Down with the evil Gas lords. (yes, i am brave enough to post another from myspace)

[Imran Siddiqui]

Uh oh... he's going to buy the foil helmet now

[KrazyHorse]

I suggest that we not buy from EXXON/MOBIL UNTIL THEY
LOWER THEIR PRICES TO THE $1.30 RANGE AND KEEP THEM DOWN.

$1.30 a US gallon means that even if refining didn't cost anything, transportation didn't cost anything, there was 100% efficiency in the refining process and gas stations were run by volunteers working for free with no equipment costs that oil couldn't cost more than ~55$ a barrel

[Zkribbler]

Originally posted by Imran Siddiqui
Uh oh... he's going to buy the foil helmet now

No need. They're handed out gratis when you join the Democratic Party.

[KrazyHorse]

So, at the current cost of ~2.65 a US gallon in MD and 68$ BBL on NY exchange, we have:

1.65 per US gallon = minimum crude costs
.35 per US gallon = excise tax

Leaving .65 per US gallon to refine, transport and retail me my gasoline

[Zkribbler]

$3.00 per gallon in oil-producing California.

[Zkribbler]

Originally posted by KrazyHorse
1.65 per US gallon = minimum crude costs

I just checked. Oil prices are around $69/barrel. I used to know how many gallons/barrel but that info is gone. 66 gallons/barrel? 44?

If it's 44, crude oil prices are $1.57/gal., not $1.65.

[Imran Siddiqui]

42 gallons per barrel.

Oh, and don't blame us for your state's insane gas taxes .

[Zkribbler]

California...insane?! No one's ever made such an outrageous accusation before!!

[KrazyHorse]

Originally posted by Zkribbler


I just checked. Oil prices are around $69/barrel. I used to know how many gallons/barrel but that info is gone. 66 gallons/barrel? 44?

If it's 44, crude oil prices are $1.57/gal., not $1.65.

It's not a 1-1 conversion. Gasoline and crude oil contain different amounts of energy per gallon

[snoopy369]

http://www.eia.doe.gov/pub/oil_gas/petroleum/analysis_publications/primer_on_gasoline_prices/html/petbro.html

About 47% of a barrel of crude oil becomes gasoline, according to this non-industry paper (well, unless you wear the tinfoil hat of "DOE is owned by oil" ... )

A lot of the recent price hikes have been transportation cost increases, as well ...

[Zkribbler]

Originally posted by KrazyHorse
It's not a 1-1 conversion. Gasoline and crude oil contain different amounts of energy per gallon

My bad. I meant "crude oil per barrel."

[KrazyHorse]

Originally posted by snoopy369

http://www.eia.doe.gov/pub/oil_gas/petroleum/analysis_publications/primer_on_gasoline_prices/html/petbro.html

About 47% of a barrel of crude oil becomes gasoline, according to this non-industry paper (well, unless you wear the tinfoil hat of "DOE is owned by oil" ... )

A lot of the recent price hikes have been transportation cost increases, as well ...

Yeah, but the other petro products are also sold. They're not thrown out.

Going by the enrgy cost of components is the best way to divide up the cost of a barrel of oil.

[KrazyHorse]

Originally posted by Zkribbler


My bad. I meant "crude oil per barrel."

It's not just a typo. You can't divide a barrel of oil into gallons and then equate 1 gallon of oil with one gallon of gasoline.

[KrazyHorse]

It's close, but not perfect. There's a slight difference in their chemical energies.

[Kaak]

Originally posted by KrazyHorse

I suggest that we not buy from EXXON/MOBIL UNTIL THEY
LOWER THEIR PRICES TO THE $1.30 RANGE AND KEEP THEM DOWN.

$1.30 a US gallon means that even if refining didn't cost anything, transportation didn't cost anything, there was 100% efficiency in the refining process and gas stations were run by volunteers working for free with no equipment costs that oil couldn't cost more than ~55$ a barrel

My dad works in the oil industry. He says it costs 42 cents to bring a gallon of gas to market. At to that state and federal taxes, and you're up near a dollar a gallon.

And if you ask any gas station owner, they make most of the money by the things they sale inside the store, not the gas. Trust me, there is plenty of money to be thrown around in the oil business, and there is a reason for it.

Wealthiest Corp in the world: Exxon Mobil
Wealthiest Country in the World: UAE.

Do the math.