Ummm, gasoline is a refined product of crude oil, which has been rising. Hello? In rough terms, upstream oil companies profit when the price of oil is high, but refiners (who use crude oil as their input) suffer.
i pay .59 cents for a gallon of bottled water. I payed 2.45 for fuel today. How is water more expensive than fuel? Unless youre foolish enough to buy it out of the convient store for .99 for a bottle. What a waste!
The real question is how will these prices affect your driving habits? Less? The same? I know I'm doing less joy-riding now.
Refiners do not suffer when the price of crude oil is high. They are making record profits because of the high price of crude oil. Go look up the actual refining process and you will see why they make more money when the price of crude is high.
I remember reading a Department of Energy document online that said 40% of the price we pay for gas is related to the cost of crude. About 10-15% (I think) was related to refining costs.
i hate it when poeple say that. a) england is a smaller country everything is more dense you dont have to drive 20 miles to go anywhere in england like you do in houston and most major cities in the US. b) also they have public/mass transit. we dont have any real public transit anywhere but nyc. especially not in houston. c) they also just have smaller more efficient cars. US in general doesn't.
Consumers buy gasoline by volume, not mass. Refiners keep this in mind at all times. Besides distillation, refiners use many different techniques to extract gasoline from crude. IIRC, the percentage of gasoline that can be extracted from raw crude through distillation is about 30%. After using different processes to convert other products of crude into gasoline, this number turns into 55%. Gasoline can be produced through volumetric expansion. Put in one barrel of crude, end up with 2 barrels of gasoline. They take ridiculously long carbon chains and break them up into smaller chains, thereby taking up more room (expansion). I know this is one of the may ways these companies make more money when the price of crude is higher. Although this does go against conventional wisdom (input costs are higher, make more money), that's just how it is.
its irrelevant because we have a very serious need for it whereas the average citizen in london doesn't care about gas prices as much. its like sharing how much pork costs in saudi arabia.
There is a reason Euros make these tiny ultra fuel-efficient cars and it has little to do with parking. $ gas $
Those Smart cars are fun little cars. The one I test drove in Holland had a six-speed transmission, ABS, and stability control. They had a convertible or roadster version in one of the dealerships.
comparisons suck mainly because everything is relative If they paying 7 . .and it raises to 7:20 no biggie. . they use to it we use to paying 1.99 and raising it to 2.19 is a big deal TO US One cannot measure ones disappointment based on others situation Just because the english are ok with getting bent over don't mean we have to be in fact . . ain't that why AMERICA came into being got tired of being bent over by the King while the English are quite ok with it? Rocket River I'm a 'MMMEERRR-CAN!!!
Guys, Gas is so expensive in Texas it seems. I am having fit when I saw my local gas station now has the cheapest gas at $2.19 in New Jersey. I missed the good old days of gas costing only 87 cents/gal.
I got a quarter tank gas in my new E-class But that's alright cause i'm gonna ride. I'm still fly, though.
