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$100.88
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...05primerM.html 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...comparison.htm |
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