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SportTrac Discussion
Engine & Drivetrain
Gas prices inching up fast
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<blockquote data-quote="TrainTrac" data-source="post: 865300" data-attributes="member: 55399"><p>It's not weird at all, just the usual cycle.</p><p></p><p></p><p></p><p>1. Summer driving season is beginning = increased demand.</p><p></p><p>2. Summer blend costs more to refine than winter blend. Those costs are passed on at the pump.</p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p>The constant reports about "record profit" are nothing more than demagoguery and propaganda. If you know anything about economics and business, it's the <strong>profit margin</strong> that matters. And oil & gas industry profit margins are significantly lower than other industries.</p><p></p><p></p><p></p><p>This chart may be a few years old, but it's still fairly accurate. Oil & gas PM's are still ranging between 8-10%</p><p></p><p><img src="https://www.sporttrac.org/data/MetaMirrorCache/90c746150a427033e3f3d71b3e1d4f59.gif" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p></blockquote><p></p>
[QUOTE="TrainTrac, post: 865300, member: 55399"] It's not weird at all, just the usual cycle. 1. Summer driving season is beginning = increased demand. 2. Summer blend costs more to refine than winter blend. Those costs are passed on at the pump. The constant reports about "record profit" are nothing more than demagoguery and propaganda. If you know anything about economics and business, it's the [b]profit margin[/b] that matters. And oil & gas industry profit margins are significantly lower than other industries. This chart may be a few years old, but it's still fairly accurate. Oil & gas PM's are still ranging between 8-10% [img]https://www.sporttrac.org/data/MetaMirrorCache/90c746150a427033e3f3d71b3e1d4f59.gif[/img] [/QUOTE]
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SportTrac Discussion
Engine & Drivetrain
Gas prices inching up fast
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