Oil is still below $50.00 dollars per barrel , yet today the price of 1 liter of gas is $1.05 to $1.08 , greed , greed .greed!
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Oil is still below $50.00 dollars per barrel , yet today the price of 1 liter of gas is $1.05 to $1.08 , greed , greed .greed!
Prices sure seem unexplainably high.
I know that many refinery big gasoline producing units take their turnarounds during off season(winter) when vacation driving (demand) is low.
However there seemed to be a big surplus(validated by how many oil rigs are being shutdown). Bad news is, price seems artificially high now and when more rigs shutdown(because of crude continued low barrel price.)
Then surplus falls off, running into need/demand, causing prices to be unbelievably high as crude barrel price rise enough to be financially feasible to restart rigs and and meet that demand, and then begin surplus building again. A big cycle.......
Lot depends on world demand. 7
Locally it was 93/L .....79/L status, yesterday.
Up to 1.10 here
I noticed that too.....oil prices are down but profits are higher.... doesn't matter to them..... they just need to make and make and make as much as they can.....your right......greed....greed....greed
Oil goes down $50, gas goes down $0.50.
Oil goes up $1, gas goes up $0.40.
Hmm
Paid .93 Sunday evening.
It's what shareholders want, they expect results quarterly.Quote:
Originally Posted by fratri
I trust you have investments and want a return on it correct?
I have substantial investments in oil and the price at the pumps means nothing with regards to the stock price. Pump prices have been going up over the last 3-4 weeks, price of the barrel has been sliding for over a week now. Oil stocks fluctuate with the price of the barrel, they don't go up and down based on the price at the pumps...Quote:
Originally Posted by Bandwagon
Oil company revenues and margins have a direct impact on stock prices, the price at the pump also contributes to the demand. That's basic economics, all of these are contributing factors.Quote:
Originally Posted by JeffBondar
Economics 101 "Elasticity of demand"
Stock prices will not fluctuate in a 3-4 week stint in Canada based on our small market...
You don't think your stocks price would fluctuate is gas was 0.25 a liter or 3.00 at the pump?
Of course it does but it's minor. The biggest impact of oil stock prices is speculation followed by supply and demand....Quote:
Originally Posted by Bandwagon