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05-11-2009, 07:17 PM
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#1
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Join Date: Aug 2007
Location: Piscataway, N.J.
Posts: 1,729
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NOTICE THE PRICE OF GAS GOING UP!
It went up about 10-15 cents in about 3-4 days. Why, just because it was Mothers Day and is one of the heaviest traveled holidays. The other is Memorial Day coming up. Got to shove up it our AS quickly to make more profit, even though there is a surplus of gas and oil is still quite cheap. I hate that we are driving less, using less and yet nobody can put a lid on the oil companies. A lot of people are driving less and have even less to spend on gas because they are out of work and can't make ends meet, BUT THE FN GAS COMPANIES DON'T GIVE A RATS AS! F'em ALL
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1991 FORMULA 350-GONE BUT NOT FORGOTTEN
1 of 1,197 with L98 Option/13.79@100 mph
1994 25th ANNIVERSARY TRANS AM GT -1 of ONLY 2,000 made/ Only 128 made with a HURST 6-Speed Manual and 91 with T-Tops and Compact Disc/ K & N Filtercharger/Magnaflow Performance Muffler/Air Foil- ORIGINAL MINT Arctic White Ultra Rare SURVIVOR. DAYTONA 500 PACE CAR Decal Kit!
SOLD: 1989 Turbo T/A in 1991 it ran 12:18@115 mph
Last edited by edpontiac91; 05-11-2009 at 07:19 PM.
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05-11-2009, 07:20 PM
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#2
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Join Date: Mar 2008
Location: Somerset, NJ
Posts: 4,223
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yeah i ****in hate that ****
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Jon
1999 Trans am WS6
1996 Corvette LT4 6 speed
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05-11-2009, 07:21 PM
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#3
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Mongo the Meet Coordinator
Join Date: May 2008
Posts: 16,900
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Yup, 2.35 a gallon here. I miss <2.00 gallons...
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Quote:
Originally Posted by KirkEvil
repo bigals turd gen and part it out to a loving home
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05-11-2009, 07:22 PM
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#4
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11 Second Club / I <3 LT1s
Join Date: May 2008
Location: Troy, Mi
Posts: 2,642
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The price of a barrel has gone up about $10 in the past 2 weeks....that's why prices went up. Demand also went up a bit, and it's the typical time of year. I expect it to reach $3 for premium, but oh well, gotta pay to play. Just suck it up and live with it.
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Vinnie -
00 SS A4- LQ9/LS3/Stalled/3.42s 1.48/11.10/121 mph<-6spd swap in progress.
13 Silverado Z71- Sold 11/16
99 Z28 M6- -H/C/9in - sold 1/13
99 Silverado Z71- The DD - Sold 7/13
03 CBR 600RR - Sold 8/13
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05-11-2009, 07:22 PM
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#5
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Join Date: Apr 2009
Location: Hillsborough, NJ
Posts: 1,099
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I didn't even notice. I tend not to pay attention to it since I need it no matter what.
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-Devin
Whiplash Intense Performance
Intensify your ride with over 500 name brand Performance parts and accessories!
www.intensewhiplash.com
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05-11-2009, 07:36 PM
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#6
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Join Date: Jul 2008
Location: NJ
Posts: 819
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Its easy to get mad at the oil companys because on the surface they look like evil theves, but thats how the media portrays them. In all reality, they have very little to do with the price of oil, besides controlling the speed of production. If you look at their profit percentage it is right in line with other businesses.
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05-11-2009, 07:50 PM
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#7
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Hippy Mod, Bergermeister Meisterberger, Moderator
Join Date: Aug 2004
Location: Ewing
Posts: 6,213
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It went up more than that. I paid $2.19 for premium my last fill up and it was $2.45 yesterday at the same station. But oil has gone up and we're hitting the beginning of the summer season so it was bound to go up. Experts were predicting $4.50 to $5 a gallon for this summer but oil stayed a lot lower than they thought so I think we'll stay a lot lower hopefully.
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69 Z28 JL8 4 wheel disc brakes - being restored
09 Silverado Z71
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05-11-2009, 07:52 PM
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#8
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Join Date: Aug 2007
Location: Piscataway, N.J.
Posts: 1,729
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Quote:
Originally Posted by 91chevywt
Its easy to get mad at the oil companys because on the surface they look like evil theves, but thats how the media portrays them. In all reality, they have very little to do with the price of oil, besides controlling the speed of production. If you look at their profit percentage it is right in line with other businesses.
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When I look at the profit they made for last year and the quarterly profits that were the most EVER made by any company, I tend to get a "LITTLE CYNICAL". Maybe their profits are in line with other businesses, but when you talk BILLIONS of dollars compared with other companies, I do think it has to do with some amount of greed and it is the one stock to buy because NOW it's the season to start upping the ante. To hell with economy and the unemployment rate, there's money to made in oil and they KNOW IT!
