{sigh} You see that "riase" there, in the title? This is what happens when you try to submit before fully waking up. I'm an idiot.
More info:
It's not a supply issue since "summer gas" has already been refined and it sure isn't a demand issue and that gas can't be stored more than, say, an extra 6 or so months before it starts to turn to crap.
That means no one can use the excuse that it's to shore up gas reserves for next season by artificially reducing demand.
The gas that is available for the summer was already made and is in the hands of "gasoline companies" that store and ship and deliver and dispense gas. Their operating costs this season are irrelevant to cost of oil prices this season.
That means no one can use the excuse that companies are passing on costs.
Same thing happened during the Iraq war. Prices skyrocketed, totally on speculation. Here's hoping this causes enough pressure to shut up the environmental movement for a couple of years...
Gasoline is a commodity traded on the world markets just like anything else. The metric for gasoline demand is set based on crude oil demand. This is why we see it rise and fall along with crude.
Gold does not have a fixed value after it has been mined, refined, and made into bars. The value of any commodity is constantly in motion.
The real conspiracy here is the current idiots in office hamstringing American and Canadian crude production these past few years.
What's worse is that it's not a supply issue and it sure isn't a demand issue and that gas can't be stored more than, say, an extra 6 or so months before it starts to turn to crap.
That means no one can use the excuse that it's to shore up gas reserves for next season by artificially reducing demand.
The gas that is available for the summer was already made and is in the hands of "gasoline companies" that store and ship and deliver and dispense gas. Their operating costs this season are irrelevant to cost of oil prices this season.
That means no one can use the excuse that companies are passing on costs.
Your post is Exhibit A in the proof that poor people are stupid.
If a business sells current asset below market, how can it replenish those assets to stay in business?
So what really happens is they show a profit on paper despite having no real income. They go from e.g. a full tank March 1 to a full tank April 1 and show a profit (sales - cost of goods sold). But since they had to replenish at high prices that profit went back into the tank as if they had sold none and just kept the tank full. So now they're actually in a worse position because they owe tax on that profit yet have no income to pay it.
This is akin to you holding gold and not selling. You'd only owe tax on the price inflation once you sell. But a business is constantly rotating it's inventory so it's constantly being taxed on this inflation. So a business must not only raise taxes to pay to restock inventory at current rates, it must additionally raise prices to pay the phantom tax incurred by rotating inventory in an inflationary environment.
gas can't be stored more than, say, an extra 6 or so months
True, the finished product can't be stored forever. But when gas companies sell all their gas, they have to create more gas. They need the raw oil to create more gas. And that stuff has a shelf life in millenniums...
There's downstream, upstream, and midstream. Upstream is the raw stuff, downstream is things like gas stations, point of purchase. Midstream is how it's marketed and delivered.
Just a reminder - australia drills its own oil then rxports it to singapore then imports oul from singapore and refines it in australia then exports it to singapore then imports refined fuel.
Mobil altona refinery has a mobil petrol station across the street from it.... that gets its petrol from a petrol wholesaler... that gets its petrol from singapore.
We are being fucked in the ass repeatedly for the same money.
If a gas station has to buy more gas to replenish their tanks, do they go by todays costs or when they last bought gas? There will be a gap and it is about how much it will cost if they were to order more today.
They might be faggots but you're definitely a moron. I assume you'd sell a house below market because you didn't pay nearly that much for it. Good luck buying your next house or rather enjoy being homeless.
[ + ] Shitheel
[ - ] Shitheel 0 points 3.2 yearsMar 8, 2022 08:34:12 ago (+0/-0)
[ + ] noonefromnowhere
[ - ] noonefromnowhere 0 points 3.2 yearsMar 8, 2022 10:37:09 ago (+0/-0)
[ + ] Special_Prosecutor
[ - ] Special_Prosecutor 0 points 3.2 yearsMar 8, 2022 14:13:15 ago (+0/-0)
Nobody bets AFTER the dice land, or the horse runs.
[ + ] HeyJames
[ - ] HeyJames 0 points 3.2 yearsMar 8, 2022 14:25:55 ago (+0/-0)
Gold does not have a fixed value after it has been mined, refined, and made into bars. The value of any commodity is constantly in motion.
The real conspiracy here is the current idiots in office hamstringing American and Canadian crude production these past few years.
[ + ] 1Icemonkey
[ - ] 1Icemonkey 0 points 3.2 yearsMar 8, 2022 16:06:29 ago (+0/-0)
[ + ] heygeorge
[ - ] heygeorge 1 point 3.2 yearsMar 8, 2022 07:17:48 ago (+1/-0)
[ + ] totes_magotes
[ - ] totes_magotes [op] 1 point 3.2 yearsMar 8, 2022 07:50:07 ago (+1/-0)
That means no one can use the excuse that it's to shore up gas reserves for next season by artificially reducing demand.
