| FINDING DEAL$ ON GA$OLINE: |
Posted on 04/19/2006 8:22:44 PM PDT by HuKnows
Gasoline Skyrocketing
Gasoline prices have been on a tear recently with some of the largest weekly increases on record. In some parts of the country, prices at the pump have exceeded $3.00 per gallon for regular, although the average lingers near $2.80. Prices will go higher, muchhigher.
These price increases, occurring fully two months before the summer season, have created alarm. The familiar cries in the press are back and predictably, politicians are looking for the usual suspects.
Obviously, crude oil prices can in part explain the recent gasoline price increases, which almost mirror last year’s. Crude oil, which a few weeks ago seemed to be going down towards a more stable $60 per barrel (or even lower), moved up again, flirting with $70, due to the Iranian nuclear ruckus and to a lesser extent, Nigeria and Venezuela.
Traditionally, the cost of crude oil accounts for about 47 percent of the price of gasoline at the pump. Compared to a year ago, crude prices have risen by about 25 percent so we should expect gasoline prices to jump by about 12.5 percent. A year ago, gasoline was trading for $2.25, so the rise in crude prices accounts for about 27 cents of the price increase. Instead, gasoline prices are 40 to 45 cents higher than a year ago. Diesel, whose retail price depends on crude oil by about 55 percent, should be roughly 14 percent (about 32 cents) higher than this time last year. It is in fact 34 cents higher, a much more predictable increase.
What makes gasoline so much more expensive is clear. The U.S. now has the most stringent, and complex motor fuel regulations on earth. And American motorists are paying the price.
The biggest culprit is the change in gasoline oxygenates...
(Excerpt) Read more at energytribune.com ...
Some states tax other taxes on a percentage, like mine. The libs love this stuff, their coffers get stuffed with extorted revenue and then blame the higher prices on the President.
| FINDING DEAL$ ON GA$OLINE: |
Just never you mind about the price of that motor oil! :^)
What an absolutrly brilliant question !
MTBE should never have been forced upon the gas companies. It was a horrible idea from several different points of view.
save
I'm retired and use very little gasoline. I fill up during normal prices about once every 3 months. With the higher prices, I add just a few gallons of gas every month or so, just to silently protest. I'd do the same for milk or any other product I don't need daily if justified. I don't suggest that those who drive a lot do the same, but those that don't could help by not filling up each time and that should help everyone.
Gasoline 19.3
Distillate Fuel Oil (Inc. Home Heating and Diesel Fuel) 9.83
Kerosene Type Jet Fuel 4.24
Residual Fuel Oil 2.10
Petroleum Coke 2.10
Liquified Refinery Gases 1.89
Still Gas 1.81
Asphalt and Road Oil 1.13
Petrochemical Feed Supplies 0.97
Lubricants 0.46
Kerosene 0.21
Waxes 0.04
Aviation Fuel 0.04
Other Products 0.34
Processing Gain 2.47
Source: EIA March 2004 Data
Out of 42 gallons (1 bbl), lubricating motor oil yields 0.46 gallon. Recycling of motor oil and transmission fluid is now widespred. Even at $1.00 a quart, a barrel of oil would be worth around $180.00 retail if it was all dedicated to motor oil.
ethanol ping - see bottom half of article
One factor is that motor oil is a "loss leader" for auto parts stores. It's always cheap in the sale ad to get people in the store.
This will not make the MSM. The MSM and politicians want us to believe it is oil companies gouging us and its all Bushes fault.
hey...thanks... I never have to go to school.
I cudda been home schooled @ FR
that's a fact...it get's me in there...thanx
The cost of kowtowing to hysterical environmentalist whackos.
The federal requirement that RFG gasoline must contain
oxygen, ends on May 6 of this year.
MTBE or ethanol, no longer needed.
How come, whuffo' is it, thet a quart of ingine oil hardly goes up at all ?
Dialectizer at http://www.rinkworks.com/dialect/
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