Gas near $3 a gallon

Gas near $3 a gallon

There are 107 comments on the Amarillo.com story from Jan 12, 2011, titled Gas near $3 a gallon. In it, Amarillo.com reports that:

Timmy Marbut fills his tank Wednesday at the Love's Travel Stop at Interstate 40 and Whitaker Road.

Join the discussion below, or Read more at Amarillo.com.

CornDogz

Arlington, TX

#82 Apr 9, 2011
Interesting looking back on this thread.

On Feb 4th I paid $2.94/gal. When I headed our from Abq a week ago, gas was @$3.50/gal. Still out of town but suspect gas is close to what it is here(McKinney, TX),$3.64-$3.69/gal.

Bottom line, that's a pretty healthy increase in just 2 months, 56c/gal.

“Keeping the Peace”

Since: Mar 11

Location hidden

#83 Apr 9, 2011
They are gouging us

“Pet me or I'll bite you”

Since: Jul 07

Richardson, Texas

#84 Apr 10, 2011
CornDogz wrote:
Interesting looking back on this thread.
On Feb 4th I paid $2.94/gal. When I headed our from Abq a week ago, gas was @$3.50/gal. Still out of town but suspect gas is close to what it is here(McKinney, TX),$3.64-$3.69/gal.
Bottom line, that's a pretty healthy increase in just 2 months, 56c/gal.
Even more than I predicted back in February with the Egyptian rebellion. We weren't counting on Libya.

Be looking for rises all the way through August, with a decline beginning in September.

Your price per barrel should peak late July, to mid August at around 135. It's 112 right now. Should equate to $4.15 or so for 87 unleaded. Right now you're at $3.69.

Since: May 10

Location hidden

#85 Apr 10, 2011
All the while, Exxon profits are up 53%!

“Pet me or I'll bite you”

Since: Jul 07

Richardson, Texas

#86 Apr 10, 2011
Caltrop wrote:
All the while, Exxon profits are up 53%!
And what should they be?

Still a smaller profit margin than most businesses at 6%

Since: May 10

Location hidden

#87 Apr 10, 2011
MJayM wrote:
<quoted text>
And what should they be?
Still a smaller profit margin than most businesses at 6%
What? 53% is SMALLER than 6%?? Did I miss something. I'm a little old, so maybe....
CornDogz

Arlington, TX

#88 Apr 10, 2011
Caltrop wrote:
All the while, Exxon profits are up 53%!
The profits are something that has always intrigued me, where so many excuses are given to make price increases more acceptable, yet the newspapers tout the excessive profits annually, and the people as well as Gvmt seem totally apathetic and oblivious to it. And within all that mess, there is always all the gasoline available one needs.

Since: May 10

Location hidden

#89 Apr 10, 2011
CornDogz wrote:
<quoted text>
The profits are something that has always intrigued me, where so many excuses are given to make price increases more acceptable, yet the newspapers tout the excessive profits annually, and the people as well as Gvmt seem totally apathetic and oblivious to it. And within all that mess, there is always all the gasoline available one needs.
Remember back when the government regulated the price of gasoline? I think we paid about 30 cents a gallon in the early 60's.

You wanna see something, check out this guys chart of gasoline prices he's paid in Ft Worth since 1979 (1184 fill-ups): Then, tell me what profession you guess he might work in....

http://www.randomuseless.info/gasprice/gaspri...
ZIAmouth

Santa Fe, NM

#90 Apr 10, 2011
Profit margins vary by industry. In oil its around 8 to 9%. That's not high. Higher prices for oil encourage investment thus generate higher profits once new wells are drilled and fields are developed. Also encourage use of high cost recovery methods to extract more oil from old wells. The oil industry also likes to cap wells when prices are low and then uncap them when prices rise. The oil business is in the business of supplying oil. I want gasoline for my car so I will pay the going rate whatever that may be. The government should not be involved in capping profits or interfering with market forces.

“Pet me or I'll bite you”

Since: Jul 07

Richardson, Texas

#91 Apr 10, 2011
Caltrop wrote:
<quoted text>
What? 53% is SMALLER than 6%?? Did I miss something. I'm a little old, so maybe....
Oh Heavens, are you using the first grade class' computer?

I spoke of profit margin, something every business measures before they hire employees. And idiots.

53% is not their margin, it's their comparative profit in raw numbers versus last year during the market fall...including commodities like oil that were down.

Most grocery stores operate on a 2% margin. Dry cleaners around 12%. Donut shops close to 15%. Franchises around 7%. Insurance companies are regulated at 8%. Government union jobs are 93% and up, because there is no investment to make a profit, only a carrying cost of expense. Real estate usually around 10%, but like equities, varies widely.

Oil companies are in the bottom third of large companies' profit margin averages.

“Pet me or I'll bite you”

Since: Jul 07

Richardson, Texas

#92 Apr 10, 2011
Caltrop wrote:
<quoted text>
Remember back when the government regulated the price of gasoline? I think we paid about 30 cents a gallon in the early 60's.
You wanna see something, check out this guys chart of gasoline prices he's paid in Ft Worth since 1979 (1184 fill-ups): Then, tell me what profession you guess he might work in....
http://www.randomuseless.info/gasprice/gaspri...
Good gosh, I'm afraid you are the economics advisor for the Obama administration.

