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Joined: Dec 2000
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Carpal Tunnel
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Carpal Tunnel
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That's how many gallons of oil in a barrel of oil. How much of that is gasoline (petrol)?


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Carpal Tunnel
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Carpal Tunnel
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How much of that is gasoline (petrol)?

According to the second chart on this page, about half: http://www.eia.doe.gov/pub/oil_gas/petroleum/analysis_publications/oil_market_basics/Ref_image_Simple.htm

That seems a little high to me, though.


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Carpal Tunnel
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Carpal Tunnel
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well(pun intended), we're up over $2.00 now...



formerly known as etaoin...
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Carpal Tunnel
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>That's how many gallons of oil in a barrel of oil.

and how about the infamous 55-gallon drum, then?


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W
wow Offline
Carpal Tunnel
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W
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Didn't know about the "day off" for buying gas
- so I did. Half a tank for my Saab, $21 !!!!
Just 19 days ago it was $12 for a half tank full.
Now, over a year ago I said I wouldn't mention it
again but. The posts have gone wide again.
Makes me dizzy whipping back and forth
with the scroll bar.
If I fall off my chair and spill the coffee
I'm suing somebody!


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D
dxb Offline
Pooh-Bah
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My guess is that we in the US may be paying a bit more for the product itself than the people on the left bank, because our government is pretty much in the hands of big oil. ~ Ted R.

Currently, in London, the price of a gallon (US) of gasoline (petrol, we would say) has reached $5.60 or thereabouts. Just over 75% of that is tax, so we on the left bank are paying $1.40 for the petrol which has to cover all the refining and distribution costs and profit before you get back to the actual cost of a barrel of oil. I don’t know what the US tax rate is on gasoline so I don’t know how that compares. Any offers?

Of course, as AnnaS’s charts show, from that barrel of oil there are various other fractions cracked off for uses many and varied, a lot of which pay better per volume than gasoline. But that’s a whole other story.



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Carpal Tunnel
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It's said we're facing record fuel prices, but I don't think that's true. Does anybody know what recent prices have been, adjusted for inflation? IIRC, 1981 was when we had the highest prices, but I don't have anything handy to back me up.

Edit:
Here's one gas station operator with a sense of humor:

http://us.news2.yimg.com/us.yimg.com/p/ap/20040517/capt.caps10105171823.gas_prices_caps101.jpg

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Pooh-Bah
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How about 1985? Here was my take on it way back then when I was cartooning for a living ...

http://www.bacchus-marsh.com/Files/petrol.jpg


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Carpal Tunnel
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Nice, Phranz. What made you stop... errr... other than the cost of living?


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Pooh-Bah
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Editorial restrictions. And the high cost of living and the low price of cartoons ...


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