Re: $105 oil?
On May 28, 2006, at 10:31 PM, ThatRogersWoman wrote:
— Doug quoted:
Oil could top $105 in major supply outage: expert
The resulting gas prices from $105 oil would, among so many other things, gut the ability of workers to get to jobs in major metroplexes that are geographically spread out
$105 oil would translate into gas prices of $4.15-5.50 a gallon,
based on historical price relationships. The markup now, despite all
the complaints about gouging, is actually on the low end (1.66/1 -
there are 42 gallons in a barrel of oil); the average is closer to
2.5/1.
Doug