[ale] OT: gas going up this weekend

[Damon L. Chesser]

On Wed, 2011-04-27 at 12:45 -0400, Chuck Payne wrote:
> On Wed, Apr 27, 2011 at 12:34 PM, arxaaron <arxaaron at gmail.com> wrote:
> > On 2011/04/27, at 09:53 , Tim Watts wrote:
> >
> >> 3-5 cents/gallon I can deal with. And at least I know it's coming.
> >> It's
> >> the random/inexplicable 25-45 cent/gallon hikes that grab me by the
> >> shorts.
> >
> > Those damn gouge and thieve and never pay taxes corporapists!
> >
> > peace
> > aaron
> >
> >
> >
> >
> >> On Wed, 2011-04-27 at 08:15 -0400, Geoffrey Myers wrote:
> >>> Hey folks, you'll want to fill up your tanks before the weekend.
> >>> The GA
> >>> legislators are permitting a tax increase of 3-5 cents on a gallon of
> >>> gas May 1st.
> >>>
> >
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> >
> 
> The sad part is that gas going up by people that are buy on the
> futures. Normally I not against blocking people making money, but
> since this now cutting into all my extra money. I like to see
> something to control those people.

I know better, but can't stop....

The profit margin of "Big Oil" is only about 8% to 11%.  Groceries are
about 10% to 15%  Software and Services are at about 9.9%:  So, I fail
to see who "Those People" are.  Politicians who stop the exploitation of
our natural resources, then I agree.

BTW, If you double the cost of a product, but keep the same profit
margin, you will have "record" profits.  8% of $100 is $8:  8% of $200
is $16.  See?  Record profits!  We have to do SOMETHING!  THEY are
raking in money hand over fists!


http://ycharts.com/companies/BP/profit_margin

A bit Dem vs Rep, but shows a good break down of the cost of gas (at
2008? prices)  

http://www.jb-williams.com/4-25-06.htm




> 
> Oh, well.
> 

-- 
Damon
damon at damtek.com