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The Water Cooler
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Gas War
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<blockquote data-quote="SlugSlinger" data-source="post: 4133711" data-attributes="member: 7248"><p>Not to mention the refineries are local and transportation closts are lower. Qt is making hundreds of millions a month. I talk to a couple accounting and finance folks who are current or recent exqt employees regularly. They have a large department dedicated to making the most profit per gallon as possible.</p><p>The most recent gas spike was qt taking advantage of a potential shortage due to refinery capacity temporarily dropping. Well it didn’t happen and qt made a killing. They were selling gas for 3.79 while future prices were around 2.30. Add in transportation and taxes, they were still making over a dollar a gallon.</p></blockquote><p></p>
[QUOTE="SlugSlinger, post: 4133711, member: 7248"] Not to mention the refineries are local and transportation closts are lower. Qt is making hundreds of millions a month. I talk to a couple accounting and finance folks who are current or recent exqt employees regularly. They have a large department dedicated to making the most profit per gallon as possible. The most recent gas spike was qt taking advantage of a potential shortage due to refinery capacity temporarily dropping. Well it didn’t happen and qt made a killing. They were selling gas for 3.79 while future prices were around 2.30. Add in transportation and taxes, they were still making over a dollar a gallon. [/QUOTE]
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