On Feb 28, 4:57�am, Short Wave Sportfishing
wrote:
On Thu, 28 Feb 2008 07:46:23 -0500, BAR wrote:
D.Duck wrote:
"BAR" wrote in message
...
Chuck Gould wrote:
On Feb 27, 5:05?pm, "Sam" wrote:

While I think it already is a free and competitive market, what changes
would you propose?- Hide quoted text -

The same measures that were taken against other vertically integrated
oligarchies in the past. Power, phone, water, etc.
[ Big Snip ]

You want prices controls and regulation.

Why don't we limit profit to 1% on everything. One percent profit should
be enough shouldn't it?

Why do you believe in a free market when it comes to selling boats and
cars but not when it comes to selling oil.

What I want to know is why is gasoline at the pump so cheap compared to
the cost of a bbl of crude? When oil was $50 a bbl we were paying $3 per
gallon of gas and now that oil is $100 a bbl we are still paying $3 per
gallon. Why?

I think you're a little off on the price of gas vs. crude. �AT $50/bbl crude
gas was in the $2.00 area. �The two don't track one for one and I believe a
lot of the differential is conjured up in the trading pits.

Interesting reading:
http://www.eia.doe.gov/bookshelf/bro...esprimer/eia1_...

I am trying to find information regarding the cost of crude and the cost
of gasoline for the last 20 years.

http://inflationdata.com/inflation/I...l_price_co...- Hide quoted text -

- Show quoted text -

Nice chart, but wow! Just look at how things have changed since 2006.
In 2006, the oil companies were booking oil into their refineries at
under $50 bbl. Now the oil companies charge themselves $100 a bbl.