I honestly don't think Americans care about high gas prices (weapons, cost)

[rstevens62]

Originally Posted by InformedConsent

Yes. Oil companies have a less than 5% 5 year average profit margin. That's less than 5 cents on every dollar. Grocery stores are at 2% or below. That's only 2 cents per dollar. Walmart is at 1.45%. Etc.

I work at the corporate level for one of the top 3 largest gas station/ C store chains in the country.


Our average retail mark up is between 200-300%

[Mathguy]

Originally Posted by rstevens62

Yeah, keep telling yourself that!


Perhaps you need to think about the gas stations? (ya know, they do markup products they sell), the average markup is 200-300%


Gasonline is NO different folks!


Its an utter lie, that they are only making a few cents profit off each gallon sold, (that was done to prevent retaliation to gas stations).

Business 101...have you ever heard of just making a few cents profit on something sold at the retail level? LOL

Gasoline is the loss leader, they make their money on the gum, lottery tickets, soda, snacks etc.

My uncle ran 3 gas stations until retiring.

You must have slept through "loss leader" in Business 101. At grocery stores it's milk and eggs.

https://culinarylore.com/food-cultur...arious%20times.

[Mathguy]

Originally Posted by rstevens62

I work at the corporate level for one of the top 3 largest gas station/ C store chains in the country.


Our average retail mark up is between 200-300%

Ok, now go look what the mark-up on gas is.

[InformedConsent]

Originally Posted by rstevens62

I work at the corporate level for one of the top 3 largest gas station/ C store chains in the country.

Our average retail mark up is between 200-300%

It's not the oil companies. They're still sitting at a less than 5% 5 year average profit margin.

[InformedConsent]

Originally Posted by Mathguy

Ok, now go look what the mark-up on gas is.

5 year average: 17 cents per gallon. At $5/gallon that's just 3.4%.

[Taratova]

In FL I was paying $2,19 with Trump in office. Now it is $4.82 a gallon. Every time I fill up I am reminded how much gas went up. Paid more than double for gas the other day. 19 gallons was over $90.

[SAN_Man]

Originally Posted by Taratova

In FL I was paying $2,19 with Trump in office. Now it is $4.82 a gallon. Every time I fill up I am reminded how much gas went up. Paid more than double for gas the other day. 19 gallons was over $90.

I can't remember the last time I saw gas in the $4 range. It's mid $6 here. Some over $7 for premium.

[djmilf]

Originally Posted by InformedConsent

It's not the oil companies. They're still sitting at a less than 5% 5 year average profit margin.

Invalid comparison.

The average profit margin for the oil and gas industry in 2021Q1 was 4.1% but in 2021Q4 was 31.3%.

[PullMyFinger]

Originally Posted by InformedConsent

That will come to an abrupt halt when the living paycheck to paycheck people's credit cards are maxed out...

https://thetechnicalchartist.com/202...we-in-trouble/

That's 140% higher than expected.

That’s the next crisis. When will banks start cutting credit to iffy people? Imagine the outcry coming?

[Stephan A Smith]

Originally Posted by Winterbeard

I don't think they feel like there's much option to protest, people still have to get to work and those on lower wages will start wondering if it's worth it, considering what they're paying at the pump.

I have yet to hear the actions the Republicans will put in place that would strong arm OPEC into increasing supply either. There's just vague promises of lowering gas prices without seemingly any actual policies.

Here is a little info you may be unaware of.

DEMOCRATS are in control.

How about we demand DEMOCRATS fix the problem THEY created.