__________________
1991 FORMULA 350-GONE BUT NOT FORGOTTEN
1 of 1,197 with L98 Option/13.79@100 mph
1994 25th ANNIVERSARY TRANS AM GT -1 of ONLY 2,000 made/ Only 128 made with a HURST 6-Speed Manual and 91 with T-Tops and Compact Disc/ K & N Filtercharger/Magnaflow Performance Muffler/Air Foil- ORIGINAL MINT Arctic White Ultra Rare SURVIVOR. DAYTONA 500 PACE CAR Decal Kit!
SOLD: 1989 Turbo T/A in 1991 it ran 12:18@115 mph
Last edited by edpontiac91; 05-11-2009 at 07:55 PM.
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05-11-2009, 07:58 PM
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#9
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11 Second Club / I <3 LT1s
Join Date: May 2008
Location: Troy, Mi
Posts: 2,642
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Quote:
Originally Posted by JL8Jeff
It went up more than that. I paid $2.19 for premium my last fill up and it was $2.45 yesterday at the same station. But oil has gone up and we're hitting the beginning of the summer season so it was bound to go up. Experts were predicting $4.50 to $5 a gallon for this summer but oil stayed a lot lower than they thought so I think we'll stay a lot lower hopefully.
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This was before the economy took a hit. They are saying anywhere from $2.50 to $3.50 now.
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Vinnie -
00 SS A4- LQ9/LS3/Stalled/3.42s 1.48/11.10/121 mph<-6spd swap in progress.
13 Silverado Z71- Sold 11/16
99 Z28 M6- -H/C/9in - sold 1/13
99 Silverado Z71- The DD - Sold 7/13
03 CBR 600RR - Sold 8/13
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05-11-2009, 08:33 PM
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#10
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11 second club / Moderator
Join Date: Aug 2004
Location: West Berlin, NJ
Posts: 7,148
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its ok .. warm weather is back so ill be on the bike more
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2001 Trans Am WS6 •SLP Loudmouth II •UMI Suspension •12.857 @ 109.57
1996 Trans Am WS6 •Pacesetter Longtubes •Strange 12 Bolt •Spohn Suspension •11.152 @ 123.85
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05-11-2009, 08:44 PM
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#11
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Join Date: Jul 2008
Location: NJ
Posts: 819
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Quote:
Originally Posted by edpontiac91
When I look at the profit they made for last year and the quarterly profits that were the most EVER made by any company, I tend to get a "LITTLE CYNICAL". Maybe their profits are in line with other businesses, but when you talk BILLIONS of dollars compared with other companies, I do think it has to do with some amount of greed and it is the one stock to buy because NOW it's the season to start upping the ante. To hell with economy and the unemployment rate, there's money to made in oil and they KNOW IT!
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Its not so much about the amount that is coming in, its profit percentage. There is a lot of money spent before the oil gets to the pump, and there are a lot of employees; skilled, trained employees at that. The oil companies don't set the price for a barrel of oil, they are just a middle man..the same as the guys that pump the gas.
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05-11-2009, 08:46 PM
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#12
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BadMod
Join Date: Aug 2004
Location: hamilton, nj
Posts: 8,889
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if your not willing to walk or ride a bicycle, dont bitch about gas prices, every one contributes to it...
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So much stupid, so little time.
Quote:
Originally Posted by 79CamaroDiva
It started before I drove your car. I just have to look at it the wrong way and your car poops parts.
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Mercerville MotorSports, LLC
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05-11-2009, 09:15 PM
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#13
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Join Date: Sep 2004
Location: Haledon, NJ
Posts: 5,162
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sure oil went up recently but I remember hearing/reading how for a long time oil has remained between $40-50 a barrel and gas prices still crept back up to 1.80 during the same time frame...it's all a game and unfortunately we're stuck.
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1989 IROC-Z 355 LT1 T56 Swapped
2016 Chevy Colorado LT 3.6 v6
2008 Jeep Grand Cherokee Laredo 4.7L RIP 12/29/2016
1998 Honda CBR 600F3
2003 Yamaha FX140
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05-11-2009, 11:42 PM
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#14
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Join Date: Dec 2005
Location: Boston/North
Posts: 9,214
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I paid $2.07 today for regular? Gas goes up every summer. I don't know why anyone's bitching.
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Quote:
Originally Posted by BonzoHansen
dumbass.
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05-12-2009, 12:20 AM
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#15
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2007 Member of the Year
Join Date: Oct 2004
Location: Seabrook, TX
Posts: 14,281
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Quote:
Originally Posted by edpontiac91
there's money to made in oil and they KNOW IT!
