Posted on 08/02/2016 4:28:47 AM PDT by HomerBohn
True. However, investing in futures is more complicated than prepaying with one's retail supplier.
The gross profit margin for a gallon of gas in America today, is what it has always been, on average, .08 cents
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You really don’t mean eight one hundredths of a cent per gallon, do you?
I felt terrible when I looked at the price of hamburg.
$1.68 here in Baton Rouge.
Spectacular suggestion. Maybe a government agency could set the price. We’ll call it: “The Politburo”
To me a thriving DOMESTIC industrial sector is way more critical than the energy sector.
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Well, the author did say he had three relatives who lost their jobs in the oil industry. I guess he thinks all Americas should pay more at the pump, so his three relatives can get their jobs back
I get the 1/3-off clearance packages.
Nice! North Carolina has one of the highest state gas taxes.
There is a lot of economic hypocrisy to go around.
When did you pay $.99 for a gal of Propane? 1999?
Sounds like the efforts to permanently shutdown the fracking industry is going full steam.
That’s true: they could go down more. However, it’s a reasonable prediction that heating oil prices, specifically, will go up as customers get ready to turn on their furnaces.
Why not just stop importing? Because we are the top refiners?
Obama crashed the oil market by supporting his Muslim agenda in lifting sanctions on Iran, allowing Iran to start selling oil into an already over supplied market. He has a hatred of our fossil fuel industry and wanted to destroy it from Day 1 of his rule. Never mind that gas and oil were the props holding up his horribly mismanaged economy, he was shoveling tax dollars to his cronies in green energy scams.
Now the heroes in our gas and oil industry are managing to stay in business by their wits and skill as prices have fallen 80%, managing to survive with NO government bailouts. Show me any other industry that has done that.
The airlines and truckers must be making out like bandits.....but they are not passing on their savings.
And in the middle of all this, the feds are announcing new tighter regulations on offshore drilling.
Yes it's called an oil future, but you need to buy in quantity and need some place to store the oil when you take delivery.
No kidding.
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