Re: (OT:) The price of a barrel goes up...

"Moe" <BubbleleLand@xxxxxxxx> wrote in message
news:484145a7$0$4055$bbae4d71@xxxxxxxxxxxxxxxxxxxxxx
Jeff wrote:
Moe wrote:
Jeff wrote:
Norm De Plume wrote:

Mike hunt wrote:

I guess it depends on ones definition of "The price of gas goes up
every
time crude goes up" Last year a time crude was around $60 a barrel
and
gas was around $2.60. Today crude is up to $130 a barrel yet gas is
not up
to $5 a gallon, it is $4. Obviously it did not go up EVERY time
crude
when up ;)

From the information you provided, it is not obvious the price of
gasoline rose every time the price of crude rose. At best you've
shown that the price of gas did not go up proportionally as much as
the price of crude. Perhaps your 3% CO2 atmosphere is affecting your
mental process, as it did when you said the Federal Reserve didn't
exist in the early 1940s. ;)


Actually, if you subtract the cost of transportation, refining and
taxes, then I think you would find that the price of gasoline is pretty
closely related to the cost of crude oil. However, it is not perfectly
related. Politics and supply and demand play a role, as do other
factors.

Jeff
The true cost, even with the 4 dollar drop in crude this week, hasn't
been passed on, If you think 4 dollar gas is expensive try pushing you
car as far as it will go on a gallon of gas. The price won't bother you
nearly as much after you've pushed it a few miles.

That, IMHO, is a stupid comment.

The hot money is now looking at refineries,
http://www.insidefutures.com/article/67199/$140%20Next?.html
Notice how the Crack Spread reached $30/bbl at the end of May 2007. But
this year, the spread has struggled for most of 2008 to get above
$15/bbl. And now it appears the spread has is once again gaining some
momentum, climbing its way back towards the $30 level, which I believe
it will try to get back to. However, it has a way to go and from there
it will require a shift in momentum to turn it around. When we see the
Crack Spread start trading sideways, after it moves above $30/bbl, then
a top might be forming.

Gee, the oil companies, including refineries, are in business to make
money.
And the money isn't getting made in refiners, right now, look for that
to change.
http://www.washingtonpost.com/wp-dyn/content/article/2008/05/12/AR2008051200861.html


Pesky reality. :-)


.

Relevant Pages

  • Re: (OT:) The price of a barrel goes up...
    ... time crude goes up" Last year a time crude was around $60 a barrel and ... Today crude is up to $130 a barrel yet gas is not up ... gasoline rose every time the price of crude rose. ...
    (alt.autos.toyota)
  • Re: (OT:) The price of a barrel goes up...
    ... time crude goes up" Last year a time crude was around $60 a barrel and ... Today crude is up to $130 a barrel yet gas is not up ... gasoline rose every time the price of crude rose. ...
    (alt.autos.toyota)
  • Re: (OT:) The price of a barrel goes up...
    ... time crude goes up" Last year a time crude was around $60 a barrel and ... Today crude is up to $130 a barrel yet gas is not up ... gasoline rose every time the price of crude rose. ...
    (alt.autos.toyota)
  • Re: (OT:) The price of a barrel goes up...
    ... time crude goes up" Last year a time crude was around $60 a barrel and ... Today crude is up to $130 a barrel yet gas is not up ... gasoline rose every time the price of crude rose. ...
    (alt.autos.toyota)
  • Re: Fuel prices and "Price gouging"...
    ... answer why crude is down and gas is up. ... not normal without admitting gouging is taking place. ... I see no "price gouging" here. ... The only prices we've seen that don't reflect the drop in crude was along the freeways. ...
    (rec.outdoors.rv-travel)