SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Roebear who wrote (58886)1/21/2000 8:55:00 PM
From: Think4Yourself  Read Replies (4) of 95453
 
Here's something to think about. It's so obvious no one even talks about it.

A year ago oil was $10 and gasoline was $.90. Now oil prices have nearly tripled to $28, while gasoline prices are up 50% to $1.35. Who's "eating" the other 250%, and how could they have had that much profit margin to give up in the first place???

After thinking about this, I have come to three conclusions:

1. Avoid owning stock involving refineries at all costs.

2. Gasoline prices are going to go up a lot more. We'll see consumers whining on newscasts pretty soon.

3. Avoid the airline and trucking stocks. It's only a matter of time...

Comments appreciated because this looks like that "new math" to me.

edit: taxes just occurred to me. Assuming taxes are about $.67 per gallon, true gas prices went from $.23 to $.68, which is just about right. Think I'll check the taxes notice at the pump next time I fill up.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News