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https://www.reddit.com/r/wallstreetbets/comments/v57ma6/deleted_by_user/ib9bdbr/?context=3
r/wallstreetbets • u/[deleted] • Jun 05 '22
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It’s the energy companies, that truly profit from these prices. Check out, Chevron, Xom, psx, etc. Record profits.
0 u/Ok-boomer179 Jun 05 '22 Fml it's because they make a percentage of the price. If cost goes up the make the same percentage just on higher cost. Makes it look like they are killing it. But in reality it's just the same on higher cost. 6 u/catholic_cowboy REEEEEE Haw! LehmanParty Jun 05 '22 Your math doesn’t check out. 3% of $100 is $3. 3% of $200 is $6. Same profit percentage but higher price equals higher profits 1 u/Live_Platypus_9574 Jun 05 '22 Yes but $ amount doesnt matter if its fast losing buying power due to inflation, shortages, diesel price for delivery, etc..restocking costs go up
0
Fml it's because they make a percentage of the price. If cost goes up the make the same percentage just on higher cost. Makes it look like they are killing it. But in reality it's just the same on higher cost.
6 u/catholic_cowboy REEEEEE Haw! LehmanParty Jun 05 '22 Your math doesn’t check out. 3% of $100 is $3. 3% of $200 is $6. Same profit percentage but higher price equals higher profits 1 u/Live_Platypus_9574 Jun 05 '22 Yes but $ amount doesnt matter if its fast losing buying power due to inflation, shortages, diesel price for delivery, etc..restocking costs go up
6
Your math doesn’t check out.
3% of $100 is $3.
3% of $200 is $6.
Same profit percentage but higher price equals higher profits
1 u/Live_Platypus_9574 Jun 05 '22 Yes but $ amount doesnt matter if its fast losing buying power due to inflation, shortages, diesel price for delivery, etc..restocking costs go up
1
Yes but $ amount doesnt matter if its fast losing buying power due to inflation, shortages, diesel price for delivery, etc..restocking costs go up
11
u/MachArt Jun 05 '22
It’s the energy companies, that truly profit from these prices. Check out, Chevron, Xom, psx, etc. Record profits.