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Goldman (Sachs)sees oil price 'super spike' to $105 a barrel
Yahoo News! ^
| Thursday March 31, 05:58 PM
Posted on 03/31/2005 1:56:57 PM PST by nickcarraway
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To: jello_biafra
WOW! An 8.5% pretax margin. I'm impressed... NOT!
But you can bet those profits are "obscene" to some folks...
41
posted on
03/31/2005 10:50:37 PM PST
by
Axenolith
(The 23rd Century will be here sooner than you think...)
To: RockinRight
$4.84 per gallon is not correct, I believe. The price of gasoline is cost of crude, refining, transportation, profit, and taxes. Gasoline prices are not a function of crude price alone.
A reasonable rule of thumb at this time is twenty cents change in the pump price per gallon for a $10 a barrel change in crude price. That is, $105 crude would add about a dollar to the pump price.
Some states have automatic gasoline tax increases with increasing gasoline pump prices. Those folks will pay more.
42
posted on
04/01/2005 1:17:11 AM PST
by
Iris7
(A man said, "That's heroism." "No, that's Duty," replied Roy Benavides, Medal of Honor.)
To: Recovering_Democrat
Not all taxes of course(I'm really not sure how much do) but some of these taxes on gas go to the making and maitenance of roads.
It's only logical that those who use the roads.. pay for them.
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