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re: California Governor Accuses Valero Of Ripping People Off At The Pump

Posted on 10/26/22 at 1:19 pm to
Posted by Hurricane Mike
Member since Jun 2008
20059 posts
Posted on 10/26/22 at 1:19 pm to
How much is the California gas tax? That’s been ripping people off for decades.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
281843 posts
Posted on 10/26/22 at 1:19 pm to
y.
quote:



Maybe its you who doesnt understand how shite works.


On no, I can at least understand basic economics, unlike yourself.

WHat determines the price you pay for fuel? According to Newsome, they raised their margins? How are they ripping you off?

Why does California have such a shitty poverty rate?

why are the middle class fleeing in droves?

Cal was injected with gubment cash for the defense industry in the 40s and 50's, and the tech industry at the end of last decade. They can't even handle their own middle class.
This post was edited on 10/26/22 at 1:24 pm
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
33794 posts
Posted on 10/26/22 at 1:22 pm to
quote:

i agree that the oil companies are screwing everyone over,


How, very specifically, are they screwing people over?

Be specific.
This post was edited on 10/26/22 at 1:23 pm
Posted by MikeD
Baton Rouge
Member since Jan 2004
7856 posts
Posted on 10/26/22 at 1:24 pm to
quote:

We have a Valero here in my tiny town of 4800. NETx


You don’t get it. Valero doesn’t drill for oil. They are not big oil. They buy it on the open market for the most part and then refine it.
Posted by Beauw
Blanchard
Member since Sep 2007
3856 posts
Posted on 10/26/22 at 1:49 pm to
I wonder what would happen if all the oil companies just stopped selling their product in California.... I feel like a change of heart would occur quickly.
Posted by udtiger
Over your left shoulder
Member since Nov 2006
107629 posts
Posted on 10/26/22 at 2:19 pm to
quote:

If I was oil and gas I would stop delivering to the Commies and then see what happens.


good God that would be so awesome
Posted by LegendInMyMind
Member since Apr 2019
65834 posts
Posted on 10/26/22 at 2:22 pm to
quote:

How much is the California gas tax? That’s been ripping people off for decades.

Taxes and fees to the tune of ~$1.19/gallon.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
39108 posts
Posted on 10/26/22 at 2:41 pm to
quote:

They can do a lot more.


Why?

Their only goal is to sell as much as they can for as high as they can.

Which they are doing.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
39108 posts
Posted on 10/26/22 at 2:43 pm to
quote:

you need larger amounts of profit to reinvest back into the company to grow.


We should be able to easily tell if this is happening, or if they are just paying more in dividends / exec comp.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
39108 posts
Posted on 10/26/22 at 2:47 pm to
quote:

They are not big oil. They buy it on the open market for the most part and then refine it.


Right, Valero is only in downstream. But they are pretty big in downstream.
Posted by VADawg
Wherever
Member since Nov 2011
46860 posts
Posted on 10/26/22 at 2:47 pm to
quote:

If I was oil and gas I would stop delivering to the Commies and then see what happens.


I love this idea, but they would immediately lose all access to capital.
Posted by ForLSU56
Rapides Parish
Member since Feb 2015
5582 posts
Posted on 10/26/22 at 4:14 pm to
I took this picture at a pump in Mendocino Cali back in June. This wasn't the norm, most prices were $6.50 - $7.99.

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