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Biden set the stage for an excuse to shift blame for the recent gas price increase

2

Comments

  • WestlinnDuck
    WestlinnDuck Member Posts: 17,930 Standard Supporter
    BleachedAnusDawg said:

    SFGbob said:

    MikeDamone said:

    46XiJCAB said:

    So the Putin price hike is officially dead?

    Ian price hike is warming up in the bull pen
    Just paid nearly $6.00 a gallon for regular. It's been rising steeply the last two weeks here in California. Good thing we've depleted our reserve
    Gas went up $.90 in less than two weeks.

    One thing that does piss me off about the gas stations is that they're pricing existing inventory at post-hurricane rates. The stuff bought last week didn't magically become $.50 more per gallon while it sat in the ground waiting to be pumped by a dropout Duck fan.
    Once again, to maintain their necessary rate of return, the price of gas has to reflect the replacement cost. If I buy gas at $4 a gallon to sell at $4.40 a gallon, I'd get a $.40 profit and the $4 to buy the next gallon. If my replacement cost goes to $5 a gallon, then I need to sell my $4 a gallon of gas at $5.50 to get my 10% profit and have $5 to buy the next gallon. Now, I would show a $1.50 profit, but I need that profit to buy the next gallon. My actual retained cash flow is only the $.50. Plus, the price of $5.50 is the market clearing price, so if you go to the pump you can actually get your gallon of gas. Demanding price controls always results in shortages.

    This is stuff that every high school senior should know about, let alone democrat politicians and every MSM alleged reporter.
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  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 13,295 Founders Club
    WestlinnDuck said:

    BleachedAnusDawg said:

    SFGbob said:

    MikeDamone said:

    46XiJCAB said:

    So the Putin price hike is officially dead?

    Ian price hike is warming up in the bull pen
    Just paid nearly $6.00 a gallon for regular. It's been rising steeply the last two weeks here in California. Good thing we've depleted our reserve
    Gas went up $.90 in less than two weeks.

    One thing that does piss me off about the gas stations is that they're pricing existing inventory at post-hurricane rates. The stuff bought last week didn't magically become $.50 more per gallon while it sat in the ground waiting to be pumped by a dropout Duck fan.
    Once again, to maintain their necessary rate of return, the price of gas has to reflect the replacement cost. If I buy gas at $4 a gallon to sell at $4.40 a gallon, I'd get a $.40 profit and the $4 to buy the next gallon. If my replacement cost goes to $5 a gallon, then I need to sell my $4 a gallon of gas at $5.50 to get my 10% profit and have $5 to buy the next gallon. Now, I would show a $1.50 profit, but I need that profit to buy the next gallon. My actual retained cash flow is only the $.50. Plus, the price of $5.50 is the market clearing price, so if you go to the pump you can actually get your gallon of gas. Demanding price controls always results in shortages.

    This is stuff that every high school senior should know about, let alone democrat politicians and every MSM alleged reporter.
    Correct, they are operating according to cash flows and not p&l. As they should. These guys aren't carrying around piles of liquid cash, it's all tied up in inventory.
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  • Pitchfork51
    Pitchfork51 Member Posts: 27,681
    WestlinnDuck said:

    BleachedAnusDawg said:

    SFGbob said:

    MikeDamone said:

    46XiJCAB said:

    So the Putin price hike is officially dead?

    Ian price hike is warming up in the bull pen
    Just paid nearly $6.00 a gallon for regular. It's been rising steeply the last two weeks here in California. Good thing we've depleted our reserve
    Gas went up $.90 in less than two weeks.

    One thing that does piss me off about the gas stations is that they're pricing existing inventory at post-hurricane rates. The stuff bought last week didn't magically become $.50 more per gallon while it sat in the ground waiting to be pumped by a dropout Duck fan.
    Once again, to maintain their necessary rate of return, the price of gas has to reflect the replacement cost. If I buy gas at $4 a gallon to sell at $4.40 a gallon, I'd get a $.40 profit and the $4 to buy the next gallon. If my replacement cost goes to $5 a gallon, then I need to sell my $4 a gallon of gas at $5.50 to get my 10% profit and have $5 to buy the next gallon. Now, I would show a $1.50 profit, but I need that profit to buy the next gallon. My actual retained cash flow is only the $.50. Plus, the price of $5.50 is the market clearing price, so if you go to the pump you can actually get your gallon of gas. Demanding price controls always results in shortages.

