Re: Nort's corner gas station.
 

Yes it's a comodity and yes it is a free market but the actions of the oil companies are incontionable given the cause. What ever happend to moral responsability and ethics in the business comunity ... oh yes I forgot, it was abolished in the "stock price at all costs" executive bonus system.

-g

Re: Nort's corner gas station.
 

We're running out in St. Pete too.

Re: Nort's corner gas station.
 

Not sure about other states but fed/state taxes @ the pump here are 19%. Take the 19% & tax the profits from the oil companys!

Re: Nort's corner gas station.
 

tax the oil companys and who do you think they are gonna get the money back from? :rolleyes:

Re: Nort's corner gas station.
 

Your forgetting that Bush was/is an oil man...

Re: Nort's corner gas station.
 

As much as I dislike Bush and think he is an idiot and major PITA, the blame for the oil companies, and other corporations as well, running rampent goes to ALL of the government. They are all getting their campain $$ and forgetting who they are supposed to represent. It won't end until all private campain funding is prohibited. Add $50 to everyones fed tax bill and split it among all the contenders able to meet the ballet requirements (yes, even the jerks) and we would be a lot better off.

-g

Re: Nort's corner gas station.
 

Paid $3.14 for Super this PM sit all the discounts the pump price was $3.31

Re: Nort's corner gas station.
 

Just bought f""ckin DIESEL for $3.29 . . . . OMG.
Didn't fill 'er up, cause I'm * * * hoping * * * it'll drop a few. - yeah right.

Anybody wanna buy an offshore boat ? ? ? I got twin big-blocks, but she'll run just fine on one of em. . . . just don't try docking ( or getting on plane ).
Holy Damn. . . . it's the Apocalypse. . . . help me.

( psssst - don't tell anybody, but there's a BUNCH of oil in Eye-rack. Pretty sure we got troops there that could ensure a pretty good flow. ) . . . don't tell anybody.

Re: Nort's corner gas station.
 

Just paid this this week :eek:
DIESEL 2.99
Prem 3.19

Re: Nort's corner gas station.
 

prices have dropped around here about 30 cents or more in the last week.... was 3.09-3.19 for unleaded and now is 2.79 or less... diesel is 2.69 or less in most places...

Re: Nort's corner gas station.
 

Click on it ,it changes :eek: :drink:

Re: Nort's corner gas station.
 

Home > Business Today > Business News > RSS Feed


Exxon's $10B fill-up: Cashing in on crunch
By Brett Arends
Wednesday, September 7, 2005 - Updated: 04:27 PM EST

Oil companies came under new fire yesterday when it emerged that ExxonMobil's profits are likely to soar above $10 billion this quarter on the back of the fuel crisis.

That's $110 million a day, and more net income than any company has ever made in a quarter. It's also a stunning 69 percent increase over the same period a year ago and a 34 percent jump from the $7.6 billion Exxon made just last quarter.

``Do you realize President Bush has just given a tax break to ExxonMobil?'' thundered Rep. Ed Markey (D-Malden). ``Of all the companies in the history of the world that needed a tax break, this month, ExxonMobil should be at the bottom of the list.''

The law gives incentives to producers such as Exxon to expand production, such as for drilling for new wells in deeper waters in the Gulf of Mexico.

``It makes me angry,'' agreed Rep. Marty Meehan (D- Lowell), noting rising fuel prices ``are going to have a negative ripple effect throughout the economy.''

Meehan yesterday sponsored legislation on Capitol Hill to penalize price ``gouging,'' assuming it can be agreed what that is. Markey is preparing for Energy Committee hearings on the fuel crisis.

Even oil company shareholders were critical. Hub fund manager Lee Forker, the head of New England Research & Management, said the profits reflected a failure of oil companies' leadership to invest in future production. ``They're maximizing present cashflows and ignoring the future,'' he said.

ExxonMobil is spending about $5 billion a quarter buying back its own shares.

Forker says the oil companies bear responsibility for recent shortages, because they have held back on investment in new production for years due to a fear of a price collapse. ``It could just be a big scam – `Let's just restrict the supply along with the OPEC countries and we'll all get rich together' '' he said.

Crude oil prices fell yesterday by $1.61 to $65.85 a barrel. Gasoline prices also eased slightly from late last week's panic.

But Lehman Brothers yesterday became the first Wall Street investment bank to issue a new profits forecast for Exxon following the week of post-Katrina turmoil, when gasoline prices surged as high as $3.59 a gallon in the Bay State and crude oil prices briefly topped $70. [continue]

The new forecast: $1.62 a share, or $10.2 billion in total. Other analysts are likely to follow suit.

