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Pump Gas vs Crude Oil vs Profits per quarter
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Pump Gas vs Crude Oil vs Profits per quarter

  #1 (permalink)
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Pump Gas vs Crude Oil vs Profits per quarter

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.

Mike

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  #2 (permalink)
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  #3 (permalink)
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What sort of look back are you thinking of?

"If I agreed with you, we'd both be wrong."
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  #4 (permalink)
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BLS

CPI average price data for unleaded gasoline

Notice: Data not available: U.S. Bureau of Labor Statistics

"If I agreed with you, we'd both be wrong."
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  #5 (permalink)
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addchild View Post
What sort of look back are you thinking of?

A couple of years would be sufficient most likely to get started.

Mike

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  #6 (permalink)
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Big Mike View Post
A couple of years would be sufficient most likely to get started.

Mike

Any idea where to find a free company earnings database?

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  #7 (permalink)
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addchild View Post
Any idea where to find a free company earnings database?

Google Finance has some info:
Financial Statements for Exxon Mobil Corporation - Google Finance

Ycharts:
Exxon Mobil Corporation EPS Diluted Quarterly (XOM)

MarketWatch:
XOM Annual Income Statement - Exxon Mobil Corp. Annual Financials

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
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4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
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  #8 (permalink)
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this is where i go Company Search

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  #9 (permalink)
Market Wizard
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Here are weekly or monthly gasoline prices.
U.S. Gasoline and Diesel Retail Prices
Regular Reformulated Areas would be the one to use.

Here are daily, weekly or monthly CL prices.
NYMEX Futures Prices

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  #10 (permalink)
Market Wizard
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This shows that retail prices lag when futures are dropping.
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