By my estimates that should be correct. At 147.00 a barrell I was paying 4.10 gal. I am now paying 3.59 a gal and the price is at almost 100.00 per barrell!!
I guess they think we can't add or subtract either!! BASTARDS!!
It's not the oil now, it's the shutdown of all the gasoline refineries along the Texas coast which account for approx. 25% of this nations gasoline production...........
If you have a problem with that then contact your congressman and ask why there haven't been any new refineries built in this country since 1976.
Under the Carter administration they knew there was a problem then but nothing was done. They knew there was going to be a problem with oil back in 1994 when congress passed the ANWR drilling bill but Clinton vetoed it.
As is always the case, your federal government, aided by its propaganda machine in the MSM have successfully convinced you that the problem here is the EVIL OIL COMPANIES..........and only the government can step in and fix the problem.
BUILD REFINERIES NOW AND WHILE YOU'RE AT IT, DRILL HERE AND DRILL NOW!
Oil doesn’t spontaneously change into gasoline, ya know.
If we don’t have the refining capacity to make the gasoline you buy, then the price goes up, up, up... until the demand matches the supply.
D@mn shame that most of America’s refining capacity is concentrated in ‘Hurricane Alley’.
(Thanks, Congress, for restricting the construction of any new refineries)