The gas that is available for the summer was already made and is in the hands of "gasoline companies" that store and ship and deliver and dispense gas. Their operating costs this season are irrelevant to cost of oil prices this season.
That means no one can use the excuse that companies are passing on costs.
The oil being refined now is partially for gas (winter formulation) and heating. Link for curious: https://blog.amsoil.com/the-difference-between-winter-and-summer-blend-gas/
[ + ] Teefinyomouf
[ - ] Teefinyomouf 1 point 3.2 yearsMar 8, 2022 12:53:06 ago (+1/-0)
If a business sells current asset below market, how can it replenish those assets to stay in business?
So what really happens is they show a profit on paper despite having no real income. They go from e.g. a full tank March 1 to a full tank April 1 and show a profit (sales - cost of goods sold). But since they had to replenish at high prices that profit went back into the tank as if they had sold none and just kept the tank full. So now they're actually in a worse position because they owe tax on that profit yet have no income to pay it.
This is akin to you holding gold and not selling. You'd only owe tax on the price inflation once you sell. But a business is constantly rotating it's inventory so it's constantly being taxed on this inflation. So a business must not only raise taxes to pay to restock inventory at current rates, it must additionally raise prices to pay the phantom tax incurred by rotating inventory in an inflationary environment.
[ + ] diggernicks
[ - ] diggernicks 0 points 3.2 yearsMar 8, 2022 11:04:21 ago (+0/-0)
But diesel can
[ + ] totes_magotes
[ - ] totes_magotes [op] 0 points 3.2 yearsMar 8, 2022 17:05:49 ago (+0/-0)
[ + ] i_scream_trucks
[ - ] i_scream_trucks 0 points 3.2 yearsMar 9, 2022 00:08:17 ago (+0/-0)
[ + ] totes_magotes
[ - ] totes_magotes [op] 0 points 3.2 yearsMar 9, 2022 06:56:55 ago (+0/-0)
[ + ] jammicsmith
[ - ] jammicsmith 1 point 3.2 yearsMar 8, 2022 11:01:39 ago (+1/-0)
True, the finished product can't be stored forever. But when gas companies sell all their gas, they have to create more gas. They need the raw oil to create more gas. And that stuff has a shelf life in millenniums...
[ + ] totes_magotes
[ - ] totes_magotes [op] 0 points 3.2 yearsMar 8, 2022 17:05:24 ago (+0/-0)
[ + ] Rebooted
[ - ] Rebooted 1 point 3.2 yearsMar 8, 2022 12:51:58 ago (+1/-0)
[ + ] i_scream_trucks
[ - ] i_scream_trucks 1 point 3.2 yearsMar 8, 2022 14:57:01 ago (+1/-0)
Mobil altona refinery has a mobil petrol station across the street from it.... that gets its petrol from a petrol wholesaler... that gets its petrol from singapore.
We are being fucked in the ass repeatedly for the same money.
[ + ] Razzoriel
[ - ] Razzoriel 2 points 3.2 yearsMar 8, 2022 09:58:46 ago (+2/-0)
"OH OIL HAS RAISED! WE NOW NEED TO RAISE ALL GAS PRICES THE NEXT DAY!!"
"Oh did oil fell in price? Okay, we will wait our reserves, tanks and pumps empty up, then we will reduce the price in our next purchase."
[ + ] totes_magotes
[ - ] totes_magotes [op] 0 points 3.2 yearsMar 8, 2022 17:04:24 ago (+0/-0)
[ + ] dingbat
[ - ] dingbat 3 points 3.2 yearsMar 8, 2022 11:33:21 ago (+3/-0)
[ + ] chupacabra21
[ - ] chupacabra21 4 points 3.2 yearsMar 8, 2022 08:03:45 ago (+4/-0)
[ + ] account deleted by user
[ - ] account deleted by user 1 point 3.2 yearsMar 8, 2022 10:34:04 ago (+1/-0)
[ + ] Teefinyomouf
[ - ] Teefinyomouf 0 points 3.2 yearsMar 8, 2022 12:39:01 ago (+1/-1)
[ + ] xmasskull
[ - ] xmasskull 0 points 3.2 yearsMar 8, 2022 20:55:36 ago (+0/-0)
[ + ] account deleted by user
[ - ] account deleted by user -1 points 3.2 yearsMar 8, 2022 13:20:09 ago (+0/-1)
[ + ] Teefinyomouf
[ - ] Teefinyomouf 0 points 3.2 yearsMar 8, 2022 14:33:13 ago (+0/-0)
[ + ] account deleted by user
[ - ] account deleted by user 1 point 3.2 yearsMar 8, 2022 15:31:51 ago (+1/-0)
[ + ] xmasskull
[ - ] xmasskull 0 points 3.2 yearsMar 8, 2022 20:56:35 ago (+0/-0)