Gas prices dropping soon?

[sk47]

I see you’re in total defensive mode. And maybe rightfully so. I’m not calling out the entire industry. Just those who are taking obvious advantage of the current situation.

Of course these companies are entitled to make a profit. Yes they invest billions, that kind of their deal. And yes they took a major hit during the worst of Covid. But there are limits when an abundance of profit is taken on the backs of the average citizen.

Your analogy using Apple is a poor one. When was the last time they went ahead and raised their retail prices? Their costs have gone up. Cost of parts, labor, shipping, etc. Ford raised their MSRP, Apple didn’t.

Do you realize that they could drop the price of gas by $1.00 on a billion gallons of gas and only lose 2% of their profit. They would never feel it and they would become heroes for doing it.

Hello; So by this logic thew big pharma which made billions off a vaccinee that turned out to not work very well ought to just give up some of their profits. Same for any company that happens to do well with a product.

Here is an aspect of big companies. Any financial harm put onto them such as taxes or clawbacks will wind up passed on to the consumer. There is a plan currently to add taxes to big corporations as if by some convoluted logic that cost will not be passed onto the consumer. It is not as tho those planning this work around do not understand the deal. Pretending to tax the wealthy companies will go over better in the optics rather than adding a tax onto the folks, those who buy the product, who wind up actually paying the tax.

I do agree that the top level compensation at big companies is out of whack. Top execs can and do make a huge percentage more than the average worker. Even top execs who ruin a company can walk away with golden pay packages.

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[sk47]

We get the majority of our “imported“ oil from Canada. There are currently 70 pipelines between the US and Canada. Most are for oil related products. 100% of Canada’s exports come into the US.

Hello; Seems the language is tripping us up on where our oil comes from. I guess those of us who are saying a general statement that "we" can produce our own oil are including oil recovered in the Americas not just within the boundaries of one American country.

So in some ways you are correct. The USA itself does not currently produce all the oil used day by day. We need some from Canada and Mexico.

 

[Bikeman315]

Hello; So by this logic thew big pharma which made billions off a vaccinee that turned out to not work very well ought to just give up some of their profits. Same for any company that happens to do well with a product.

Here is an aspect of big companies. Any financial harm put onto them such as taxes or clawbacks will wind up passed on to the consumer. There is a plan currently to add taxes to big corporations as if by some convoluted logic that cost will not be passed onto the consumer. It is not as tho those planning this work around do not understand the deal. Pretending to tax the wealthy companies will go over better in the optics rather than adding a tax onto the folks, those who buy the product, who wind up actually paying the tax.

I do agree that the top level compensation at big companies is out of whack. Top execs can and do make a huge percentage more than the average worker. Even top execs who ruin a company can walk away with golden pay packages.

And once again deflect. Big pharma is as bad, if not worse than big oil but every dog has its day. They did an incredible job with the vaccines. Who much did you pay for yours? Mine were free. So the comparison does work.

I totally agree with you on taxing industry to reduce prices. Will not help one iota. Will just make things worse. The only way to reduce pricing is significantly reduce demand. Works every time.

 

[Bikeman315]

Hello; Seems the language is tripping us up on where our oil comes from. I guess those of us who are saying a general statement that "we" can produce our own oil are including oil recovered in the Americas not just within the boundaries of one American country.

So in some ways you are correct. The USA itself does not currently produce all the oil used day by day. We need some from Canada and Mexico.

We would need a lot less if we stopped exporting our oil. But you‘re right, it really doesn’t matter. Between the three countries we have enough crude. Where there have been issues is in the limits of refining that crude. Even so we do not have any shortages of gasoline. And prices are dropping so I guess all is good.

 

[sk47]

And once again deflect. Big pharma is as bad, if not worse than big oil but every dog has its day. They did an incredible job with the vaccines. Who much did you pay for yours? Mine were free. So the comparison does work.

I totally agree with you on taxing industry to reduce prices. Will not help one iota. Will just make things worse. The only way to reduce pricing is significantly reduce demand. Works every time.

Hello; A light dawns. Thing is things we get from the government are never "free". Someone has to pay and the due bill eventually comes back to the working Joe/Jane. Sure some of that bill is on the national debt to be paid at some future time, but it will fall onto those with actual jobs and incomes from work.
My understanding is the government paid big pharma around $15 per shot. May be more or may be less. Point is we owe for what the government spends.

I saw some years ago a report about what it costs up for the government to spend a dollar. I do not recall exactly the figure so will use my best recollection. The idea is that to spend a dollar the government uses up to $4 dollars. If using the $15 shots as an example, then the government has to have someone to collect monies (taxes, tariffs, fees and such.) That can be the IRS od some such agency. Once collected there has to be some agency to run the spending programs. A prime example might be Fauci who is reported to be the highest paid government worker of all. Lots of slaaries paid out.
Then there are the office costs and paperwork needed to cut checks to pharma, doctors and all.

