The next time you want to sell some old gold jewelry, you can just take it to your nearest Kmart or Sears. The retailers have announced a partnership with something called Pro Gold Network, which basically amounts to, “You can pick up a mailer and instructions at our jewelry departments.” Remember, though, that mail-in services almost always pay less than what you can get locally from a jeweler or pawn shop, or by selling to a refinery directly. Here’s what Pro Gold Network will pay so you can compare rates. [More]
Did you know that gas price gouging almost never occurs as prices rise? Rather, it’s most often when dealers keep prices artificially high even as their costs fall. As gas costs were near $5 a gallon until falling and oil companies earn around $100 billion each year, it’s a good time to question what really goes into the price of gas. The numbers on the gas station sign hide a complex set of transactions. Before gas can power your car, it must be discovered as crude oil, traverse three markets, and be refined from crude into gas. Inside, we’ll explain the three markets, walk you through the role of refineries, and show how oil companies use creative tactics to manipulate gas prices…
Did you know that gas price gouging almost never occurs as prices rise? Rather, it’s most often when dealers keep prices artificially high even as their costs fall.
As quarterly earnings rolled in yesterday, Exxon announced it earned $8 billion in profits. The oil company earned 9.5 cents per dollar of gas, “cashing in on skyrocketing prices at every stage of the process,” reports MSNBC.