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Money Money Money... Finances, money, investing, saving, getting a job, anything to do with the green stuff that makes the world go around.

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  #1   Add cocacola14 to your ignore list  
Old 2008-11-12, 23:30
cocacola14 cocacola14 is online now
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Lightbulb Stockpiling gas

Gas is probably low as it's gonna be right now (1.98 in my area). I was just thinking would if I had one of those huge tanks farmers have and filled it with gas right now and then wait for it to get higher, then sell it to people for a discouted price, but still higher than what I paid for it. That could get you some good money I'd image...
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  #2   Add grusomhat to your ignore list  
Old 2008-11-13, 00:41
grusomhat grusomhat is offline
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Default Re: Stockpiling gas

Quote:
Originally Posted by cocacola14 View Post
Gas is probably low as it's gonna be right now (1.98 in my area). I was just thinking would if I had one of those huge tanks farmers have and filled it with gas right now and then wait for it to get higher, then sell it to people for a discouted price, but still higher than what I paid for it. That could get you some good money I'd image...
It was been bought up before from what I remember. To make any sort of decent profit you would have to buy a lot of it. To store gas in volume, you need a hazerdous goods storage license.

And to store it all you would need something of substantial size, ie: Big ass container; Those aren't cheap! That would be a big investment.

You would also need a way of transporting it from the servo to your storage which would involve multiple containers/trips.

Basically it would be a poor investment if you look at it that way.

You would also need to wait for petrol to come back up to a decent price before you could sell it on for a discounted price but still make good profit. You'll want to make 20c + a litre before it would be worth selling it. Time spent waiting would mean there's the petrol sitting there going stale.

To top it all off, petrol will most likely go down another 10-20 cents before you start seeing it come back up.

As mentioned last time this was bought up, you would be better off storing large quantities and having it for personal use. you won't make money, but you would save more than what you would of made.
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  #3   Add SLP to your ignore list  
Old 2008-11-13, 05:30
SLP SLP is offline
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Default Re: Stockpiling gas

A more reliable idea is acquiring agricultural fuel and selling it to motorists.

I don't think it is possible to do in Australia any more.
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  #4   Add antonio123 to your ignore list  
Old 2008-11-13, 06:04
antonio123 antonio123 is offline
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Default Re: Stockpiling gas

if one was to fill a giant container up with gas adn save it for personal use in teh future lets say 6months-1 year would it effect the gas since its been sitting there for so long?
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  #5   Add SLP to your ignore list  
Old 2008-11-13, 06:25
SLP SLP is offline
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Default Re: Stockpiling gas

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Originally Posted by antonio123 View Post
if one was to fill a giant container up with gas adn save it for personal use in teh future lets say 6months-1 year would it effect the gas since its been sitting there for so long?
No. It has been sitting in the ground for thousands of years.

The only concern would be condensation forming on the inside of the tank. You will have to pump in dehumidified air.
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  #6   Add Vispilio to your ignore list  
Old 2008-11-13, 06:33
Vispilio Vispilio is offline
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Default Re: Stockpiling gas

My father told me gasoline turns to varnish if it sits for too long. He could have been full of shit.

OP - Cut down on your investment costs and store the gasoline in several of those big styrofoam ice chests they sell at supermarkets for like five bucks each. Keep the ice chests somewhere out of sight, like in your garage near your hot water heater. You'll be all set to profit.
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  #7   Add fillup to your ignore list  
Old 2008-11-13, 22:32
fillup fillup is offline
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Default Re: Stockpiling gas

gas goes stale after awhile. Idk how long but ive heard it happens.
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  #8   Add Kbasa to your ignore list  
Old 2008-11-14, 05:11
Kbasa Kbasa is online now
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Default Re: Stockpiling gas

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Originally Posted by Vispilio View Post
My father told me gasoline turns to varnish if it sits for too long. He could have been full of shit.

