What is wrong with this math??

[bncinwv]

Wayne,
Following your logic, why does it not work the other way. When oil goes up, the price of gas goes up that day?? By the way, the price today is still $4.29. I had to go to class conference in Flatwoods, WV today (middle WV). Price of gas there was $3.97???????? Oil dropped again today and I am seeing reports from so called "experts" now saying $3.50 gasoline this summer. Just four days ago they were saying $6.00???? I would love to figure out this gasoline math one of these years????
Bingo

[Phil P]

Some months ago I stopped at the Gas station on the corner and talked to the new owner. I ask him why the stations in town were selling fuel at a lower price than he was. His answerer was simple. He had filled his tanks when he purchased the station. The price was high and he had to sell off the high price fuel before he dropped the price. He said he would not do that again. Now he gets a fuel delivery every other day. His prices go up or down depending on what he has to pay for fuel. His diesel dropped $.35 a gallon since yesterday morning.

Phil P

[bncinwv]

I just checked virginiagasprices.com and Wytheville, Va is now showing unleaded gas at $3.65. Maybe the gasoline math is just delayed per what Phil and Wayne were saying. I still say they raise the prices immediately though and lower them based on new shipments.
Bingo

[deadeye]

Bingo:
Here it is a couple of days since you went to the station wainting on the price drop...... Are you back YET?......JB

[deadeye]

Bingo:
Here it is a couple of days since you went to the station waiting on the price drop...... Are you back home YET?......JB

[Rancher Will]

I notice that many use the "system of comparing Apples to Oranges" when comparing profits of various businesses. There are a number of ways to compare profits, i.e., Total Dollars, Percent on Investment, Percent of Costs, Percent of Revenue, Variation over time, etc.

Using standard accounting procedures, over the past 30+ years you will notice that oil companies have actually earned less profit than the average for all or most Corporations.
For Example, last year only one oil company (Exxon/Mobil) was in the top five Corporations (Microsoft, Wal-Mart, P&G, IBM) in total Dolars profit earned, and Exxon/Mobil earned the lowest Profit Percent.