    This is stuff that every high school senior should know about, let alone democrat politicians and every MSM alleged reporter.
    Dont forget 10 percent for the big guy
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  • PurpleThrobber
    PurpleThrobber Member Posts: 48,591 Standard Supporter
    Pitchfork51 said:

    WestlinnDuck said:

    BleachedAnusDawg said:

    SFGbob said:

    MikeDamone said:

    46XiJCAB said:

    So the Putin price hike is officially dead?

    Ian price hike is warming up in the bull pen
    Just paid nearly $6.00 a gallon for regular. It's been rising steeply the last two weeks here in California. Good thing we've depleted our reserve
    Gas went up $.90 in less than two weeks.

    One thing that does piss me off about the gas stations is that they're pricing existing inventory at post-hurricane rates. The stuff bought last week didn't magically become $.50 more per gallon while it sat in the ground waiting to be pumped by a dropout Duck fan.
    Once again, to maintain their necessary rate of return, the price of gas has to reflect the replacement cost. If I buy gas at $4 a gallon to sell at $4.40 a gallon, I'd get a $.40 profit and the $4 to buy the next gallon. If my replacement cost goes to $5 a gallon, then I need to sell my $4 a gallon of gas at $5.50 to get my 10% profit and have $5 to buy the next gallon. Now, I would show a $1.50 profit, but I need that profit to buy the next gallon. My actual retained cash flow is only the $.50. Plus, the price of $5.50 is the market clearing price, so if you go to the pump you can actually get your gallon of gas. Demanding price controls always results in shortages.

    This is stuff that every high school senior should know about, let alone democrat politicians and every MSM alleged reporter.
    Dont forget 10 percent for the big guy
    The first 10 percent for the big guy is implied.

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  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 13,295 Founders Club
    PurpleThrobber said:

    Pitchfork51 said:

    WestlinnDuck said:

    BleachedAnusDawg said:

    SFGbob said:

    MikeDamone said:

    46XiJCAB said:

    So the Putin price hike is officially dead?

    Ian price hike is warming up in the bull pen
    Just paid nearly $6.00 a gallon for regular. It's been rising steeply the last two weeks here in California. Good thing we've depleted our reserve
    Gas went up $.90 in less than two weeks.

    One thing that does piss me off about the gas stations is that they're pricing existing inventory at post-hurricane rates. The stuff bought last week didn't magically become $.50 more per gallon while it sat in the ground waiting to be pumped by a dropout Duck fan.
    Once again, to maintain their necessary rate of return, the price of gas has to reflect the replacement cost. If I buy gas at $4 a gallon to sell at $4.40 a gallon, I'd get a $.40 profit and the $4 to buy the next gallon. If my replacement cost goes to $5 a gallon, then I need to sell my $4 a gallon of gas at $5.50 to get my 10% profit and have $5 to buy the next gallon. Now, I would show a $1.50 profit, but I need that profit to buy the next gallon. My actual retained cash flow is only the $.50. Plus, the price of $5.50 is the market clearing price, so if you go to the pump you can actually get your gallon of gas. Demanding price controls always results in shortages.

    This is stuff that every high school senior should know about, let alone democrat politicians and every MSM alleged reporter.
    Dont forget 10 percent for the big guy
    The first 10 percent for the big guy is implied.

    Does he get the 10% off the consumer price or the 10% off at every supply chain stage like a VAT tax? Or both?
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  • 46XiJCAB
    46XiJCAB Member Posts: 20,967
    BleachedAnusDawg said:

    SFGbob said:

    MikeDamone said:

    46XiJCAB said:

    So the Putin price hike is officially dead?

    Ian price hike is warming up in the bull pen
    Just paid nearly $6.00 a gallon for regular. It's been rising steeply the last two weeks here in California. Good thing we've depleted our reserve
    Gas went up $.90 in less than two weeks.

    One thing that does piss me off about the gas stations is that they're pricing existing inventory at post-hurricane rates. The stuff bought last week didn't magically become $.50 more per gallon while it sat in the ground waiting to be pumped by a dropout Duck fan.
    Hurtful.

    If you're a Duck dropout.
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  • 46XiJCAB
    46XiJCAB Member Posts: 20,967
    WestlinnDuck said:

    BleachedAnusDawg said:

    SFGbob said:

    MikeDamone said:

    46XiJCAB said:

    So the Putin price hike is officially dead?