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Welcome to America. We're capitalist here.
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WF=DF
Kommandant of the ACL (Anti Canadian League)
Quote:
Originally Posted by LTb1ow
Junk the pos, spend the money on beer, acquire headache.
Same result cept this headache doesnt last months.
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05-12-2009, 01:59 AM
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#16
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Join Date: Apr 2008
Location: Delran
Posts: 6,785
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yeah you know in other countries gas is like 3 dollars a liter. so yeah. be grateful. who even checks the price of gas anyway? you know your gonna pay whatever that sign reads
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05-12-2009, 06:32 AM
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#17
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Join Date: Aug 2007
Location: Piscataway, N.J.
Posts: 1,729
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Quote:
Originally Posted by NastyEllEssWon
yeah you know in other countries gas is like 3 dollars a liter. so yeah. be grateful. who even checks the price of gas anyway? you know your gonna pay whatever that sign reads
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You're 100% correct. What PISSES me off is how it just seems to shoot UP just before a major HOLIDAY. It's like "I know the public is going to be using a lot of gas this weekend, so let's raise the price up real fast". It's just the timing that SUCKS!
__________________
1991 FORMULA 350-GONE BUT NOT FORGOTTEN
1 of 1,197 with L98 Option/13.79@100 mph
1994 25th ANNIVERSARY TRANS AM GT -1 of ONLY 2,000 made/ Only 128 made with a HURST 6-Speed Manual and 91 with T-Tops and Compact Disc/ K & N Filtercharger/Magnaflow Performance Muffler/Air Foil- ORIGINAL MINT Arctic White Ultra Rare SURVIVOR. DAYTONA 500 PACE CAR Decal Kit!
SOLD: 1989 Turbo T/A in 1991 it ran 12:18@115 mph
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05-12-2009, 06:51 AM
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#18
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Power Member / Load Driver
Join Date: May 2006
Location: PA
Posts: 2,016
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better get my new dd soon......... and i guess i might not be borrowing the SOM too much again this summer
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Quote:
Originally Posted by 79CamaroDiva
yep. jenn loves teh leghumping.. so much so that most ppl dont realize her name belongs to a chick
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I'd be unstoppable if not for law enforcement & physics
2011 Regal CXL TO2
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05-12-2009, 07:07 AM
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#19
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Join Date: Aug 2004
Location: Hillsborough, NJ
Posts: 2,630
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Gas prices shoot up right before a major holiday for a reason.....increased demand which puts stress on supply. All the oil companies are bidding on the same supply pool and if they expect extra demand they end up having to pay higher prices to win the contracts for the increased supply.
I used to hate the oil business too and now that I work in it and have a much better understanding there's a lot more to the picture.
Just an FYI.....the average profit on 1 gallon of gasoline for my company hovers right around $0.03 and we're a major player on the east coast. So out of that 2 plus dollars the company is making 3 cents.
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--==RPM Resto & Custom==--
1989 IROC-Z Media Coverage:
Chevy High Performance - Readers Rides 4/03
GM High Tech Performance - Tech Article 3/06
Chevy Rumble - Tech & Feature Articles November 2006
Auto Restorer Magazine - Feature Article 5/11
SkinAndSteel.com
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05-12-2009, 07:23 AM
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#20
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Join Date: Aug 2007
Location: Long Branch NJ
Posts: 706
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Quote:
Originally Posted by edpontiac91
When I look at the profit they made for last year and the quarterly profits that were the most EVER made by any company, I tend to get a "LITTLE CYNICAL". Maybe their profits are in line with other businesses, but when you talk BILLIONS of dollars compared with other companies, I do think it has to do with some amount of greed and it is the one stock to buy because NOW it's the season to start upping the ante. To hell with economy and the unemployment rate, there's money to made in oil and they KNOW IT!
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Id hate to say it but this sort of attitude is what is killing America. Why does nobody understands how a percentage works? Oil companies made like an average 10% profit last year i believe. Dominos makes like a 12% profit... They are only making record amounts in dollars because we are using gas at record rates. Its not like there is one guy sitting behind a desk raising prices and raking in dump truck loads of cash. Its the same with any other business. Driving and gas arent privileges they are a product. On another, less related note, look at what a company like shell pays in taxes vs what they make as a profit. 10% profit? 40% income tax. So where do you think your money is going when gas prices are high?
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Formerly known as REED!
JSFBOA
Draino?
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05-12-2009, 08:53 AM
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#21
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Join Date: Jul 2004
Location: West Long Branch
Posts: 13,598
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I would like to believe the but demand last year wad very low and supply was higher then average. So explain how the had nearly 50% increase in profits?
