How much is gas where you live?

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Javilin, true the speculators are there but let's look at the oil companies themselves: Exxon Mobile (largest public energy company) net profits 2010 $7.56 billion up 91%; #2 Chevron $5.41 billion 300% increase from 2009; #3 Conoco-Phillips $2.5 billion 300% increase. US Tax breaks: Oil company capital investments are taxed at 9% while all others pay 25%
Transocean owner of Deepwater Horizon Platform (one that leaked in the Gulf) registered the platform in the Marshall Islands avoiding US taxes. Their corporate headquarters was moved from Huston to Switzerland avoiding more tax. BP leased the platform thus earning a US subsidy of $225,000 per day reducing their rent by 70%
Who are the gougers
 
Big numbers Mike but I would be interested in the % that is if it stays under 10% that is pretty much the norm if you start pulling more you are doing really good.The DWH do not even get me started but there is something fishy going on there and how all the oil rigs are now going to Brazil (10 to date 15 are slated) and BP and some others are involved there.I got a conspiracy theory for ya :)
 
Yer conspiracy theories are costin' me $3.40 per gallon. With two vehicles having 16-gallon tanks, and a fairly decent commute each day, yer conspiracy theories are costin me plenty!
 
Just filled up on Sat. 3/5 now up to $3.55 per gallon 85 octane because Lybia who supplies 3% of our petroleum is having a rebellion.
Javilin conspiracy? A conspiracy to get rich. 300% profit. H*ll's Bells, wish I had a business like that!
 
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Javilin conspiracy? A conspiracy to get rich. 300% profit. H*ll's Bells, wish I had a business like that!

Right now Mike that is an increase in revenue the way I read it but not necessarily profit.
 
The API reports these figures as NET profit not GROSS. After BP's destruction in the Gulf they reported a NET profit of $5.6 billion up only 135% from last year when they reported $2.4 billion. Yup, just hanging on by the skin of their teeth
 
Where ya been Kevin? Every time this happens, i.e "global unrest" jacking up prices, profits of the majors hit record levels. Let's wait for the second quarter profit results and then we'll talk.
 
Net income in 2009 was $10.5 billion (that's profit)on sales and other operating revenues of $167 billion, reflecting lower prices from 2008 for crude oil and natural gas and lower sales margins and prices for refined products. Return on capital employed for the year was 10.6 percent.

Chairman's Letter | Annual Report 2009 | Chevron

I am not trying to argue guys and I found an article in the LA times with those figures presented but the % just do not jive for actuals when we have AP for 09 stating more than the article.

Then we have this......Petrobras reported a record net profit of BRL35.2 billion for 2010, up 17% from a year ago, but it failed to match the hefty double-digit gains posted by global rivals such as Exxon Mobil Corp. (XOM), Chevron Corp. (CVX) and Royal Dutch Shell PLC (RDSA, RDSA.LN)--which all posted net profit growth of more than 50% from 2009.

Despite Record Year, Petrobras's 4Q Earnings Disappoint Market - WSJ.com

So 10B in 2010 equals approximatily 15B+ still alot of cash but I go again what is that too cost of operation?The % just seem wrong or how the writer of the article presented them that is all.I have been here Andy this moritorium is killing the economy along coastline here were I live.
 
When dealing with prices in North America, Californians are the ones who take it in the shorts every time. California's oil production is far larger than most people are aware and some domestic oil companies like Standard Oil and Union Oil Company use California oil exculsively for local demand and for export to other states.

Yet, when the east coast has an issue, like bad weather, we have our prices jacked up. Civil unrest in overseas nations (where we don't even get oil from) sees our prices getting jacked up. If the prices drop to a certain point, a refinery "magically" has a mishap, or has to go through maintanence, jacking our prices up.

On top of that, California had a specially formulated fuel, called MBTE which made our fuel more expensive because of the additional formulation. Well, about 5 years ago, they dropped the additive, because it was seriously carcinogenic after combustion and getting into our ground water as the airborn pollutants settled. After they discontinued the additive, you would suppose they'd drop the price to standard levels, but they never did. So we take it in the rear from that debaucle as well.

Case in point, I just filled my Scion today...price for regular unleaded was $4.39 a gallon at the corner station...it's FAR higher out by the Interstate.
 
Grau, the only figures I can find for Calif are for 2009. Overall petroleum production 208 mill bbl plus 13.3 mill from off-shore or about 221 million. In 1985 Caifornian wells peaked at 424 million. Calfornians consume 683 mill bbl per year so like the US as a whole Calfornians must import the deficit, about 32%
Illinois also shifts to that famous "Summer blend" which consists of adding oxygen rich compounds like Methy Tert-Butyl Ether. Ground water concerns have shifted the use of MTBE to more environmentally friendy compounds like Ethanol or grain alcohol called around here gasohol. Most gas stations already sell 10% blends but in May these same blends become "Summer blends" and the price shoots up. Not to mention Illinois main crop is corn
 
mikewint said:
Most gas stations already sell 10% blends but in May these same blends become "Summer blends" and the price shoots up. Not to mention Illinois main crop is corn
Click to expand...

As of two weeks now E10 (10% Ehtanol) is one of only 3 kinds of gas you can get here in Germany. E10, Super Plus (95 or better octane) and Diesel. I refuse to put the E10 in my Jeep. Two many people are complaining about their gas mileage going down or their cars no longer working. I contacted Jeep and they said I could use it, but I have chosen to buy the more expensive Super Plus to be on the safe side. Super Plus by the way has 5% Ethanol.

I guess me choosing not to use E10 is a good thing though. Today a new German study just released that despite earlier studies E10 is dangerous for all vehicles.
 
Chris I work in the AM Auto Industry have now for 25+ years now and the word is that for every 1% ethanol you lose 2%MPG.This worked out about right for my wifes Escape which went to 15-16 mpg then I had her go to the gas station I go w/no ethanol and it was back up to 19-20 mpg.Congress last week voted down going up to 15% hooray for that but like I said earlier this ethanol was suppose to be cheaper and it's not.It cost more to produce a gallon on ethanol than what you get in return the BTU is just lower than that of 100% gasoline and that shows up in the MPG.
 
Alder, I have been using 10% or gasohol in my Jeep Wrangler ever since I bought it 5 years ago. It has the 6cyl engine. I also put it in my Sky where the on-board computer adjusts everything no matter what grade I use. The Sky is now two years old and no problems.
As to the energy content you are correct. Ethanol does not contain the energy that an equal volume of gasoline would contain. on the other hand it is an excellent octane booster
 
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