not that simple deri, that is just the demand side,
the suppy side has went up as some of the opec
countries increased the amounts pumped. supply however
did not go up as much as demand. ecconomics can be
complex. theories are simple, but many varibles throws
things off some. 

--- Mike Collis <[log in to unmask]> wrote:

> Ouch! That means a gallon or gas in the U.K. runs
> more than $20. 
> 
> 
> 
> -----Original Message-----
> From: Cerebral Palsy List
> [mailto:[log in to unmask]] On Behalf Of
> Deri James
> Sent: Tuesday, April 25, 2006 6:18 PM
> To: [log in to unmask]
> Subject: Re: Now Let's Change the Subject, Shall We?
> 
> My computer says there are 42 US gallons in a
> petroleum barrel so when crud=
> e=20
> oil hits $84 a barrel  the actual cost will be 50
> cents a gallon. Now we kn=
> ow=20
> those evil oil producers have quadrupled the price
> of crude over the last f=
> ew=20
> years so gas must have cost 12.5 cents before. So
> assuming the cost of=20
> transport/refining should remain fairly constant why
> hasn't gas only gone u=
> p=20
> by 37.5 cents?
> 
> Ken thinks the high cost of gas is solely a result
> of "market forces" (see=
> =20
> previous post: "it is pure supply and demand"). The
> large oil companies thi=
> nk=20
> people are stupid and will swallow the line "Crude
> goes up 4 times =3D Gas =
> goes=20
> up 4 times. It is pure supply and demand." There is
> nothing "pure" in the=20
> multi national oil conglomerates - each of which is
> reporting record profit=
> s=20
> "in these difficult times"!!!
> 
> Now, just to make you all feel better, the UK price
> of gas is about $6.67 (=
> =A31=20
> a litre) (and most of the difference is tax).=20
> 
> Cheers
> 
> Deri
> 
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