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Tuesday, September 16, 2008

What's Wrong with this Picture?

The price for a barrel of Crude Oil today was around $92.00. Gas, per gallon, at least here in Michigan, was between $4.15 and $4.19 today.

If one looks at the Crude Oil per barrel cost VS Gas per gallon cost history over the past year, something is terribly amiss....Look at the chart below:

At the crude price of today, with history as the record, we should be only paying about $3.25 a gallon for gas. That's 94 cents a gallon too much! Bend over and grab your ankles people cause were all getting screwed!