Sedalia Dave Posted October 29, 2022 Share Posted October 29, 2022 Link to comment Share on other sites More sharing options...
Red Gauntlet , SASS 60619 Posted October 29, 2022 Share Posted October 29, 2022 Pumps don't actually know how they do that...... Link to comment Share on other sites More sharing options...
Ozark Huckleberry Posted October 29, 2022 Share Posted October 29, 2022 Interesting, but really glad I used 1.5X playback speed. Link to comment Share on other sites More sharing options...
Dawg Hair, SASS #29557 Posted October 29, 2022 Share Posted October 29, 2022 My brain just exploded. I thought it was all just FM, F@#$%ing Magic. Oh well............ Link to comment Share on other sites More sharing options...
Three Foot Johnson Posted October 29, 2022 Share Posted October 29, 2022 I've got gravity fed gas & diesel tanks with about a ten foot drop, and the auto shutoff nozzles don't work. Not enough pressure maybe? Seems like just as much as at a pump in town. Link to comment Share on other sites More sharing options...
Cypress Sun Posted October 29, 2022 Share Posted October 29, 2022 I figured the pumps just looked at a picture of Whoopie Goldberg...that'd turn anything off. Link to comment Share on other sites More sharing options...
Dawg Hair, SASS #29557 Posted October 29, 2022 Share Posted October 29, 2022 38 minutes ago, Cypress Sun said: I figured the pumps just looked at a picture of Whoopie Goldberg...that'd turn anything off. Now be nice..................... Link to comment Share on other sites More sharing options...
Colorado Coffinmaker Posted October 29, 2022 Share Posted October 29, 2022 Actually, there is a tiny Leprechaun sitting in the bottom of the nozzle. When his FEET get wet, he flips the switch Link to comment Share on other sites More sharing options...
Texas Lizard Posted October 30, 2022 Share Posted October 30, 2022 You are all wrong...There is a scanner that checks your pockets and credit cars...It sees how much money you have or what is left on your credit cards...Makes the adjustment and takes every penny it can...And you to the cleaners...Thanks Uncle B.... Texas Lizard Link to comment Share on other sites More sharing options...
Colorado Coffinmaker Posted October 30, 2022 Share Posted October 30, 2022 Of course, everybody realizes the prices of gas have nothing to do with politics?? Driven solely by Big Oil gouging for record profits. The cost of fuel is driving the price of everything that relies on transportation. Figure it out. Link to comment Share on other sites More sharing options...
Ozark Huckleberry Posted October 31, 2022 Share Posted October 31, 2022 13 hours ago, Colorado Coffinmaker said: Of course, everybody realizes the prices of gas have nothing to do with politics?? Driven solely by Big Oil gouging for record profits. The cost of fuel is driving the price of everything that relies on transportation. Figure it out. After pondering and reflectification, I want to amend my thoughts a bit. I've left the first cut below, but have something else to preface: Why is it bad for an American corporation to turn profits? The problem isn't the amount of money the oil companies make -- it's the accusation that oil companies are making those profits from the wallets of U.S. consumers. That's a red herring intended to deflect attention from the real culprit for the economic pain that millions are facing. Let me explain . . . . The oil companies' higher profits come in large part from the higher prices on crude oil. Crude oil is a global commodity, and the global market establishes the higher prices. The prices are higher because the quantity of oil on the market has been restricted. Therefore, it is the policy of restricting oil production that is largely responsible for the higher price of oil which results in increased profits for the oil companies. Additionally, the uncertainty of future restrictions on domestic oil production invites market speculation that drives prices even higher. You want to reduce what people pay for oil products? Increase production, and bring more stability to the market by making energy policy based on pragmatism instead of petulance. To add: Further high prices come from restricted output by the refineries. Currently, oil refineries run at about 95-98%. More refinery output is unlikely without more refineries. More refineries are unlikely to be built, owing to the onerous environmental regulations, and the reluctance of ANYONE with a brain to put that kind of investment into something that could very well be shuttered by whim-based energy policies. You want to reduce prices at the pump? Remove some of the unreasonable roadblocks to building more refineries, and bring confidence to investors by making policy based on pragmatism instead of petulance (worth repeating). Link to comment Share on other sites More sharing options...
Dirty Dan Dawkins Posted October 31, 2022 Share Posted October 31, 2022 And the “oil cartel” our Madam chairwoman at DOE blames for setting prices to which no one can conceive a solution around isn’t playing politics, they’re just a-holes out to make as much as they can in the most opportune moments for them and worst for us. Free market ideas can’t get around this. Smarter people than us have told us this time and again. It is futile to argue this. Link to comment Share on other sites More sharing options...