OP - Cut down on your investment costs and store the gasoline in several of those big styrofoam ice chests they sell at supermarkets for like five bucks each. Keep the ice chests somewhere out of sight, like in your garage near your hot water heater. You'll be all set to profit.
this
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  #9   Add Syndicate_Pie to your ignore list  
Old 2008-11-15, 21:18
Syndicate_Pie Syndicate_Pie is offline
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Talking Re: Stockpiling gas

Quote:
Originally Posted by Vispilio View Post
OP - Cut down on your investment costs and store the gasoline in several of those big styrofoam ice chests they sell at supermarkets for like five bucks each. Keep the ice chests somewhere out of sight, like in your garage near your hot water heater. You'll be all set to profit.
lol hydrocarbons
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  #10   Add Clover to your ignore list  
Old 2008-11-16, 00:40
Clover Clover is online now
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Arrow Re: Stockpiling gas

I'm pretty sure it's illegal, because you could make something with it. Gas stations will limit you; you can't take a 55 gallon drum and fill it up, that's for sure.
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  #11   Add StoopidN00b to your ignore list  
Old 2008-11-16, 01:53
StoopidN00b StoopidN00b is offline
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Default Re: Stockpiling gas

Quote:
Originally Posted by Vispilio View Post
My father told me gasoline turns to varnish if it sits for too long. He could have been full of shit.

OP - Cut down on your investment costs and store the gasoline in several of those big styrofoam ice chests they sell at supermarkets for like five bucks each. Keep the ice chests somewhere out of sight, like in your garage near your hot water heater. You'll be all set to profit.
Gasoline stored in styrofoam=profit?

Try it.....lmao

Gasoline disolves Styrofoam.

STFU acolyte
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  #12   Add hippopotamus to your ignore list  
Old 2008-11-16, 02:30
hippopotamus hippopotamus is offline
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Default Re: Stockpiling gas

Gasoline does lose its integrity after about 6 months of sitting. It breaks down to some degree and can lead to varnish in fuel lines. Fuel stabilizers such as STA-BIL help prevent this occurrence, but you would need about one 10 oz. bottle for 25 gallons. The price to keep gasoline stable would cut into your profit if you intend to store a large amount of gasoline for any extended period of time.
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  #13   Add ComradeAsh to your ignore list  
Old 2008-11-16, 04:02
ComradeAsh ComradeAsh is offline
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Default Re: Stockpiling gas

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Originally Posted by StoopidN00b View Post
Gasoline stored in styrofoam=profit?

Try it.....lmao

Gasoline disolves Styrofoam.

STFU acolyte
And its like, we didn't know that already?
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  #14   Add grusomhat to your ignore list  
Old 2008-11-16, 05:14
grusomhat grusomhat is offline
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Cya
Default Re: Stockpiling gas

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Originally Posted by Clover View Post
I'm pretty sure it's illegal, because you could make something with it. Gas stations will limit you; you can't take a 55 gallon drum and fill it up, that's for sure.
Sure you can, they sell, you buy. There's no laws saying you can't buy gas in copious quantities.
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  #15   Add whocares123 to your ignore list  
Old 2008-11-16, 06:34
whocares123 whocares123 is offline
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Default Re: Stockpiling gas

I've thought about doing this but just for personal use. Assuming I work in town again next summer, I'll probably drive less than 1000 miles all summer total. I got an 18 gallon tank and the car gets a paltry 14 mpg. So I would need about...71 gallons. I saw gas for $1.85 recently. It's definitely going to be higher than that come summer time, and if last summer is any indication of this summer, it's going to be around $3.80 on average.

71 gal at $1.85/gal is $135.

71 gal at $3.80/gal is $270.

Savings of $135...cutting the price in half.

Hmm...I wonder how much two 55 gallon drums would cost me...$20 each maybe? If I saved $100 on gas over the whole summer, this could very well be worth it.

Oh and they sell fuel stabilizer to prevent gas from going "stale."

edit: http://store.bayteccontainers.com/rechigdenpol.html

$60?? Well shit. I'm sure used cheaper ones can be found...
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  #16   Add SLP to your ignore list  
Old 2008-11-16, 06:43
SLP SLP is offline
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NSFW, Australia
Default Re: Stockpiling gas

You should find 44/55 gallon drums for free. Look around airports.
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  #17   Add StoopidN00b to your ignore list  
Old 2008-11-17, 04:19
StoopidN00b StoopidN00b is offline
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Default Re: Stockpiling gas

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Originally Posted by ComradeAsh View Post
And its like, we didn't know that already?
If you understand basic english you can see that my quote was directed to the person who was planing on doing it.......Not everyone else.....Not my fault I was the first one to say it......Now before we turn the post into an arguement....shut your fucking Cum catcher.
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  #18   Add xilikeeggs0 to your ignore list  
Old 2008-11-17, 06:21
xilikeeggs0 xilikeeggs0 is offline
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Exclamation Re: Stockpiling gas

