$4 gasoline: why?
Over $4.00 in California, and about $3.25 per gallon around here.
A twenty gallon tank now costs about $60.00, and at 25 miles per gallon, that is $12.00 per hundred miles. In other words if you live in Peachtree City and drive 50 miles into Atlanta somewhere, it costs you $12.00 per day for regular gas.
The oil companies and our government show pie charts to us indicating what makes the gasoline at the pump cost what it does.
Of course, they back into the cost starting at the service station (some they own, some they supply) back to the distributor, back to the refinery, and finally to the cost of crude oil.
Although the oil companies are at record profits, even when they invest huge sums into land and oil leases and into wells they drill and cap, they still make a ton of money. However they blame the price of crude oil.
Ok. who has the crude oil?
It is my understanding that we (USA oil companies) supply the majority of the crude, and buy the rest out of the USA to refine.
So, why does the oil companies need to charge so much more for the same crude they furnish from their own supplies? Did their overhead go up just because the world price of oil went up at the well?
I think we all know that Saudi Arabia, Iran, Russia, Venezuela, and a few others are making a killing---that is their prerogative, but let me also ask why Europe's gasoline at the pump hasn't gone up as ours has, from $1.00 per gallon to $3.00 plus dollars? Three times as much.
Do you know what gas would sell for in Italy if it had tripled? Maybe $15.00 per gallon.
I know we have had cheap gas for many years as compared to Europe and others. That is why they drive gas washing machines with tires on them.
Our economy won't stand for such inconveniences as that, however.
I think we would even fight a war in the middle east to prevent that!
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