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To: thackney
Yeah but we will still be paying more than we should per gallon at the pump.

The price of a gallon is way too high for the barrel.

Think about how much a barrel of gas was in the early 1990s, and then how much we paid at the pump compared to today.

Honestly it should be about 55 cents a gallon. Of course that would make our economy boom, but they don't want us to have that.

5 posted on 11/19/2015 1:39:35 PM PST by Enlightened1
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To: Enlightened1

Do you think the EPA, taxes and refining regulations are unchanged from the 1990s?

We spend way more today to turn that crude into retail gasoline.


6 posted on 11/19/2015 1:44:20 PM PST by thackney (life is fragile, handle with prayer)
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To: Enlightened1
Honestly it should be about 55 cents a gallon.

That is only $23 a barrel. And the whole barrel of oil doesn't become gasoline.

7 posted on 11/19/2015 1:45:47 PM PST by thackney (life is fragile, handle with prayer)
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To: Enlightened1
Think about how much a barrel of gas was in the early 1990s, and then how much we paid at the pump compared to today.

Yeah, but it's not the nineties anymore, corporate taxes are higher, wages are higher, and EPA regulations impose a higher cost than they did then. Obamacare figures in, too.

22 posted on 11/19/2015 5:00:07 PM PST by BfloGuy ( Even the opponents of Socialism are dominated by socialist ideas.)
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