Welcome to NexusFi: the best trading community on the planet, with over 200,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- discounts are available after registering.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I've been wanting to put together an overlay chart which would plot three basic things:
- Average price of gas at the pump
- Price of crude oil
- Return of profits by quarter for some large oil companies such as XOM
Obviously gas prices are more than simply crude oil, but I think it is safe to assume crude is the largest factor.
Unfortunately, I never have time to do such projects. I still think it is useful, not just in terms of seeing how oil companies are screwing people at the pump, but also for projecting future profits of said oil companies -- so there are trading opportunities here. It is my belief that as the price of crude fluctuates, the profit at the oil company is much higher because there is a tendency to relax the retail gas prices at a slower pace after a big spike in crude.
If anyone feels like taking on the project you'll have my appreciation.