    Ian price hike is warming up in the bull pen
    Just paid nearly $6.00 a gallon for regular. It's been rising steeply the last two weeks here in California. Good thing we've depleted our reserve
    Gas went up $.90 in less than two weeks.

    One thing that does piss me off about the gas stations is that they're pricing existing inventory at post-hurricane rates. The stuff bought last week didn't magically become $.50 more per gallon while it sat in the ground waiting to be pumped by a dropout Duck fan.
    Once again, to maintain their necessary rate of return, the price of gas has to reflect the replacement cost. If I buy gas at $4 a gallon to sell at $4.40 a gallon, I'd get a $.40 profit and the $4 to buy the next gallon. If my replacement cost goes to $5 a gallon, then I need to sell my $4 a gallon of gas at $5.50 to get my 10% profit and have $5 to buy the next gallon. Now, I would show a $1.50 profit, but I need that profit to buy the next gallon. My actual retained cash flow is only the $.50. Plus, the price of $5.50 is the market clearing price, so if you go to the pump you can actually get your gallon of gas. Demanding price controls always results in shortages.

    This is stuff that every high school senior should know about, let alone democrat politicians and every MSM alleged reporter.
    Could you send this to the Simpleton in the WH.

    Do it now.

    Do it now.
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  • WestlinnDuck
    WestlinnDuck Member Posts: 17,930 Standard Supporter
    46XiJCAB said:

    WestlinnDuck said:

    BleachedAnusDawg said:

    SFGbob said:

    MikeDamone said:

    46XiJCAB said:

    So the Putin price hike is officially dead?

    Ian price hike is warming up in the bull pen
    Just paid nearly $6.00 a gallon for regular. It's been rising steeply the last two weeks here in California. Good thing we've depleted our reserve
    Gas went up $.90 in less than two weeks.

    One thing that does piss me off about the gas stations is that they're pricing existing inventory at post-hurricane rates. The stuff bought last week didn't magically become $.50 more per gallon while it sat in the ground waiting to be pumped by a dropout Duck fan.
    Once again, to maintain their necessary rate of return, the price of gas has to reflect the replacement cost. If I buy gas at $4 a gallon to sell at $4.40 a gallon, I'd get a $.40 profit and the $4 to buy the next gallon. If my replacement cost goes to $5 a gallon, then I need to sell my $4 a gallon of gas at $5.50 to get my 10% profit and have $5 to buy the next gallon. Now, I would show a $1.50 profit, but I need that profit to buy the next gallon. My actual retained cash flow is only the $.50. Plus, the price of $5.50 is the market clearing price, so if you go to the pump you can actually get your gallon of gas. Demanding price controls always results in shortages.

    This is stuff that every high school senior should know about, let alone democrat politicians and every MSM alleged reporter.
    Could you send this to the Simpleton in the WH.

    Do it now.

    Do it now.
    It's just not the dementia patient. It is every dem, every one that votes for a dem, and almost every teacher and most of the PMS housewives.
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  • DerekJohnson
    DerekJohnson Administrator, Swaye's Wigwam Posts: 69,856 Founders Club
    BleachedAnusDawg said:

    SFGbob said:

    MikeDamone said:

    46XiJCAB said:

    So the Putin price hike is officially dead?

    Ian price hike is warming up in the bull pen
    Just paid nearly $6.00 a gallon for regular. It's been rising steeply the last two weeks here in California. Good thing we've depleted our reserve
    Gas went up $.90 in less than two weeks.

    One thing that does piss me off about the gas stations is that they're pricing existing inventory at post-hurricane rates. The stuff bought last week didn't magically become $.50 more per gallon while it sat in the ground waiting to be pumped by a dropout Duck fan.
    It does when perceived demand increases
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  • WestlinnDuck
    WestlinnDuck Member Posts: 17,930 Standard Supporter
    DerekJohnson said:

    BleachedAnusDawg said:

    SFGbob said:

    MikeDamone said:

    46XiJCAB said:

    So the Putin price hike is officially dead?

    Ian price hike is warming up in the bull pen
    Just paid nearly $6.00 a gallon for regular. It's been rising steeply the last two weeks here in California. Good thing we've depleted our reserve
    Gas went up $.90 in less than two weeks.

    One thing that does piss me off about the gas stations is that they're pricing existing inventory at post-hurricane rates. The stuff bought last week didn't magically become $.50 more per gallon while it sat in the ground waiting to be pumped by a dropout Duck fan.
    It does when perceived demand increases actual supply is threatened
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