[Vwdiesel] cheap tommorow

[Roger Brown]

LBaird119 at aol.com wrote:
> In a message dated 12/8/2007 9:03:06 AM Pacific Standard Time, 
> gcklein at charter.net writes:
> 
>> I for one think that its not only the oil companies that want to keep the
>> supply artificially low, but it is the gov't that would lose as they won't
>> get the gas tax revenue that they get now.
>>
> 
>   Then again OPEC would stand to lose quite a bit if the price
> dropped.  I still haven't seen any stations with empty tanks 
> so where's the low supply?
>   Dad brought up a good point yesterday, since a barrel is 31 
> us gallons and the price is about $90/barrel, he was wondering 
> how they manage to sell it for the price they do here and make 
> any profit at all.  Since they pay about $3/gallon, sell it for a 
> little over that, don't get 100% return on the refining, lots of 
> taxes along the way, paying business costs and so on...
>      Loren

Actually, oil barrels are 42 US gallons:
	http://www.sizes.com/units/barrel_petr.htm


-- 

   Roger