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2/20/2013: They Day the ****s Stopped
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05-12-2009, 09:03 AM
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#22
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Join Date: Dec 2004
Location: Browns Mills NJ/ Rotondo West FL
Posts: 3,054
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Yea there creeping up again...Good thing the Z isnt my everyday driver.
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AI HCR 241's , Lunati 223/236 .615/.626 114+2 , Full Exhaust , Ported Fast 92 , Ported LS2 TB , Veraram , 85mm MAF , Circle D 4000 , 3.42's , GTP 36# , CSP Dyno tune. More on the way
420 HP/367 TQ on a Unlocked Converter & still climbing.
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05-12-2009, 09:10 AM
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#23
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Join Date: Dec 2005
Location: Mays Landing, NJ
Posts: 7,108
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Do you guys REALLY think the oil companies make a ridiculous amount of $$ on gas? They don't. ExxonMobil and other "oil" companies are ENERGY companies. Do you guys really think all of these profits are from gasoline sales? A very minute amount of their overall revenue is from gas. These companies sell ENERGY, they also sell oil which as we know is in just about everything. The ******* media and sheep that cling on to every word they say loving having people think it's ONE guy in a in a big corporate office playing with prices.
Seriously though guys, before everyone starts jumping on the "oil companies are bad" bandwagon again research some stuff and realize that these companies don't sell just gas, they don't sell just oil, they sell energy and have their hands in making a ton of products we use every day.
With that said, I noticed the other week that the prices were creeping up...it sucks but there's nothing we can do about it...well aside from some obvious things but we might disrupt the habitat for the rare African spotted meal worm or something...
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2018 Camaro 2SS Redline package, ESC Novi 1500 tuned by EFX, Might Mouse wild catch can, GM STB, smoked ZL1 3rd brake light, Xpel XR Black 35% tint all around, Street Scene front splitter, C7 Carbon ZL1 side skirts, Drake Muscle Car Wickerbill spoiler
2010 Infiniti G37x-Moonlight White w/Graphite interior. Stock...for now. Xpel XR Black tint(hey it's a mod lol)
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05-12-2009, 09:22 AM
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#24
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Join Date: Dec 2004
Location: Browns Mills NJ/ Rotondo West FL
Posts: 3,054
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Quote:
Originally Posted by Frosty
Do you guys REALLY think the oil companies make a ridiculous amount of $$ on gas? They don't. ExxonMobil and other "oil" companies are ENERGY companies. Do you guys really think all of these profits are from gasoline sales? A very minute amount of their overall revenue is from gas. These companies sell ENERGY, they also sell oil which as we know is in just about everything. The ******* media and sheep that cling on to every word they say loving having people think it's ONE guy in a in a big corporate office playing with prices.
Seriously though guys, before everyone starts jumping on the "oil companies are bad" bandwagon again research some stuff and realize that these companies don't sell just gas, they don't sell just oil, they sell energy and have their hands in making a ton of products we use every day.
With that said, I noticed the other week that the prices were creeping up...it sucks but there's nothing we can do about it...well aside from some obvious things but we might disrupt the habitat for the rare African spotted meal worm or something...
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I can understand that...then why are they having record setting profites every quarter..My coworkers wife works for exxon and she seems to have a different opinion lol.
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AI HCR 241's , Lunati 223/236 .615/.626 114+2 , Full Exhaust , Ported Fast 92 , Ported LS2 TB , Veraram , 85mm MAF , Circle D 4000 , 3.42's , GTP 36# , CSP Dyno tune. More on the way
420 HP/367 TQ on a Unlocked Converter & still climbing.
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05-12-2009, 09:25 AM
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#25
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Join Date: Dec 2005
Location: Mays Landing, NJ
Posts: 7,108
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Quote:
Originally Posted by MonmouthCtyAntz
I can understand that...then why are they having record setting profites every quarter..My coworkers wife works for exxon and she seems to have a different opinion lol.
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...and I ask you this...are their record profits from gas sales? I'd say no. They have one of the most valuable items known to man, one of the most in-demand products in history...of course as demand goes up so do their profits. However, most companies are at 10% and some are at 8% profit margin, right inline with the US average.
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2018 Camaro 2SS Redline package, ESC Novi 1500 tuned by EFX, Might Mouse wild catch can, GM STB, smoked ZL1 3rd brake light, Xpel XR Black 35% tint all around, Street Scene front splitter, C7 Carbon ZL1 side skirts, Drake Muscle Car Wickerbill spoiler
2010 Infiniti G37x-Moonlight White w/Graphite interior. Stock...for now. Xpel XR Black tint(hey it's a mod lol)
Last edited by Frosty; 05-12-2009 at 09:27 AM.
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