Skip to comments.Why you should love $5 gas
Posted on 05/26/2011 9:12:38 AM PDT by greatplains
click here to read article
The writer is being seriously, and rightfully, roasted in the comments section of the article.
Only someone who went to college could write something so mind-boggling idiotic.
Personally I find it truly amazing that the petroleum industry can sell a gallon of gas for about three dollars a gallon, once you strip out the embedded fuel taxes.
That means the entire transportation, refining, transportation again, distribution infrastructure can make a profit once they buy the oil for $100 a barrel, and sell it for $126 a barrel ($3x42 = 126, if it could all be converted to gas, which it can’t be)
Yesterday I bought a pint of dental mouthwash, that is supposed to fight bacteria, for $25. Looking at the label, 85% of the contents was water, so I paid $25 for 1.25 ounces of the active ingredient, flavors, colors etc.
That works out to $2560 per gallon, quite a few quid more than $3 gasoline!
So, who’se raping who??
Lynn Mucken is a freelance editor and writer based in San Diego and a former longtime journalist at The Seattle Times.
I own my house ..all paid for...
I shouldnt have paid my mortgage
Barry would have “helped” me
I will give up other things so that I can continue to pump premium unleaded into my 2009 Crystal Red Tintcoat 3LT Corvette.
Yeah yeah, I’ve read this all before, back when gas prices were spiking during the GWB administration. errr. no... wait, they didn’t? Oh, thats right, never mind.
The higher gas prices motivate individuals to prepare for the default.
A better reason to love $5-per-gallon gas. After the default, we’ll have better leadership at every level of business, politics and academia. Maybe it will go to at least $10.
So Bush is in office and prices are up it’s a “crisis” worthy to open each night on all the dead media newscasts.
Obama is in office and the prices up it’s a hidden blessing.