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GASOLINE VS CRUDE OIL Ceal Hoskie-Hunt Strayer University Business Enterprise BUS 508 February 18, 2011
is another way but they have to lower the cost per unit and have higher capacity. therefore the majority of oil at sea is transported by tanker ships.2 THE PRICE OF GASOLINE AND CRUDE OIL Introduction Whether it is the Libyan¶s fighting that is rised the price of gas. The biggest element to speed up the production process would be pipeline transport. Pipelines are sometime built under the sea. Oil pipelines are made from steel or plastic tubes with inner diameter typically from 4 to 48 inches (100 to 1.8 m). With all that goes into deep water drilling. duringdifferentseasons?The market is tough in the oil industry.00 to fill up. or the devastation of the climate. Drilling President Obama decided on a six month deep water drilling moratorium. while foreign oil companies profit off of Americans SUV¶s. The pipelines are the most economical way to bring oil. refined oil. Whatever it is the price of gas. or continue prospering. The oil is kept in motion by pump stations along the pipeline. I myself drive a 2004 Eddie Bauer edition Ford Expedition which takes almost 70. because many US companies.91 to 1. and usually flows at speed of about 1 to 6 meters per second (3.3 to 20 . and that makes the demand and process economically and technically demanding. like the oil pipelines. can¶tcreate the same type of product. and oil has been a very hot topic in the last two years or more. The President is getting hit with pressure to issue a permit. With the US government prohibiting deep water drilling the oil companies would defiantly still be in a competitive market. Will the gas companies stop raising their prices. and natural gas over land.200 mm). and the question is will Marathon lose its profits. Most pipelines are buried at a typical depth of about 3 to 6 feet (0. Railroad. the market will be in demand.
Multi product pipeline have no separation between the different products. Many specialists call it coop.3 THE PRICE OF GASOLINE AND CRUDE OIL ft/s). Marathon Profits The profits of Marathon have many strategies.Small changes. and extra material. The press is really pressuring the Obama administration to report that they had put out a drilling permit since the Deepwater Horizon explosion in April 2010. Marathon saves a lot of money by ordering materials in bulk.(www.(http://www. like . no matter what the president proposes. Marathon can get a better price than what they would get if they were buying alone.msn.com/id/37937049/ns/disaster_in_the_gulf/) Marathon has so many options of things to do to save money. That will alleviate a lot of extra stress.msnbc.html) Pipelinesused to transport different products are called multi-product pipelines and they are in used in the same pipeline. first they can minimize the labor time by having corporate advice and overlook some areas of improvement. The domestic deep water drilling is going to always be on top. They also have to make sure not to over buy and having money put into materials to fast and cause cash flow problems. The oil companies can reduce the time of transporting the oil by using the same pipelines.org/business_toolbox. They can also earn profits by collaborating with other oil companies. Another way to Marathon can make money is by buying in bulk and take advantage of the discounts. and price down without losing profits. they have ways to keep the cost.score. and get breaks by getting the same products. Marathon saves a lot of money by avoiding buying material from expensive companies or vendors.
Its one thing to have a great work environment.4 THE PRICE OF GASOLINE AND CRUDE OIL time. this can reduce your costs.com) Doing that can also have some risk. and various farm and other equipment. Gasoline is used for many things. (wordpress. Crude oil and Gasoline One of the main products provided and refined by crude oil is.987 retail gasoline stations throughout the United . trucks. or you still having the fees of insurance and taxes. Gasoline is delivered from oil refineries mainly through pipelines to a massive distribution chain serving estimated 168. recreational vehicles. Last but not least. you have to also have great people running the show. it fuelsautomobiles. workspace. Look at their financialbooks and accounts and find some cut backs. Marathon can minimize some of their expenses. can help out in savings in the long run. boats. If you need to pay $50 an hour. While gasoline is produced year-round. and with Marathon. Marathon could save a substantial amount of money by hiring some minimum wage workers. you can find someone to do the same job for you for $10 an hour. Gasoline. with work not being satisfactory. extra volumes are made in time for summer driving season. Gasoline accounts for just seventeen percent of the energy consumed in the United States. I would recommend hiring a contractor who can work from Marathon. also some of the employees who are in corporate can work from home. Start from the head of the company and trim it on down. They should evaluate everything and see where some excess spending is being done and cut that completely.
but each grade has a different octane level. The price is of gasoline is varied by the grade level. prices of gasoline can change fast due to the crude oil supply disruptions coming from the world events. and also the retain station costs and taxes.the prices still go up and down due to the weather changes and competition between gas stations. when people drive more and use their air conditioning.the cost of crude oil to refiners. Nobody really knows not the blogs. State.gov) The three main grades of gasoline are regular. or the domestic problems such as refinery or pipeline outages.com. Also. Gas prices today are 3. The production and delivery of gas to consumers includes a lot . marketers. all we can do as American is wait and wonder. and premium.5 THE PRICE OF GASOLINE AND CRUDE OIL States.gov) The gas prices fluctuate so often now days that many have turned to alternative methods. marketing and distribution costs. and retail station owners. stopping making a profit off of us. distributors. The price paid by consumers at the pump reflect these costs as well as the profits (and sometimes losses) of refiners. Conclusion The economy has face tremendous up and down through the last five years. will gas station like Marathon. or msnbc. Federal. not wordpress. mid-grade. but most gas stations tend to raise their prices before and during summer.fueleconomy.29 on average.(www.fueleconomy. Crude oil and gasoline . Many ask the question why? When crude oil prices are low and stable. refinery processing costs. Crude oil prices usually are fine seasonally. (www. and local taxes area large component of the retail price of gasoline. Taxes (not including county and local taxes) account for approximately 19 percent of the cost of a gallon of gasoline. or will Obama¶s passing of the off shore water drilling permit het the fellow Americans. but it too will bounce back to be the supreme nation.
aspx .org/business_toolbox.stanford.gov http://www.com/2004/11/19/cz_rk_1119drucker.html http://ecorner.amanet. let stop the usage of foreign oil.html wordpress.com/ www.com/id/37937049/ns/disaster_in_the_gulf/ Karlgaard Rich.score.msnbc.forbes.6 THE PRICE OF GASOLINE AND CRUDE OIL is a huge money maker over seas. Retrieved October 17. Forbes magazine.org/business_toolbox.2010 http://www.org/training/podcasts/James-Kouzes-on-rising-to-the-leadership-challenge08-27.msn.edu/authorMaterialInfo. and maybe we can get out of this deficit.score.html?mid=2363 http://www. (2004) Peter Drucker on Leadership. References http://www.html www.fueleconomy.
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