some of what you are smoking.

SouthSantiamSlayer · 07-21-2008, 06:21 PM

Quote:

Originally Posted by Go_Getter

After they skim all the private jets, CEO outrageous wages, and what ever else they can cream off the top and hide then they make 8%. If you think their gross profit is 8% then I want some of what you are smoking.

Also how much is 8%? Think of how much money 8% still is.

Thumper · 07-21-2008, 06:24 PM

Quote:

Originally Posted by Go_Getter

If you think their gross profit is 8% then I want some of what you are smoking.

Net, not gross. Consider reading the article.

salmon whisperer · 07-21-2008, 09:58 PM

Quote:

Originally Posted by matttheduck

If their profit went to zero, you'd save about 35 cents a gallon. And in a few years they'd all be bankrupt and we can all walk or ride a bike.

ALL I know is that the Government makes more per gallon than the Oil Companies do... and the GOV creates NOTHING!!!! they are not doing the research and exploration, they are not drilling, they are not refining, they are not distributing!!! all they are doing is scamming the 'ala-mode' off of the pie and then not spending what they take in areas they priomised... of course this goes for taxes in general... not just gas tax