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Originally Posted by Clover View Post
I'm pretty sure it's illegal, because you could make something with it. Gas stations will limit you; you can't take a 55 gallon drum and fill it up, that's for sure.
I know people who have trucks with gas tanks that are bigger than 55 gallons.
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  #19   Add Vispilio to your ignore list  
Old 2008-11-17, 09:23
Vispilio Vispilio is offline
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California
Default Re: Stockpiling gas

Quote:
Originally Posted by Vispilio View Post
My father told me gasoline turns to varnish if it sits for too long. He could have been full of shit.

OP - Cut down on your investment costs and store the gasoline in several of those big styrofoam ice chests they sell at supermarkets for like five bucks each. Keep the ice chests somewhere out of sight, like in your garage near your hot water heater. You'll be all set to profit.

Quote:
Originally Posted by StoopidN00b View Post
Gasoline stored in styrofoam=profit?

Try it.....lmao

Gasoline disolves Styrofoam.

STFU acolyte
You slow-witted bitch. Are you seriously that fucking stupid that you can't pick up on flagrant sarcasm? Obviously gasoline disolves styrofoam, and it should be apparent, even to a mentally challenged child, that storing copious amounts of a flammable substance near to a hot water heater is a bad idea. Please pull your head out of your ass and think before you place your dirty fingers on the keyboard.

I'm an acolyte, yet I'll continue to post and eventually become a regular. Sadly, you're situation as a dumb cunt isn't as easy to rectify.
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  #20   Add Clover to your ignore list  
Old 2008-11-17, 15:08
Clover Clover is offline
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Arrow Re: Stockpiling gas

Quote:
Originally Posted by grusomhat View Post
Sure you can, they sell, you buy. There's no laws saying you can't buy gas in copious quantities.

Take a 55 gallon drum to a gas station and try to fill it. I guarntee that you won't.
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  #21   Add Vispilio to your ignore list  
Old 2008-11-17, 17:40
Vispilio Vispilio is offline
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California
Default Re: Stockpiling gas

Quote:
Originally Posted by Clover View Post
Take a 55 gallon drum to a gas station and try to fill it. I guarntee that you won't.
At the station where I used to work there was a guy who'd come and fill some big ass tank with diesel for his company. You could definetely fill up a 55 gallon drum at a gas station, but you might want to talk to the attendant first to make sure that they're cool with it. It'll also take a while as the pumps shut off like at $50.00 or $75.00.
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  #22   Add ComradeAsh to your ignore list  
Old 2008-11-18, 02:34
ComradeAsh ComradeAsh is offline
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Default Re: Stockpiling gas

Quote:
Originally Posted by Vispilio View Post
You slow-witted bitch. Are you seriously that fucking stupid that you can't pick up on flagrant sarcasm? Obviously gasoline disolves styrofoam, and it should be apparent, even to a mentally challenged child, that storing copious amounts of a flammable substance near to a hot water heater is a bad idea. Please pull your head out of your ass and think before you place your dirty fingers on the keyboard.

I'm an acolyte, yet I'll continue to post and eventually become a regular. Sadly, you're situation as a dumb cunt isn't as easy to rectify.
I like this one. Can we keep him pa?
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  #23   Add Sponsored Link to your ignore list  
Old 2008-11-18, 03:39
Sponsored Link Sponsored Link is offline
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Default Re: Stockpiling gas

Up until about post 10 I thought I was in Bad Ideas.
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  #24   Add Hit-The-Bong to your ignore list  
Old 2008-11-18, 04:01
Hit-The-Bong Hit-The-Bong is offline
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Default Re: Stockpiling gas

Quote:
Originally Posted by antonio123 View Post
if one was to fill a giant container up with gas adn save it for personal use in teh future lets say 6months-1 year would it effect the gas since its been sitting there for so long?
You could potentially lose some of the aromatic hydrocarbons, which as I understand it is the important (flammable) part of the gas.
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  #25   Add SLP to your ignore list  
Old 2008-11-18, 05:39
SLP SLP is offline
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NSFW, Australia
Default Re: Stockpiling gas

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Originally Posted by Hit-The-Bong View Post
You could potentially lose some of the aromatic hydrocarbons, which as I understand it is the important (flammable) part of the gas.
Most aromatic hydrocarbons are carcinogenic. While they are flammable, the amount in petrol is negligible.

