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Gas is cheap.
- Thread starter woodycook
- Start date
psz
Administrator
Re: Gas is cheap.
Trust me, when the British Pound is high compared to the US Dollar, our costs go up, and our profit DROPS LIKE A BRICK ;->
OTOH, we have customers who buy a LOT more in that situation, from us (They're England-based, afterall). When the dollar is low, buying from the US works out VERY well for them.
Thanks to my work, I always have to keep a close eye on the GBP, the Euro, Brazillian Real, Danish Krone, Chinese Yuan, and Swiss Franc.
The strength of the GBP and the USD can and have caused record profit months, and nearly shut us down.
(And the Yen has historically been considered equivillent to one penny, even though it's traded against the dollar... Hence why 100 yen in Japan generally buys you the same soft drink that $1.00 does in the US)
Serenity;475591 said:Finally, its silly to look at an exchange rate and attempt to work out the value of currency as its not a 1:1 relationship. I doubt very much you could buy 97x more goodies in tokyo than you could for the same amount of money in new york, even though there are currently 97 yen to the dollar
Trust me, when the British Pound is high compared to the US Dollar, our costs go up, and our profit DROPS LIKE A BRICK ;->
OTOH, we have customers who buy a LOT more in that situation, from us (They're England-based, afterall). When the dollar is low, buying from the US works out VERY well for them.
Thanks to my work, I always have to keep a close eye on the GBP, the Euro, Brazillian Real, Danish Krone, Chinese Yuan, and Swiss Franc.
The strength of the GBP and the USD can and have caused record profit months, and nearly shut us down.
(And the Yen has historically been considered equivillent to one penny, even though it's traded against the dollar... Hence why 100 yen in Japan generally buys you the same soft drink that $1.00 does in the US)
KillemallCFH
Page
Re: Gas is cheap.
Just got to $1.99 at one place here in MA. Most are ~$2.05. Which is pretty awesome because I just started driving.
Just got to $1.99 at one place here in MA. Most are ~$2.05. Which is pretty awesome because I just started driving.
Eskeshehir
Knight
Re: Gas is cheap.
$1.65/Litre, back in August. I challenge you to complain that your gas was more expensive.
$1.65/Litre, back in August. I challenge you to complain that your gas was more expensive.
Chamilli0nAir3
Wanderer
Re: Gas is cheap.
1.80 here
1.80 here
Eskeshehir
Knight
Re: Gas is cheap.
I'm talking litre's, Not gallons. Do some math.
I'm talking litre's, Not gallons. Do some math.
psz
Administrator
Re: Gas is cheap.
No, Americans whine when they go from $1.50/gal to $4.10/gal while oil companies are repeatedly obliterating previous profit margins, all while they use Gov't subsidies to buy their own stock back, and thus reduce the amount of money paid out to share holders, and thus keep the profits for themselves.
Mostly it's the $1.50 to $4.10, though :-P
No, Americans whine when they go from $1.50/gal to $4.10/gal while oil companies are repeatedly obliterating previous profit margins, all while they use Gov't subsidies to buy their own stock back, and thus reduce the amount of money paid out to share holders, and thus keep the profits for themselves.
Mostly it's the $1.50 to $4.10, though :-P
Ekse Buddha
Sorceror
Re: Gas is cheap.
Where in Califuxnia are you?
Hyphy Train;475469 said:
Where in Califuxnia are you?
The Mookington
Sorceror
Re: Gas is cheap.
That second part isn't so great.
psz;476345 said:
That second part isn't so great.
Ekse Buddha
Sorceror
Re: Gas is cheap.
Modesto =/ Central valley
Hyphy Train;476410 said:
Modesto =/ Central valley
Ekse Buddha
Sorceror
Re: Gas is cheap.
Tracy is one of those cities that can be great or terrible within 5miles of each other.
Hyphy Train;476711 said:
Tracy is one of those cities that can be great or terrible within 5miles of each other.
got me another 1/4 tank.Dingus-demise
Sorceror
Re: Gas is cheap.
You're a good person.
pbguy434;480396 said:
You're a good person.