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LIforrelaxin · 05-03-2007, 08:19 AM

So I was looking as the gas and oil prices have creeped up towards last years highs I looked at the price of crude according to Bloomberg. Crude is not even close to last years high..... it is currently in the mid 60$ per barrell, as opposed to last years highs in the 70$ range... no what has sky rocketed is the price of gasoline futures which as of this morning are around $2.30.... what does all this mean... well the cost of the oil to refine is not anymore expensive and is in fact less expensive then last summer. Oh and by the way the gas at the pumps came form oil bought last winter that was in the 50$ per barrell range.... Then the last I knew there are no issues with refining capacities, the world is able to refine the same amount of gasoline as we where last summer..... and finally the Gas and oil companies are making huge profits....

Hummm do we know how to say cooperative Monopoly...... the gas companies know they have everyone by the shirt tails.... and they set the price and as long as they all stay together on the price, they can drive it to what ever high they want.....

I will now step of my soap box and people can draw there own conclusions....

05-03-2007, 08:19 AM	#11
LIforrelaxin Senior Member Join Date: May 2006 Location: Texas, Lake Ray Hubbard and NH, Long Island Winnipesaukee Posts: 2,871 Thanks: 1,037 Thanked 892 Times in 524 Posts	Here is the crime in all this So I was looking as the gas and oil prices have creeped up towards last years highs I looked at the price of crude according to Bloomberg. Crude is not even close to last years high..... it is currently in the mid 60$ per barrell, as opposed to last years highs in the 70$ range... no what has sky rocketed is the price of gasoline futures which as of this morning are around $2.30.... what does all this mean... well the cost of the oil to refine is not anymore expensive and is in fact less expensive then last summer. Oh and by the way the gas at the pumps came form oil bought last winter that was in the 50$ per barrell range.... Then the last I knew there are no issues with refining capacities, the world is able to refine the same amount of gasoline as we where last summer..... and finally the Gas and oil companies are making huge profits.... Hummm do we know how to say cooperative Monopoly...... the gas companies know they have everyone by the shirt tails.... and they set the price and as long as they all stay together on the price, they can drive it to what ever high they want..... I will now step of my soap box and people can draw there own conclusions.... __________________ Life is about how much time you can spend relaxing... I do it on an island that isn't really an island.....