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Ever since 2020 and what happened then (and obviously continuing today) we fail to realize that historically "big gas" only makes a 6% margin, even now and inflation it still hasnt increased that much like 10% and 8% for the top two. So bottom line these are public companies they cant operate at a loss, if we want to have gas, we need them, and 6% for what they do is nothing. I cant answer your question specifically, only suggest their are way more profitable companies then big gas, like they aren't even in top twenty or thirty industries unless you jump on and off the ship at the right time.
| Oil/Gas (Integrated) | 4 | 36.08% | 8.30% | 11.56% | 11.25% | 8.07% | 11.57% | 8.30% | 11.58% | 8.31% | 21.67% | 30.25% | 21.92% | 63.92% | 0.25% | 8.58% | 0.31% | 0.97% |
| Oil/Gas (Production and Exploration) | 142 | 57.19% | 14.63% | 26.32% | 25.42% | 23.72% | 25.82% | 24.10% | 25.75% | 24.03% | 43.21% | 48.39% | 43.43% | 42.81% | 0.22% | 5.18% | 0.90% | 2.85% |
| Oil/Gas Distribution | 23 | 43.37% | 13.35% | 26.56% | 25.78% | 23.42% | 26.06% | 23.67% | 26.05% | 23.67% | 32.74% | 39.62% | 32.75% | 56.63% | 0.01% | 6.88% | 0.78% | 1.23% |
| Oilfield Svcs/Equip. | 97 | 11.09% | 2.34% |
We are not close to that 2008 price, not close to 2022 price yet, who knows. The difference is once the crisis is over conditions are such that prices will drop like a rock. Just prior to this crisis prices were lower then the last 4 years. It would take two weeks to show up in the market. But this is a volatile business, it has potential to be the worst gas crisis since 1972, still remember that one. My guess they would nationalize the supply to prevent that. I just paid 5.69 yesterday and that was at budget Costco, so some people use gas to fund whatever they are funding these days, more fraud then policies around here anyway.
Wow. I just paid $3.99 per gallon for Premium at Costco. Closer to my house is a Kwik Star (same as Kwik Trip), and their premium was $4.79, so I thought $3.99 wasn't too bad. Your comment here really makes me feel better.
im not blaming oil companies, actually i'm blaming everyone after them involved with oil. too many hands in the pot.
I've read that, and I simply don't understand why we have to pay so much for fuel. It seems to me that if our country is rich in oil, then so should the people, the country's owners. Why can't we sell our oil to our refineries at the cost of harvesting the oil? If anyone understands oil pricing, please share. I've wondered about pricing like forever.
Capitalism. Great concept.