Ozark Huckleberry Posted October 31, 2022 Share Posted October 31, 2022 1 hour ago, Dirty Dan Dawkins said: And the “oil cartel” our Madam chairwoman at DOE blames for setting prices to which no one can conceive a solution around isn’t playing politics, they’re just a-holes out to make as much as they can in the most opportune moments for them and worst for us. Free market ideas can’t get around this. Smarter people than us have told us this time and again. It is futile to argue this. So . . . you think if the global price for crude is $100/bbl, the U.S. corporations should sell it for $80 or so? That’s not that feasible with a global commodity, and would open the corporations to lawsuits for acting against shareholders’ best interests. Since around a quarter of U.S. oil is imported and would still be subject to global pricing, it wouldn’t have that much effect, anyway. The global nature of the oil market is pretty clearly demonstrated by the administration’s releases from the Strategic Petroleum Reserve. The oil wasn’t reserved for domestic consumption. It was auctioned to the highest bidder. One of whom was China. Not arguing — educating. Link to comment Share on other sites More sharing options...
Colorado Coffinmaker Posted October 31, 2022 Share Posted October 31, 2022 Sorry Ozark. A very eloquent defense of Big Oil making record profit on our backs. Also very wrong. Big Oil raised the price of fuels well in advance of the international price rise. They (Big Oil) always do that. It certainly isn't bad for Big Oil to turn a profit. After all they aren't a charity. What is annoying, is to turn historically record profit and to do it on the backs of the consumer. And Big Oil certainly is riding our backs. DOE released NO contracts to Chinese nor Chinese affiliated entities for SR Oil. Interestingly, a subsidiary of Saudi ARAMCO contracted for a couple of barrels. Link to comment Share on other sites More sharing options...
Ozark Huckleberry Posted October 31, 2022 Share Posted October 31, 2022 1 hour ago, Colorado Coffinmaker said: Sorry Ozark. A very eloquent defense of Big Oil making record profit on our backs. Also very wrong. Big Oil raised the price of fuels well in advance of the international price rise. They (Big Oil) always do that. It certainly isn't bad for Big Oil to turn a profit. After all they aren't a charity. What is annoying, is to turn historically record profit and to do it on the backs of the consumer. And Big Oil certainly is riding our backs. DOE released NO contracts to Chinese nor Chinese affiliated entities for SR Oil. Interestingly, a subsidiary of Saudi ARAMCO contracted for a couple of barrels. DOE announcement of SPR sales UNIPEC is U.S.-based subsidiary of SINOPEC -- Chinese-owned state oil company. Recent U.S. prices of crude oil (in blue) vs. gasoline (in brown) Could you show me on the chart where the gas prices were raised ahead of the oil price increases? ETA: You might be referring to retailer-level price increases that lead oil price increases, but that's an anticipation of having to pay more to refill depleted stocks of fuel. If stations only considered the price they paid for their fuel instead of the price they would have to pay to replenish their stocks, they are following a business model commonly referred to as, 'bankruptcy'. Suppose you bought a 5-gallon can of gas at, say -- $3.00 a gallon. Then gas went up to $3.50 a gallon. From a strictly business perspective, would it make sense for you to sell it at $15.00, since that's what you paid for it? Extend that model to thousands of gallons of gasoline sold in a day, and you'll see how it works. Link to comment Share on other sites More sharing options...
Wallaby Jack, SASS #44062 Posted October 31, 2022 Share Posted October 31, 2022 I don't s'pose the respective govt.s would be interested in reducing their taxes and tarrifs on fuels at the pumps ? .......... ............... no, I didn't think so either ....... Link to comment Share on other sites More sharing options...
Sedalia Dave Posted November 1, 2022 Author Share Posted November 1, 2022 On 10/31/2022 at 4:05 PM, Wallaby Jack, SASS #44062 said: I don't s'pose the respective govt.s would be interested in reducing their taxes and tarrifs on fuels at the pumps ? .......... ............... no, I didn't think so either ....... When you do the math, dropping the federal gasoline tax doesn't really put money in people's pocket. It like so many other things the government does just sounds good. Currently the federal tax on gasoline is 18.4 cents per gallon. Assuming you drive 15,000 miles a year and have a SUV that gets 15 mpg; you would only save $184 a year. If you drive a car that gets 25 mpg the savings is only $110.40. Drive fewer miles and the savings is even less. Link to comment Share on other sites More sharing options...
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