 

[Bikeman315]

Down again.

 

[sk47]

A Johns Hopkins study says 'ill-founded' COVID lockdowns did more harm than good | Health News Florida (usf.edu)

Hello; Hereis something to ponder. Saw a report on TV the other night and decided to look it up. Link above is about a study done by John Hopkins. Seems they found, as many of us suspected, the lockdowns did more harm than good.
The kicker appears to be that the lockdowns may not have saved lives. That is the more disturbing aspect of the study. That the world economy was messed up including gas prices to keep it relevant to the thread topic and that lives were not saved.

By the way there were several other links. This one has the study in it.

Dare I mention failed policies again?

 

[Bikeman315]

A Johns Hopkins study says 'ill-founded' COVID lockdowns did more harm than good | Health News Florida (usf.edu)

Hello; Hereis something to ponder. Saw a report on TV the other night and decided to look it up. Link above is about a study done by John Hopkins. Seems they found, as many of us suspected, the lockdowns did more harm than good.
The kicker appears to be that the lockdowns may not have saved lives. That is the more disturbing aspect of the study. That the world economy was messed up including gas prices to keep it relevant to the thread topic and that lives were not saved.

By the way there were several other links. This one has the study in it.

Dare I mention failed policies again?

Dare I mention that you are lost?

Gas prices dropping soon?

 

[sk47]

Dare I mention that you are lost?

Gas prices dropping soon?

Hello; Not clear but it would appear you do not see how we are enduring, in part, the aftermath of the covid lockdown policies. Other parts of fuel costs are of course due to policies enacted after the lockdowns.

 

[lacanteen]

Down again.

Regular
$3.629

Premium
$4.139

Diesel
$4.529

 

[NFG19]

And once again deflect. Big pharma is as bad, if not worse than big oil but every dog has its day. They did an incredible job with the vaccines. Who much did you pay for yours? Mine were free. So the comparison does work.

I totally agree with you on taxing industry to reduce prices. Will not help one iota. Will just make things worse. The only way to reduce pricing is significantly reduce demand. Works every time.

I don’t think your vaccine was free. The government paid for it with your tax dollars! Unfortunately same with the gas tax holiday. Like the stimulus checks we will pay for later 100x! Nothing is free someone always pays.

 

[LSchicago]

Hello; Seems the language is tripping us up on where our oil comes from. I guess those of us who are saying a general statement that "we" can produce our own oil are including oil recovered in the Americas not just within the boundaries of one American country.

So in some ways you are correct. The USA itself does not currently produce all the oil used day by day. We need some from Canada and Mexico.

We are a net exporter. We produce more than we use, and export the extra. We also Import because some oil is better for certain uses than others.

 

[Bikeman315]

I don’t think your vaccine was free. The government paid for it with your tax dollars! Unfortunately same with the gas tax holiday. Like the stimulus checks we will pay for later 100x! Nothing is free someone always pays.

I understand that but was just a reaction to @sk47 ridiculous analogy.

 

[Stage_3]

We are a net exporter. We produce more than we use, and export the extra. We also Import because some oil is better for certain uses than others.

So,.......is that why our prices were so low??
Just like in Saudi Arabia?? They produce a ton of oil.

 

[sk47]

I understand that but was just a reaction to @sk47 ridiculous analogy.

Hello; Well, it took longer but you are at the stage some got to in the science is cancelled thread. That stage being in their case name calling and putdowns which replaced sound counter arguments. The above is a form of putdown.
The working model appears to be to apply a label such as "ridiculous". I guess in hope that merely calling something "ridiculous" will color the opinion of others. Those other fellows became very inventive and were much more crude in their language, so you are not so bad as yet.

The concept that anything any government gives away is "free" is a laugh. Governments can only take from some in order to have anything to give. Some things we all tend to support. Highways and national defense come to mind. I favor that sort of thing.
Things you may get from a government may not cost you at the time. However, someone is paying or with respect to the debts someone is liable.
If a corporation or business has it's taxes/fees raised it will pass the cost onto the rest of us. If the taxes/fees become too much the business may have to fold if consumers are not willing to pay the extra cost.

At some point the debt may become too much and no one will be willing to "loan" a government money. A few nations have recently missed their debt payments. Not sure how that will play out but it will be hard on the citizens of those countries.

Any way explain how government giveaways are free other than the immediate recipient does not have to pay out of pocket at the time.

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