by the way deri, $84 a barrel devided into 42 gallons
would be $2.00 a gallon cost not 50 cents. the present
$75 a barrel works out to $1.78 and 1/2. if you round
to the nearest half cent. might better fix the
computer. 

--- Deri James <[log in to unmask]> wrote:

> On Tuesday 25 April 2006 17:29, ken barber wrote:
> > the investigation is going to show that when
> supply is
> > not meeting demad the price goes up.
> >
> > is the president going to investigate all the
> > countries we import from. hey can we force canada
> to
> > sell us oil cheaper?, vensuala? mexico (we can't
> get
> > them to keep their citizens)?
> > we say we are not going to pay 75 dollars, they
> say,
> > oh, well, china will.
> >
> 
> My computer says there are 42 US gallons in a
> petroleum barrel so when crude 
> oil hits $84 a barrel  the actual cost will be 50
> cents a gallon. Now we know 
> those evil oil producers have quadrupled the price
> of crude over the last few 
> years so gas must have cost 12.5 cents before. So
> assuming the cost of 
> transport/refining should remain fairly constant why
> hasn't gas only gone up 
> by 37.5 cents?
> 
> Ken thinks the high cost of gas is solely a result
> of "market forces" (see 
> previous post: "it is pure supply and demand"). The
> large oil companies think 
> people are stupid and will swallow the line "Crude
> goes up 4 times = Gas goes 
> up 4 times. It is pure supply and demand." There is
> nothing "pure" in the 
> multi national oil conglomerates - each of which is
> reporting record profits 
> "in these difficult times"!!!
> 
> Now, just to make you all feel better, the UK price
> of gas is about $6.67 (£1 
> a litre) (and most of the difference is tax). 
> 
> Cheers
> 
> Deri
> 
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