Compare what $1.40 bought in 1979 and what it buys now. Your gas is actually still cheaper than your milk, car, home, and phone. What's more expensive, by about 20%, is your health care. Your gas is not much better in quality, but your health care is.

Get rid of your internet, computer, cable, your cellphone.... and I bet in comparison to 1979 your gas won't touch your budget.

“Keeping the Peace”

Since: Mar 11

Location hidden

#93 May 5, 2017
MJayM wrote:
<quoted text>

Good gosh, I'm afraid you are the economics advisor for the Obama administration.

Compare what $1.40 bought in 1979 and what it buys now. Your gas is actually still cheaper than your milk, car, home, and phone. What's more expensive, by about 20%, is your health care. Your gas is not much better in quality, but your health care is.

Get rid of your internet, computer, cable, your cellphone.... and I bet in comparison to 1979 your gas won't touch your budget.
This is true
TrueCon

Fort Smith, AR

#98 Jun 5, 2017
This is the Texas Panhandle! High oil prices are good for the economy and local jobs. The more expensive oil is the more black gold they'll be searching for. We should only be so lucky as to have $3/gallon gas.
ThomasA

Guntersville, AL

#100 Jun 7, 2017
Ishalim wrote:
<quoted text>

Gasoline for transportation is down compared to 1960s & 70s. Vehicles getting better milage now & technology for electric vehicles becoming nore advanced. Many oil producing countries switching to other energy sources.
Since gas use is down and gas taxes pay for the highways and Interstates, either we will get stuck with higher fuel taxes or live with potholes and crumbling bridges UNLESS Washington can find another source of money. There have been several reports on the evening news about rusty unsafe bridges ready to fall but there are no alternate routes and no money to fix what's there. Which bridge will be next?
The truth

Albuquerque, NM

#101 Jun 7, 2017
Gas should have DOUBLE the state tax.
This targets those who waste.
Disturbed

Lubbock, TX

#104 Jun 9, 2017
MJayM wrote:
Gas was $1.68 on inauguration, oh, I mean "Immaculation" day.
1.99 here in lubbock... with discount at united only 1.69.....

And NM wants to add 20 cents tax to nm gas price.......... yuck.....
Disturbed

Lubbock, TX

#105 Jun 9, 2017
MJayM wrote:
<quoted text>

Oh Heavens, are you using the first grade class' computer?

I spoke of profit margin, something every business measures before they hire employees. And idiots.

53% is not their margin, it's their comparative profit in raw numbers versus last year during the market fall...including commodities like oil that were down.

Most grocery stores operate on a 2% margin. Dry cleaners around 12%. Donut shops close to 15%. Franchises around 7%. Insurance companies are regulated at 8%. Government union jobs are 93% and up, because there is no investment to make a profit, only a carrying cost of expense. Real estate usually around 10%, but like equities, varies widely.

Oil companies are in the bottom third of large companies' profit margin averages.
Thanks for the class.... NM High Schools should have a class that teaches students how to live, but they don't.(HS graduation rate is only about 60%)
ThomasA

Guntersville, AL

#107 Jun 11, 2017
Franki wrote:
<quoted text>

Just returned from California gas at $3.89 gallon.
OUCH!!!!! We're paying $1.98 cheapo to $2.05 Brand Name . Marinas are $3.50 to $4.00 for regular so the red tanks coming on the docks in the middle of the night against the rules are well worth the try!
ThomasA

Guntersville, AL

#109 Jun 13, 2017
Kronck wrote:
<quoted text>

Wow! Look for thieves to start stealing it from cars.
Look? It's been a nightly event for a while. Locking gas cap sales have done well. People really get pissed off when the clerk won't turn on the pump without a pre-pay but it's just not worth the risk of a drive-off without paying. Can't trust the public any more!
Well Well

Pomona, CA

#112 Jun 21, 2017
They say I had to enter a lottery to solo it down the Colorado rapids. They said I made it to Lake Mead. How the hell would I know. I've been dead for twenty some years. They say man landed on the moon did he. I missed out on life instead lived life comatose. Boy am I pissed. They say my kayack was never found or my life jacket. They did retrieve my left arm and right leg and my left hand, yeah go ahead make fun. PARTY AT THE RIVER SUMMER 2017 River Rats Rock

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Amarillo Discussions

Title Updated Last By Comments
Castor Pollux dog food alert Jan 11 No more castor ... 2
Looking for a good time tonight Jan 8 Oprah Winfrey 2
trying hard to confirm a rumor about big john h... (Jul '08) Jan 1 Billie welty 30
Surname "Reed" Dec 26 Adriansnana2014 1
shelly buckaloo (Oct '16) Dec '17 Sissy-lala 3
Review: Adult Video Gallery-Paramount (Oct '11) Nov '17 bob john 14
News Happy VFD uses $200K grant to replace 1985 tanker Nov '17 Jerry Sims 1

Amarillo Jobs

More from around the web

Personal Finance

Amarillo Mortgages