How do you punish Big Oil?

[carajo]

Originally Posted by Blackcoog

I use the cheapest oil I can find when I break in new motors. I've actually been fairly impressed with Walmarts supertech products.

And after you break them in? Or is that the only time you put oil in your car?

[NorCalCoug]

Originally Posted by carajo

They make their money selling stuff like Mobil1 at a huge markup.

Everybody in here using the cheapest motor oil they can find? Come on, let's have a show of hands...

***** all you want, but you contribute more there than at the gas pump.

Mobil 1 isn't even a true full synthetic- it still contains dino oil.

A full oil-change of Amsoil 0-30 100% full synthetic that will last you 20-30,000 miles costs $60, assuming you use 6 quarts to avoid spinning a bearing.

A single tank of gas that lasts me 340 miles costs me $60.

I think I'm spending a little more on gas than oil in that 20-30,000 miles.

[MOMO]

Originally Posted by NorCalCoug

Mobil 1 isn't even a true full synthetic- it still contains dino oil.

A full oil-change of Amsoil 0-30 100% full synthetic that will last you 20-30,000 miles costs $60, assuming you use 6 quarts to avoid spinning a bearing.

A single tank of gas that lasts me 340 miles costs me $60.

I think I'm spending a little more on gas than oil in that 20-30,000 miles.

same here.
except i spend over 100 bucks to fill up my tank.

[carajo]

Originally Posted by NorCalCoug

Mobil 1 isn't even a true full synthetic- it still contains dino oil.

A full oil-change of Amsoil 0-30 100% full synthetic that will last you 20-30,000 miles costs $60, assuming you use 6 quarts to avoid spinning a bearing.

A single tank of gas that lasts me 340 miles costs me $60.

I think I'm spending a little more on gas than oil in that 20-30,000 miles.

What does that matter, that it's not fully synthetic? Profit's profit to Mobil or Amsoil or Hess etc. On those 30,000 miles, if they're taking a 1% profit on gas, they're making $52. And in that 6 little quarts they sold to you, they're making probably close to that much in profit. When you're looking at volume, they have to sell a lot more gas to make that profit than oil. And most people change their oil every 5,000 miles. Even though they're not getting the hi-test oil, it's still a lot less volume for Mobil to produce the same profit.

[TrackCat]

when a company posts PROFITS thats means they are profiing I know it's a new concept.

Originally Posted by work_in_progress

As far as I know the gas companies are not really making a profit off of this since the oil itself is what's so freeking expensive. Even refineries are at a crunch. One I work at is apparently selling off some stuff and out of budget for projects around the plant itself. And if I'm right, this all started because some douche said something one day (real exact, I know) and then oil futures went up the next.

Sick what's happeneing tho. What the heck caused that court to halve their dues?

[MOMO]

Originally Posted by carajo

What does that matter, that it's not fully synthetic? Profit's profit to Mobil or Amsoil or Hess etc. On those 30,000 miles, if they're taking a 1% profit on gas, they're making $52. And in that 6 little quarts they sold to you, they're making probably close to that much in profit. When you're looking at volume, they have to sell a lot more gas to make that profit than oil. And most people change their oil every 5,000 miles. Even though they're not getting the hi-test oil, it's still a lot less volume for Mobil to produce the same profit.

fully synthetic means there is no connection whatsoever between the stuff that comes out of the ground...

[burton160w]

I don't know about your areas, but where I live in south Jersey it really seems like gas prices are starting to drop. For about the past two months, prices had stagnated around $3.95-$3.99

Now yesterday I saw $3.89 at my local Petro (which usually costs a lot thanks to being off the NJT) and in Willingboro it was $3.83

It's funny, because the price drops coincide with the recent news reports that people are changing their driving habits. Now call me crazy, but the Law of Demand states that as the demand for a market drops, so does the price... hmm. Even oil isn't immune to such laws.

Speculation of price is only a small part of the game. It's really how the world market plays out as a whole. What the higher prices will do is drive up the demand for alternative energy and more fuel efficient cars. You're seeing this already with the drop in sales of F150s and Hummers. The cheap prices of the 90s contributed to the rise of SUVs in the United States.


Now for the individual, it sucks at the time being. No one wants to pay this much, but just as always - the market will balance itself out. It won't go to the $1.80, but thats market equilibrium for you.

Oh and

:raises hand:

Advanced Auto Parts oil FTW!