Jacques Rousseau, energy analyst at investment bank FBR, yesterday explained that most of the extra money that consumers are paying for gasoline is going straight through to the big companies' bottom line.

The reason? Prices are soaring because of perceived shortages while the cost of producing the gasoline is little changed.

Re: Nort's corner gas station.
 

Those were the days! :(

Re: Nort's corner gas station.
 

Its 2.57 here.

Re: Nort's corner gas station.
 

TTT - what's news out there on the left coast these days? I paid $3.05 two days ago here... and it is still climbing! :eek:

Re: Nort's corner gas station.
 

2.79 for reg,and 2.79 for desiel.Most station arnt putting the prices on the signs going up so fast.


I am guessing it will go up to 3.50 a gallon for the 93 oct.I hope :rolleyes:

Re: Nort's corner gas station.
 

I can't speak for Nort's station, but this is from Beverly Hills today:

Re: Nort's corner gas station.
 

Here's some nostalgia from 2001.
:mad:

Re: Nort's corner gas station.
 

Haven't seen much of Norty on here lately, I guess that marriage thing is taking up all his time! :drink:

Re: Nort's corner gas station.
 

I was in Williamsburg Va. today $3.09 for 93. If they had it :( 2 stations had signs no high test fuel 87 only :eek:

Re: Nort's corner gas station.
 

$309 today 87 proof 329 89 342 92 4/21/06 upstate n.y. can you say SUCKS!!!!!!! :eek: :eek:

Re: Nort's corner gas station.
 

The place where I fill up said the same thing. Fortunatly, everything I own runs on 87.

Re: Nort's corner gas station.
 

I was in Orlando today on biz and the average gas prices I saw were
87-2.99
89-3.19
93-3.29

I drive a BMX X5 4.4i and it say to use 91 premium but the hell with that. Filled up with 87 and can not tell a difference.

Re: Nort's corner gas station.
 

yesterday filled my truck up it was 2.83

today filled wifes car 2.95 both for 87

Re: Nort's corner gas station.
 

89 on the water is $3.58 and 93 is $3.99! :eek: :mad:

Re: Nort's corner gas station.
 

WOW wait until summer :(

Re: Nort's corner gas station.
 

$4 a gallon for 89 on the water this summer is the word around Tampa.
My neighbor has a nice flats boat 18' and gets around 6-8 a gallon...a nice small flats fish boat is looking nicer and nicer....too bad I bouhgt my triple 275 Verado Fountain last year before gas got out of hand. Had I known gas was going to go up over $2 a gallon from last years pricese I would have bought a different boat.

Re: Nort's corner gas station.
 

I would have bought a different boat also had I known $4.00 + a gallon was coming

Re: Nort's corner gas station.
 

Cap, what boat do you have? For me I am super happy with my 38 Fountain center console and for the size of the boat it gets excellent gas mileage. I am burning around 9gph at cruise of 45mph per engine for a total of 1.5mpg. Not bad but then there is the 43 Nor_tech with twin Yanmars that goes 70 getting 5mph!
My 36 Concept barely got 1mph with twin 250efi's at cruise and it was a way smaller and lighter by 4,000lbs boat. The hull was not effeciant nor was the engines.

Re: Nort's corner gas station.
 

2003 32 Chaparral Cruiser Twin Volvo 350 GXi's

I wanna say about 20 gph at 26 mph not really sure

Re: Nort's corner gas station.
 

:D :D :D :drink: :drink: :drink: Mostly work work work!!!

Re: Nort's corner gas station.
 

No camera today.......

Regular: $3.13
Special: $3.25
Super: $3.35

Diesel: $3.45

Re: Nort's corner gas station.
 

Flippin ridiculous!!!!! Im almost regreting my decision to buy that Suburban last year

Re: Nort's corner gas station.
 

jeez,,, 3.23 3.35 3.47 in NY... :rolleyes:

Re: Nort's corner gas station.
 

Paid $2.83 in Palatka today for diesel. Most places were at $2.99, on my trip from Deland to Jacksonville today.

Re: Nort's corner gas station.
 

anyone notice if you use your DEBIT card to fuel up its easy to exceed your daily withdraw limits, we have gas stations that give a discount for cash or DEBIT but not credit.

Re: Nort's corner gas station.
 

I was up on the lake this past weekend and it was $3.59 on the water at the marina we stopped at (for 89). ouch!

Re: Nort's corner gas station.
 

04-27-2006


Getting close to the record high here..... :eek: :eek: :eek: :eek:

:evilb: :evilb: :evilb:

Re: Nort's corner gas station.
 

what is the record and when was it? just curious

Re: Nort's corner gas station.
 

I think that premium reached $3.45 after the hurricanes last year but only for a very short time.