[Vwdiesel] Diesel prices
Gary Bangs
gbangs at cfl.rr.com
Sat Nov 29 07:08:14 PST 2008
Oh,
Diesel prices here in Central Florida, Orlando area... $2.67 - $2.83
Murphy(Walmart) stations. Yes that much of a spread between sister stations.
Gary Bangs wrote:
> Oh, here we go again!
>
> Before we point fingers at "them", let's do some financial analysis.
>
> Back in April of 08, the Energy Companies in the S&P 500 had an average
> profit margin of 9.7%.
> (In defense of oil companies, Paul R. La Monica, CNNMoney.com editor at
> large, (http://money.cnn.com/2008/04/29/markets/thebuzz/))
>
> The average for all S&P 500 companies was 8.5%
> (same article)
>
> Microsoft, as of 28 November 08, has a 28% profit margin.
> http://finance.yahoo.com/q/ks?s=msft
>
> Google, 24%
> http://finance.yahoo.com/q/ks?s=GOOG
>
> I can go on.
>
> Why stop at Oil companies? Where do you draw the line?
>
> How about personal income? How much is too much? Should Bill Gates have
> a special WindFall Profits Tax just because he makes a $bazillion more
> per year than I do?
>
> Where do you draw the line?
>
> Just keep in mind, in 2007, there were 142billion(b) gallons of gasoline
> consumed in the US
> (http://tonto.eia.doe.gov/ask/gasoline_faqs.asp)
> At $0.18 per gallon, the US government took in 142,000,000,000 x .18 =
> $25,560,000,000 or $25.5billion(b) for doing nothing to help develop or
> generate it. This is not including lease income or mineral rights or
> silly stuff like that.
>
> These large profits are from large volumes. Oil or Wickets, doesn't
> matter. Plain and simple.
>
> The only "them" you need to be worried about, are those folks up on the
> 'hill'.
>
> -Gary
>
>
> Sherwin Goff wrote:
>> Just today bought Diesel in Loma Linda, California (I-10 near San Bernardino) for ONLY $2.45 per gal.
>>
>>
>>
>> What a deal, only $2.45 per gallon.
>>
>> Now we can get excited about being ripped-off for $2.45 instead of for $5.25? This is amazing!
>>
>>
>>
>> "They" have actually robbed us at the pump and our government (who is supposed to be our protector)
>> lets "them" do it to us in brought day light, and now we are thankful it is
>> only $2.45.
>>
>> We are being brain washed even in our thinking.
>>
>> And this is only a calm before the real robbery that will last when the price shoots back up even higher than $5.00 and never comes back down again. What a shame!
>>
>> Sherwin Goff
>>
>> (Enjoy Life -- Every Day!)
>>
>> On call 24/7, YOUR team of specialized attorneys
>>
>> Ask me how you can have free access--24/7
>>
>> sherwingoff at yahoo.com
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