Gas Prices have More Than Doubled Since Biden Took Office

[Chobham]

We can go there.

Falls into the category of, "No good deed goes unpunished."

 

[Sh1ne0n67]

“Half the harm that is done in this world is due to people who want to feel important. They don’t mean to do harm -- but the harm does not interest them. Or they do not see it, or they justify it because they are absorbed in the endless struggle to think well of themselves.”
T. S. Eliot


IMHO - half is a low-ball "optimistic" estimate...
__________________________________________
Democrat born. Democrat bred. Libertarian led (by Democrats).

 

[the_single_gal_unconfidential]

I don't understand what your fucking problem is -

you fucking complain about the high cost of gas -

then you fucking say that you have no problem with the oil comps charging whatever they want, and raking in huge profits - on your back.

the fucking stupidity of your reepies goes far beyond boggling the mind.

 

[Sh1ne0n67]

So, has their profit MARGIN skyrocketed, or are they just passing on the increased cost of business?

I think the "fucking stupidity" of you economic illiteracy is on full display.
__________________________________________
Democrat born. Democrat bred. Libertarian led (by Democrats).

 

[LukSkyFokker]

I think the "fucking stupidity" of you economic illiteracy is on full display.

You realize that the "Doom & Gloom" thread still exists, right? I mean, your economic retardedness was on full display for a few years there, loser.

Also, learn English, dummy.

 

[ll74]

https://www.usatoday.com/story/money/economy/2022/05/07/oil-company-record-profits-2022/9686761002/

The net profit margin of S&P 500 companies, which include energy giants such as Chevron and Exxon Mobil, in the first quarter has been running at 12.3% based on estimates and earnings reported so far, according to FactSet. That’s down from a peak of 13.1% in the second quarter of last year, but above the pre-COVID-19 level of about 11%.

 

[Sh1ne0n67]

So, nothing drastic and good news for shareholders,
you know, retirees, teacher, police and fire pensions...,
__________________________________________
Democrat born. Democrat bred. Libertarian led (by Democrats).

 

[Chobham]

https://www.usatoday.com/story/money/economy/2022/05/07/oil-company-record-profits-2022/9686761002/

Exxon's net profit margin for the first qtr of this year was 6.23%.

 

[ll74]

https://www.investopedia.com/ask/an... gas production profit,stages of the COVID-19

• The average net profit margin for oil and gas production was 4.7% in 2021 and 31.3% in Q4 2021

 

[LukSkyFokker]

Facts are not welcome in this whiny bitchfest by the defeated Trumplitards.

 

[Sh1ne0n67]

Nice Cherry-pick.

I guess you're hoping no one will actually click on the link...
__________________________________________
Democrat born. Democrat bred. Libertarian led (by Democrats).

 

[LukSkyFokker]

Nice Cherry-pick.

I guess you're hoping no one will actually click on the link...

LMAO! Like you clicked the link and comprehended the data with some skill before replying in less than a fucking minute, ya lying piece of shit.

 

[Sh1ne0n67]

Meanwhile, the reported net profits of 41 large publicly traded oil and gas producers and refiners, also in Q3 2021, totaled $16.7 billion, compared with a loss of $16.7 billion a year earlier.

Same source

 

[Chobham]

Too bad they don't know how the market works.

 

[LukSkyFokker]

That's not "meanwhile", AJ. That's congruent. Go wrap coins from your piggy bank - that's more your speed.

 

[LukSkyFokker]

Too bad they don't know how the market works.

Explain it to us, Nostradumbass. Your economic prowess has also been exposed as fraudulent here, Ishtard.

 

[ll74]

They reduced production in 2020 to inflate prices.

Wait till you see Q2 margins.

 

[oggbashan]

In the UK, today's average price per US gallon (3.7854 litres) is $9.39 and rising...

Every time the gas (petrol) price goes up, the government gets more taxes.

 

[Sh1ne0n67]

They reduced production in 2020 to inflate prices.

Wait till you see Q2 margins.

Or did it reflect COVID, the shutting down of the economy and the sudden loss of demand
creating a glut in inventory which had to be sold off since it is a perishable item?

Stop using Political Science as Economic Science.
__________________________________________
Democrat born. Democrat bred. Libertarian led (by Democrats).

 

[LukSkyFokker]

What happens when there's too much inventory? Do prices jump or go down?

 

[Sh1ne0n67]

In the UK, today's average price per US gallon (3.7854 litres) is $9.39 and rising...

Every time the gas (petrol) price goes up, the government gets more taxes.

Ditto here.
__________________________________________
Democrat born. Democrat bred. Libertarian led (by Democrats).

 

[JohnnySavage]

I think (and hope) that $5 will be the tipping point that will cause demand to go down. It is for me and I don't really drive that much. Less than 5 miles a day, on average. But spending $200 to fill up the tank hurts.

 

[Sh1ne0n67]

People still have to get to work and Summer is coming up.

People aren't going to hold themselves prisoners in their homes
and the money they spend for fuel will eliminate a lot of discretionary spending
which will continue to have chaotic reverberations throughout our economy and lives.

Joe Biden and the Democrats, at the behest of the Red Greens, caused this cascade of doom and despair.
__________________________________________
Democrat born. Democrat bred. Libertarian led (by Democrats).

 

[LukSkyFokker]

Yeah, I tell folks that I live so close to work that I can't even get through an entire song before I get there. Same with my last job. My Mom lives even closer but that pump is still a bastard.

 

[LukSkyFokker]

People still have to get to work and Summer is coming up.

People aren't going to hold themselves prisoners in their homes
and the money they spend for fuel will eliminate a lot of discretionary spending
which will continue to have chaotic reverberations throughout our economy and lives.

Joe Biden and the Democrats, at the behest of the Red Greens, caused this cascade of doom and despair.

You almost made through an entirely coherent and factual post before you turned into a shitpist with that last line. You truly are a fucking idiot, AJ.