#2395428 - 05/17/11 01:35 PM
Re: on the radio
[Re: TNDeerGuy]
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Stovepipe
18 Point
Registered: 09/21/07
Posts: 21673
Loc: N1549518,E738760
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they use the proceeds off of the bath salts and slush puppies to buy the next delivery of fuel, it all works out
_________________________
Westside Dream Team
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#2395567 - 05/17/11 06:03 PM
Re: on the radio
[Re: TC4ever]
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Buzzard
8 Point
Registered: 02/21/08
Posts: 1247
Loc: Rocky Top
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Gas is $3.07 per gallon right now cost. Add $.42 for tax and the rest is profit for the station. That's a little more than .02 per gallon.
Stik, all stations use either LIFO, FIFO, or weighted average accounting methods to set prices. They cant change each load. Right now the local stations are hosing us.
_________________________
"It's the spending stupid"
"Life is Hard, It's harder if you're stupid"
John Wayne
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#2395585 - 05/17/11 06:31 PM
Re: on the radio
[Re: Buzzard]
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wayne
8 Point
Registered: 02/11/09
Posts: 2099
Loc: Grundy
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Gas at our store was dropped $0.20 today. Love's Travel Center in Charleston, Exit 33 I-75.
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#2395594 - 05/17/11 06:40 PM
Re: on the radio
[Re: TNDeerGuy]
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wayne
8 Point
Registered: 02/11/09
Posts: 2099
Loc: Grundy
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the gas in their tanks is still the gas they paid the higher price for. just because the price of oil goes down, if they have a couple thousand gallons they paid the higher price for, they are not going to lower the price until the next shipment. that may take a while. I can understand that but let the price per barrel go up and that day you will see an increase ! they have to make enough to buy the next load at the higher price. Thats a croc...they need to start selling it on consignment then.... croc? maybe. but that's the way it has been done since forever. I've said it before and will say it again...it has nothing to do with what stik says, it has everything to do with gas/oil being a commodity and the period as oil falls and gas prices do not match the escaltion of the price, nor the decrease in oil prices it is a period of opportunity profitization, it has nothing to do with using money to buy the next shipment with--that's what they want us to believe! it's not hard to believe when it's simple math. if they make 2-3 cents a gallon then have to pay 7+ cents more for the next load, they have taken a loss. nobody can stay in business long like that. and there is not a business—that is still in business—that will, or can afford to run their business like that you claim stik and if ANY business runs that lean then take a picture of them because they will not be around long. They use gross profit margins to purchase inventory—they don't run paycheck to paycheck as you described—that is what many of their consumers do.
Just in case some of you didn't know, ordering a load of gas isn't like ordering a cheeseburger. The order is put in days in advance. And the price changes everyday. I have seen suppliers "cut-off" their supply around 2:00 p.m. because they are expecting a big price increase. And magically at 6:00 p.m. the supply is back on after the new price takes effect.
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#2395728 - 05/17/11 09:03 PM
Re: on the radio
[Re: wayne]
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Bigmonts
6 Point
Registered: 12/27/04
Posts: 820
Loc: Brighton, Tn.
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It was 3.57 today in Millington,TN.
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