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Teamsters, OOIDA, NAFTA Teamsters, OOIDA, NAFTA news here. Are you a member of the Teamsters, OOIDA or another Organization involved with trucking or transportation? What are the good and bad sides to Unions? Discuss the finer points of Unions or Organizations here.

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Old 02.12.2009
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Pretty simple really.

While crude oil prices have leveled off in the $40 a barrel range, refiners have continued to cut back on gas refining because of lowering demand and the weak economy. That is cutting into the supply and triggering price increases.
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  ^ Top   #12  
Old 02.12.2009
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you are awsome ronno!

good post
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  ^ Top   #13  
Old 02.12.2009
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I can't believe you condone a screwing of the American people.
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  ^ Top   #14  
Old 02.12.2009
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Originally Posted by Brickman View Post
I can't believe you condone a screwing of the American people.
I don't condone Americans getting screwed, just showing there are valid reasons for the rise.

Quote:
Gas prices rising, thanks to refinery slowdowns, increased demand
Quote:
Refineries last week were running at just 81.6 percent of capacity, the report shows. Demand last week was up about 0.1 percent over the same time last year while gasoline production fell about 2 percent from the previous week.
Refineries typically shut down for weeks at a time in the spring for cleaning and maintenance. This year that practice, combined with the stirrings of increased demand, could punch up prices.
"You could see refiners operating at below 80 percent of capacity," Halloran said. "If there is any kind of pickup in demand, gasoline is going to get tight. It's unlikely we'll see prices coming down from here unless oil really takes a tumble."
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  ^ Top   #15  
Old 02.12.2009
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Ouch oil is down to $34.74


http://www.oil-price.net/


I'm wondering about my job hauling crude.
At least I'm working on some thing else that is tied to the current collapse of the housing market. Long as there are repos houses I'm good to go.
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Old 02.12.2009
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Gasoline and diesel prices are set by the speculators on Wall Street PERIOD. The supply and demand does not play into the price anymore like it use to. There's no simple explanation on how the companies do business but they do add on their cost and profit margins. Zone pricing is a good example and it's been in the courts for many years and the oil companies always walk away. The oil companies are very protective of their business but they do not control the price. Believe me they would do anything they could to get that control.

I know alot of dealers and most of them are doing very well. Location is the answer. The biggest mistake someone can make is to buy the land and build a gasoline station on it. When you do that you become totally responsible for the tanks underground and all the cost it takes to clean them up no matter how long ago you owned the station. You could own a station 50 years ago sold it a year after you bought it and you'd still be responsible for any leakage or clean up. It's called the PRP or Principal Responsible Party. If you do go into the gasoline sales business you've got to make sure you're in a location that's going to sell gasoline and store sales. A good example is the gas station that's on the south side of Las Vegas Blvd. Everyone that drives to L.A. stops there to fuel up and get snacks. I've taken 2 loads a day into there and that's a total of 24900 gallons. If you really want to find blame for the high prices just look in the mirror.
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Old 02.12.2009
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Originally Posted by GasHauler View Post
Gasoline and diesel prices are set by the speculators on Wall Street PERIOD. The supply and demand does not play into the price anymore like it use to.
Who exactly do you think are the customers of all those brokers on Wall Street?

Supply and demand have nothing to do with futures, rather it is the perceived supply and demand.
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Old 02.12.2009
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Ouch oil is down to $34.74


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I'm wondering about my job hauling crude.
At least I'm working on some thing else that is tied to the current collapse of the housing market. Long as there are repos houses I'm good to go.
Only problem there is the banks and mortgage companies. How stable they may stay.
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  ^ Top   #19  
Old 02.12.2009
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Only problem there is the banks and mortgage companies. How stable they may stay.


Ultimately backed by HUD.
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