RE: [Az-Geocaching] Gas Prices

Me being a blonde..HAHA..I try to drive as little as possible. Heck we moved from El Mirage to Phx just to cut down on hubby's 2 hour commute to Williams ex AFB so we didn't use as much gas as we were. I can remember when the gas crunch or rather out of gas crunch hit. I was 7 months pregnant it was like 10:30pm and we were in line at a Diamond Shamrock near Peoria. We waited for 2 hours. Granted that was to fill up the little Toyota. We didn't drive my truck much that summer.
However since then the most $$ I've put in that beast was close to $65 for 1 freaking tank of gas. That was on a drive to CA...that gas in Yuma must have gold in it!!! Needless to say I try not to drive it as much but when it's your only car and you're 1 year away from paying off that $565 a month payment you can damn well bet I'm not buying another vehicle.
I do remember however about 10ish years ago paying .10 a gallon for gas in Oceanside, CA when I lived there. Filled up my little Nissan (which promptly got stolen when I moved back here wonder if they knew about the gas crisis looming on the horizon?) for $1.05. Ahh those were the days.
And I don't mind riding the bus...guess I'm gonna have to break down and do that this summer. Granted I do work from home 3 days a week..and I'm only 15 minutes from work. So I think I'm contributing but I really wish they'd cap the gas prices or find another way to make some $$ rather than gouging for gas prices.
Wonder what the gas prices will be like for my son in 16 years. Bet it'll be like $10 a gallon. Sigh...
Apryl
>From: "Bill Nolan" <bill@freeholder.com>
>Reply-To: listserv@azgeocaching.com, bill@freeholder.com
>To: <listserv@azgeocaching.com>
>Subject: RE: [Az-Geocaching] Gas Prices
>Date: Thu, 10 Mar 2005 08:37:59 -0700
>
>Well, let me just comment on a couple of aspects of retailing.  I have been
>in retail and associated fields for 35 years.
>
>Let's say I have a store that sells gizmos.  I currently have 25 gizmos in
>stock, and I paid $10 each for them.  Since I am a small retailer, I sell
>them for $19.95, which gives me 50% gross profit.  That is considered pretty
>standard for smaller or non-discount retailers.  The big discount stores,
>like Wal-Mart, work on more like 30% to 35% gross profit.
>
>Anyway, let's suppose that I get a new price list from my supplier, and my
>cost for gizmos has gone up to $15, because the dollar has fallen against
>the yen, and gizmos are made in Japan.
>
>Now, if you aren't knowledgeable about retailing, you may think that I will
>need to raise my price as soon as I run out of the gizmos I have in stock,
>but that's wrong.  I actually need to raise my price right now.
>
>Why?  The $20 I get for gizmos represents the 50% I paid for them, and the
>50% I need to run my business.  If I sell my current inventory of 25 gizmos
>for $20 each, I will realize $500 total.  $250 of that is needed to run the
>store, leaving $250 to buy more inventory.  The problem is that $250 will
>only buy about 17 gizmos at the new cost of $15 each, not the 25 I sold.  If
>I continue working like this, pretty soon I don't have enough inventory to
>stay in business.
>
>So, any business has to sell their current inventory for a price that is
>based not on what the current inventory cost, but on what it will cost to
>replace it.
>
>How does this affect gas?  If the price of crude goes up, refineries have to
>immediately raise the price of their current inventory, which means
>wholesalers and retailers have to do the same thing, so the new price hits
>the gas station on the corner pretty quickly.  A gas station can't afford to
>sell their current inventory for less than it will cost to replace it, no
>matter what it cost them to begin with.
>
>I would like to pay less for gas, too, but that doesn't blind me to basic
>business realities.  Besides, we have the cheapest gas in the world.
>
>Bill in Willcox
>
>-----Original Message-----
>From: az-geocaching-bounces@listserv.azgeocaching.com [mailto:az-geocaching-
>
>It went from $1.99 to $2.08 for regular unleaded overnight here.  If there
>is still a myth that those living close to refineries getting lower prices
>on fuel, it's a bunch of crap.  We have 3 refineries in town, and we're
>paying as much right now, if not more than places like Phoenix.
>
>I seem to remember in the past that when crude prices hit new highs it took
>'several weeks' to see the impact on the refined fuel markets.  But I've
>since learned that 'several weeks' translates to approximately 3 days.
>
>
>
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