Gas Prices

[lunkerbustin]

In Lawrenceburg it has been 3.37 to 3.39 all week. The whole world revolves around greed anymore I think. I agree with the disliking of big everything as well.

[kydonky]

Numbers are comming in for this quarter.

BP profits for this quarter =$20 billion

So I guess they really do need some protection from these awful taxes that but build the roads and bridges that support their industry.

Jobs!!! The Great recession started with gas prices surging to $4.00.

Oil is below $100. No national/global disaster to inflate prices. Yet gas is over $1.00/gal higher than typical price compared to oil.

One last comment....The air compressor I purchased at Harbor Freight (made in China) in September last year will not build over 30 pounds of pressure today. Harbor Freight said it's the spring in the pump head...but no replacement part is available as this is imported from China..they said they were very sorry.

Purchased a new Ingersol Rand yesterday. Unfortuneately it is mostly made from china and Tiwan parts, but at least it is assembled in the USA and is backed by a US company. That Harbor Freight air compressor os one expensive boat anchor.

[artcarney_agr]

I really don't understand why people get so hung up on BP profits.

With any business it's the margin that they make, not the amount, that matters.

I would like to see what percentage that $20 billion is. Does that reflect them only making a 1% margin? 5%? 10%? The media never puts it in that perspective, so that they can push their skewed agenda. If they're only getting 1% then that's a pretty bad year and shouldn't draw the reactions that people are so quick to give.

[stratosjoe]

here in central Illinois its 3.75 everywhere

[kydonky]

I really don't understand why people get so hung up on BP profits.

With any business it's the margin that they make, not the amount, that matters.

I would like to see what percentage that $20 billion is. Does that reflect them only making a 1% margin? 5%? 10%? The media never puts it in that perspective, so that they can push their skewed agenda. If they're only getting 1% then that's a pretty bad year and shouldn't draw the reactions that people are so quick to give.

BP was mentioned just because they are the one reporting profits today. I would wager that Exxon Mobile, Shell and Chevron will be reporting similar profits.

As far as margins go we could be shocked it they were to report margins.

My comment refers to the fact that gas is still over $3.50 a gallon, there are no disasters affecting market price (hurricane, flooded refineries, ect.) and crude oil is relatively low +/- $100.00. The last time crude was at this price (without other market stressors like huricane) gas was in the $2.25 range and there was pleanty of profit with that.

When gas went up to $4.00 in 08 every major oil company had RECORD BREAKING profits for any business not just heir business.

Big oil companies profits rival the GDP of several states.

I think its greed and we and our economy are hostage to them until we can build infastructure for alteritive energy sources.

[roadrunner]

here in central Illinois its 3.75 everywhere

Illinois gas tax .634 Kentucky gas tax .439

[roadrunner]

I left Lexington this morning about 8:30 to drive to London and do a service call. I get there and regular unleaded is $3.42 per gallon. It's $3.64 per gallon in Lexington. Both prices from speedway stores. How in the world is this possible? Naturally I filled up in London and by using the speedy card I paid about $3.40 per gallon.

most larger cities the EPA makes them use reformulated gasoline which burns cleaner and is more expensive. This may not be the case but it is possible. Find out if Lexington has to sell reformulated gas.

[GeoFisher]

roooaaaaadddddddd runner...............if he catches you, you're through..........beep, beep.

I bet most kids under 20 don't know WHAT the HELL I'm referring to here.

Later,

Geo

[roadrunner]

You are right but you know he can't catch me!!!!!

Also right about a lot of folks may not understand this.

Beep Beep

[stratosjoe]

yeah our taxes are higher to provide a nice ,clean, safe enviroment for our RAT ******* politicians to relax in when they get caught and sent to prison. Need to gas all prisons and have the next batch clean out the bodies and wait therr turn. Sorry had a moment of wish it was so....

[roadrunner]

yeah our taxes are higher to provide a nice ,clean, safe enviroment for our RAT ******* politicians to relax in when they get caught and sent to prison. Need to gas all prisons and have the next batch clean out the bodies and wait therr turn. Sorry had a moment of wish it was so....

We need to get rid of Chicago.