Petrol can go 'stale' if not left in a full container. The lighter components waft away, oxidation and condensation can occur..

As long as it is left in a full container it will be fine. If you are really worried about contamination then use a filter.

After all, hasn't the oil been in the ground for millions of years?
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  #26   Add LS-9 to your ignore list  
Old 2008-11-20, 23:06
LS-9 LS-9 is offline
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Columbus, OH
Default Re: Stockpiling gas

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Originally Posted by SLP View Post
Most aromatic hydrocarbons are carcinogenic. While they are flammable, the amount in petrol is negligible.

Petrol can go 'stale' if not left in a full container. The lighter components waft away, oxidation and condensation can occur..

As long as it is left in a full container it will be fine. If you are really worried about contamination then use a filter.

After all, hasn't the oil been in the ground for millions of years?
Oil, not gas. Gas is extremely refined and volatile compared to regular crude.
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  #27   Add 556 to your ignore list  
Old 2008-11-21, 01:06
556 556 is offline
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Default Re: Stockpiling gas

1. how the fuck do you intend on getting it into people gas tanks

2. how the fuck do you intend on keeping an eye on how much goes into each persons tank?

too many flaws..
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  #28   Add 556 to your ignore list  
Old 2008-11-21, 01:07
556 556 is offline
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Default Re: Stockpiling gas

Quote:
Originally Posted by Vispilio View Post
At the station where I used to work there was a guy who'd come and fill some big ass tank with diesel for his company. You could definetely fill up a 55 gallon drum at a gas station, but you might want to talk to the attendant first to make sure that they're cool with it. It'll also take a while as the pumps shut off like at $50.00 or $75.00.
maybe in cali they shut off. i've seen people around here put $200+ in their boats.
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  #29   Add OdayJuarez to your ignore list  
Old 2008-11-21, 01:21
OdayJuarez OdayJuarez is offline
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Default Re: Stockpiling gas

Buy crude. Who needs to invade the sudan when you can just give black people mortgages and stock up after the resulting deflationary tailspin?
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  #30   Add Sponsored Link to your ignore list  
Old 2008-11-21, 01:35
Sponsored Link Sponsored Link is offline
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Default Re: Stockpiling gas

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Originally Posted by 556 View Post
maybe in cali they shut off. i've seen people around here put $200+ in their boats.
200? Do you have any idea how much goes in a 30 footer?
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  #31   Add The Last MentleGam to your ignore list  
Old 2008-11-21, 01:49
The Last MentleGam The Last MentleGam is offline
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Default Re: Stockpiling gas

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Originally Posted by SLP View Post
No. It has been sitting in the ground for thousands of years.

The only concern would be condensation forming on the inside of the tank. You will have to pump in dehumidified air.
oil != gas
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  #32   Add Transparent to your ignore list  
Old 2008-11-22, 23:51
Transparent Transparent is offline
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Default Re: Stockpiling gas

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Originally Posted by 556 View Post
1. how the fuck do you intend on getting it into people gas tanks

2. how the fuck do you intend on keeping an eye on how much goes into each persons tank?

too many flaws..
A siphoning pump answers your first question.
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  #33   Add grusomhat to your ignore list  
Old 2008-11-23, 05:22
grusomhat grusomhat is offline
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Cya
Default Re: Stockpiling gas

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Originally Posted by Transparent View Post
A siphoning pump answers your first question.
Good lord that would take for ever.
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  #34   Add 556 to your ignore list  
Old 2008-11-23, 05:52
556 556 is offline
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Default Re: Stockpiling gas

It's Always Sunny in Philiadalphia.
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  #35   Add poofeek to your ignore list  
Old 2008-11-24, 21:44
poofeek poofeek is offline
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Default Re: Stockpiling gas

fill up a whole truck full and bring it down to ny and sell it at 2.40 a gallon.
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  #36   Add stash the weed to your ignore list  
Old 2008-11-28, 01:52
stash the weed stash the weed is offline
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Default Re: Stockpiling gas

theres places called gas banks. you pre buy bulk gas and pay a fixed rate based on the current price of gas. they had this on the news while ago and some people are still paying 89 cents per gallon because they paid for it a long time ago.
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