Back in December when a barrel of oil was around $40- we were paying around $1.30 a gallon for gas.
As this post is written- a barrel of oil stands at $34.95 yet a gallon of gas in Metro Kansas City has shot-up to around $1.83 per gallon- 50-cents MORE per gallon than when a barrel of oil cost $5 more.
Even in Wichita Monday- gas was 20-cents a gallon cheaper than Kansas City-MO- even with the added 7-cents Kansans pay on state gas taxes.
The oil companies have reduced refinery production to protect their obscene profits.
They are capitalist terrorists- much like the banks and brokarage houses that will put our grandchildrens' grandchildren in hock beyond their necks.
Like the banks and brokerage houses- oil companies should be nationalized. After all- it was the $4-plus per gallon fuel prices last summer that sparked our recession-depression.
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3 comments:
The flaw with your reasoning is that you assume that the price of gasoline, a derivative of raw oil, is directly tied to the price of gas. As your post indicated, you have come to this realization. However, you don't get it.
The price of gasoline is NOT the price of oil. Your car doesn't run on sweet texas crude or north sea oil, or saudi oil. It runs on Gasoline, which is NOT oil.
The price of oil affects the price of gas, but the price of a refined product is different than the material used to make it.
Theres a lot more factors than you are seeing at work.
In the name of disclosure- which oil company do you work for?
That list of "other factors" you mention must have GREED in places 1 through 57.
Now you just sound like some crazy person. I was hoping that a nice explanation would break the crust of these inane gas price rants loose, but it seems to have only exacerbated them.
You know, the idea of driving less comes to mind. If you don't like buying gas, don't. It's not like oxygen or water. You can live without it. We have buses in Kansas City. Carpooling. You have two legs. Bicycles. Get a smaller car. Move closer to work.
Price adjusted for inflation, it's still not that expensive.
But I guess having some reasonable answers makes me part of the oil cartel. Oh well. Pardon me while I cash my trillion dollar checks and do another line of coke of this chicks tits.
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