Gas Prices

Discussion in '2005 - 2014 S-197 Mustang -General/Talk-' started by xxrequiemxx, Apr 22, 2008.


  1. GusinCA

    GusinCA Founding Member

    Joined:
    Sep 5, 2002
    Messages:
    170
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Newport Beach
    Funny, I own Exxon stock and don't feel ripped off...
  2. xxrequiemxx

    xxrequiemxx Member

    Joined:
    Aug 24, 2001
    Messages:
    241
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Long Island, NY
    Good for you.

    So you will get some of your investment back after paying the ridiculous prices along with us!
  3. Vanilla Mustang

    Vanilla Mustang New Member

    Joined:
    Jun 1, 2002
    Messages:
    32
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Ridge, Long Island
    Gusin,

    Thats a pretty stupid thing to say. Taking pride in making profit off something that hurts everyone else, huh? I'm sure I'll get no love for saying this (and I cant care), but go drown yourself in Exxon gas and take your stock with you.
  4. stangdude2000

    stangdude2000 Founding Member

    Joined:
    Jun 24, 2001
    Messages:
    1,736
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Northern VA
    I will state this again:

    Their profit margin is NO HIGHER than your typical company in most industries. They are just in a business that has incredibly high revenue. Also, remember Exxon makes significant profit from lubricants and whatnot as well - not just gasoline.
  5. The Fang

    The Fang Member

    Joined:
    Sep 11, 2005
    Messages:
    617
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Tallahassee Fl
    oo, oo, kick me too, I got some ExxonMobile and its all money baby!! yuk yuk :)
  6. xxrequiemxx

    xxrequiemxx Member

    Joined:
    Aug 24, 2001
    Messages:
    241
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Long Island, NY
    Lets see some proof.

    I am in the broadcast industry, and we are no where near Exxon lol.
  7. m4a1mustang

    m4a1mustang New Member

    Joined:
    Jul 10, 2008
    Messages:
    6
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Northern VA
    For FY07 XOM's profit margin was about 10%. Their tax rate for that year was a ridiculously high 42.4%, so Uncle Sam took nearly $30 billion from them in '07.

    Selected profit margins from other leading companies for FY'07:

    Lockheed Martin, 7.25%
    PepsiCo, 14.33%
    Apple, 14.56%
    Toyota, 6.53%
    WalMart, 3.40%
    Walt Disney Company, 13.20%
    NewsCorp (own's FOX), 11.96%
  8. Hoboattacker

    Hoboattacker New Member

    Joined:
    Sep 7, 2005
    Messages:
    550
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Baton Rouge (LSU) / Houston, TX
    If you can't beat 'em, join 'em. Nothing wrong with that.

    Exactly. The only reason Exxon is making so much is because they are selling so damn much of the stuff.

    Also, gas prices are on the decline (like I said they would be) for a short time. Just filled up the girl's car for 3.59 a gallon for 87. 93 octane was $4.03. The normal price down here lately as been 3.93-3.98 for 87 and 4.25ish for 93.
  9. m4a1mustang

    m4a1mustang New Member

    Joined:
    Jul 10, 2008
    Messages:
    6
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Northern VA
    Yep, and what a lot of people don't realize who are quick to criticize the oil companies (Americans like to point the blame at somebody) is that the crack spread has been tightening for a while, making things difficult for the oil companies. The crack spread is the difference between the price of crude oil and the products extracted from it (i.e. gas). Basically the refining margin.

    The people who are quick to bash Exxon should just take a look at it's stock chart. For the past year it's been stuck in a range of $80-$96. It will make a move up and then retrace that move back to where it started. Partly because of the volatility in oil as of late but also because investors don't really think there's much upside at this point for Exxon. If the companies were truly growing income (as a percentage of sales) in lock-step with the increase in the price of crude the chart would look a lot different. There'd be a lot more demand than supply for Exxon stock and it'd sure be well over $110/share right now if that was the case.
  10. Hoboattacker

    Hoboattacker New Member

    Joined:
    Sep 7, 2005
    Messages:
    550
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Baton Rouge (LSU) / Houston, TX
    Exxon is turning into like what Wal-Mart is. Wal-Mart continues to increase it's market share but it's stock price never goes up much. Investors have lost interest because while it is easy to turn 1 million into 5 or 10 million, it's kind of hard to turn 15 billion (making numbers up) into 20 billion or more.

    Also, what a lot of these people bashing ExxonMobil don't see is that Exxon is actually DOWN 4.5% over the course of the year. Stock Quotes, Stock Highs and Lows for NASDAQ, NYSE, AMEX and OTC-BB- CNBC.com
  11. enyawix

    enyawix Member

    Joined:
    Dec 18, 2005
    Messages:
    511
    Likes Received:
    0
    Trophy Points:
    17
    Location:
    127.0.0.1
    yaaaaaaaaaaa fuel prices are down!!!!!!!!!!!!!!!!!!!!!!!!

    Now we are in the second great depression :(
  12. flyboy86

    flyboy86 New Member

    Joined:
    Dec 5, 2006
    Messages:
    112
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    Vance AFB, Enid OK
    Here's what I saw driving home from work today....

    [​IMG]
  13. stanmckinney

    stanmckinney Active Member

    Joined:
    Mar 31, 2005
    Messages:
    1,206
    Likes Received:
    5
    Trophy Points:
    39
    I wish the price of goods, food, etc., that went up because of high fuel prices would also staring dropping.
  14. GOLDENPONY

    GOLDENPONY Founding Member

    Joined:
    Jan 23, 2002
    Messages:
    1,503
    Likes Received:
    0
    Trophy Points:
    36
    Location:
    LOVELAND, OHIO
    Gas Price

    I filled up tonight with 93 octane Shell V-Power for $1.889. NEVER thought I'd see that again. Don't know how long it will last, but I'm enjoying it while I can. :nice:
  15. GreyDiesel

    GreyDiesel New Member

    Joined:
    Jul 26, 2008
    Messages:
    172
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    Denver, CO
    woot woot woot :nice:

    hells yeah. I filled up on premium tonight for 2.01. Loves it.

    I heard on the news that prices are not going stay this low for very long. If I had any money I would buy oil futures right now.
  16. scupking

    scupking Active Member

    Joined:
    Sep 19, 2005
    Messages:
    1,198
    Likes Received:
    1
    Trophy Points:
    36
    Location:
    Enfield, CT
    1.97 for regular here and 2.12 for premium. I hope it keeps dropping, I would be happy if it goes to 1.50 and stays there for along........time.
  17. stanmckinney

    stanmckinney Active Member

    Joined:
    Mar 31, 2005
    Messages:
    1,206
    Likes Received:
    5
    Trophy Points:
    39
    $1.79 here yesterday in Central Kentucky.

Share This Page