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OPEC don't care what Dems want....
- Thread starter deepwater
- Start date
Most are locally owned, and make the vast majority of their profits on their mini-marts.
From the attached article:
“Refinery maintenance alone — especially prescheduled maintenance — cannot explain a sudden $1.54 increase in what refineries charge for every gallon of gas Californians buy,”
www.latimes.com
“Refinery maintenance alone — especially prescheduled maintenance — cannot explain a sudden $1.54 increase in what refineries charge for every gallon of gas Californians buy,”
California repeatedly warned about spiking gas prices, fragile supply. But fixes never came
Because of a California-specific blend of gasoline and a market moving away from fossil fuels, the state remains vulnerable to drastic price increases because policy makers haven't taken action to address the problem.
www.latimes.com
LMAOFrom the attached article:
View attachment 139503
“Refinery maintenance alone — especially prescheduled maintenance — cannot explain a sudden $1.54 increase in what refineries charge for every gallon of gas Californians buy,”
California repeatedly warned about spiking gas prices, fragile supply. But fixes never came
Because of a California-specific blend of gasoline and a market moving away from fossil fuels, the state remains vulnerable to drastic price increases because policy makers haven't taken action to address the problem.
You're actually blaming this on the oil companies?
These people are responsible for that
It’s right there in the data
why do you think California has a special blend? For fun?
holy sh!t
Anything to defend your corporate masters, pathetic as usual.
You don’t get it
The laws that were passed in Sacramento created a situation that hurt the citizens of CA.
is that really what you took from the data?
or did you not bother looking at the data and instead made a very pathetic attempt to distract from the underlying issue?
that's my guess because seasonal blends are NOT the reason we are where we're at right now and that is not what is depicted by the data
maximum outrage, minimum facts as usual
This is what we get for cozying up to the Saudis for so long.
He who lies down with dogs rises up with fleas.
He who lies down with dogs rises up with fleas.
One of the few subjects where BOTH SIDES! are equally to blame.
Do you actually take the Governor's word, who's job it it is to shift responsibility about the implications of their own policies onto others, as gospel?
This shows net profit margins from 2010-2022 on the 3rd graph down. A google search shows the big oil companies to be in the high teens in terms of margins. While certainly high, considering they were negative during the pandemic, this doesn't seem unreasonable given that they had 4 negative quarters and several that were in the 2-3% range.
18% doesn't account for gas being double the cost in California has it is elsewhere. That's policy.
Chevron Profit Margin 2010-2023 | CVX
Current and historical gross margin, operating margin and net profit margin for Chevron (CVX) over the last 10 years. Profit margin can be defined as the percentage of revenue that a company retains as income after the deduction of expenses. Chevron net profit margin as of December 31, 2023 is...
www.macrotrends.net