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RE: I wondered about that.

Posted on: October 13, 2022 at 11:31:27 CT
KC rules MU
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On the upstream side, the competition is to access the resource. On the refining side, it's keeping its margins high enough to ensure a profit but remain competitive. Marketing is different. I am not sure what drives the final prices at the pump (beyond refining and crude oil inputs) but there are a myriad of players; wholesalers like Cotsco, company-owned stations, privately-owned stations. I have been told that more profit at that end of the business comes from the items in the store rather than what they sell from the pump.
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But, of course - Ace AU - 10/13 09:23:13
     No correlation to production and gas prices - JayHoaxH8r MU - 10/13 09:30:22
          increase in demand following the pandemic lockdowns - ashtray UF - 10/13 09:34:18
               I'd have to see the demand chart - JayHoaxH8r MU - 10/13 09:37:19
                    they haven't stayed elevated - ashtray UF - 10/13 09:41:59
                         and gas prices? - JayHoaxH8r MU - 10/13 09:42:49
                              price of oil is only one factor in gas prices - ashtray UF - 10/13 09:43:27
                                   The number one factor is profit - JayHoaxH8r MU - 10/13 09:46:09
                                        no, they really can't - ashtray UF - 10/13 09:55:43
                                             There isn't competition - JayHoaxH8r MU - 10/13 10:06:55
                                                  mobil, exxon, shell, bp, sunoco, hess, etc... - ashtray UF - 10/13 10:22:17
                                                       Not really - JayHoaxH8r MU - 10/13 10:23:49
                                                            so you're position is that those companies don't - ashtray UF - 10/13 10:25:16
                                                                 Don't see any of them going WalMart mode - JayHoaxH8r MU - 10/13 10:26:44
                                                                      Standard Oil used to do that - ashtray UF - 10/13 10:29:42
                                                                           the difference now is - JayHoaxH8r MU - 10/13 10:31:36
                                                                                The oil industry is replete with new successful companies - KC rules MU - 10/13 11:11:57
                                                                                     I wondered about that. - JayHoaxH8r MU - 10/13 11:13:55
                                                                                          RE: I wondered about that. - KC rules MU - 10/13 11:31:27
                                                                                when was the last truly 'new' cell phone maker that - ashtray UF - 10/13 10:38:34
                                                                                     That's kind of the point - JayHoaxH8r MU - 10/13 10:45:43
                                                                                          they would have to collude to do that - ashtray UF - 10/13 11:13:02
                                                                                               That's fair. I suppose that if a small startup - JayHoaxH8r MU - 10/13 11:14:42
                                        RE: The number one factor is profit - Catturd USMC - 10/13 09:55:02
                                             They never applied to build new ones under GOP admins - JayHoaxH8r MU - 10/13 09:55:36
     That chart shows US oil production under Biden is down from - TigerMatt STL - 10/13 09:29:20
     You were gone for a while and people quit mobbing you. - Tigrrrr! MU - 10/13 09:26:51




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