On A gallon here, a gallon there

Posted on May 5 at 3:03 p.m. ( Suggest removal )

Roy Eliasson Wrote Here's a look at each component and its role in the retail pump price:
Crude oil -- 57%
Finding the crude oil Getting the crude oil out of the ground Transporting the crude oil to the refinery Maintaining a reserve capacity of crude oil ProfitRefining the crude oil into gasoline -- 18%
Producing special blends of gasoline to meet local clean air government regulations Transporting the gasoline to the gas station ProfitSelling the gasoline at a station -- 11%
Operational costs Marketing costs ProfitTaxes, federal and state -- 20%

On A gallon here, a gallon there

Posted on May 1 at 1:41 p.m. ( Suggest removal )

Roy Eliasson Wrote The Real Story Behind Gas Prices

As recently as September 2001, the cost of a barrel of crude oil was $18.00, today the cost of a barrel hovers around the $62.00 mark, resulting in increased prices at the pump. However, the term "record highs"
is based on a common economic fallacy -- a failure to adjust for inflation over time. General inflation raises the overall level of prices throughout the economy. The real issue is whether gasoline prices are rising relative to the other costs of goods and services. And if we measure energy and gas prices correctly, we find that gasoline, although the price has risen recently, is still affordable in historical terms. Adjusting for inflation we had higher retail gasoline prices as recently as 1985, and significantly higher prices from 1979 to the mid 1980s. Long term data on energy and gas prices tells us that gasoline prices paid at the pump have been on a steady rate of decline since the 1920s, with the obvious exception of the 1970s, when we faced an OPEC embargo and gasoline lines. In 1920 the real price of gas (excluding taxes) was twice as high as today. If the price of gasoline relative to wages were comparable today to what they were in 1920, we would be paying almost $10 a gallon for gas. American motorists should be pleased that the United States does not adopt the high-energy tax policies that are commonplace in Europe. European gasoline often exceeds $4 a gallon with more than half the price collected in taxes. That is one of the major reasons VPCGA successfully opposed legislation in the General Assembly that would have increased the state gas tax 76% from 17.5 to 30.6 cents per gallon, making Virginia's gasoline tax the highest in the nation.

On A gallon here, a gallon there

Posted on May 1 at 12:53 p.m. ( Suggest removal )

Roy Eliasson wrote Think a gallon of gas is expensive?
This makes one think, and also puts things in perspective.
Diet Snapple 16 oz $1.29 ... $10.32 per gallon
Lipton Ice Tea 16 oz $1.19 ..........$9.52 per gallon
Gatorade 20 oz $1.59 ..... $10.17 per gallon
Ocean Spray 16 oz $1.25 ......... $10.00 per gallon
Brake Fluid 12 oz $3.15 ...... $33.60 per gallon
Vick's Nyquil 6 oz $8.35 ... $178.13 per gallon
Pepto Bismol 4 oz $3.85 .. $123.20 per gallon
Whiteout 7 oz $1.39 ....... . $25.42 per gallon
Scope 1.5 oz $0.99 .....$84.48 per gallon
And this is the REAL KICKER...
Evian water 9 oz $1.49..$21.19 per gallon! $21.19 for WATER and the buyers don't even know the source
(Evian spelled backwards is Naive

On A gallon here, a gallon there

Posted on April 30 at 1:07 p.m. ( Suggest removal )

Roy Eliassson Wrote Cost of gas The Energy Information Administration reports gasoline roy Eliasson prices in both nominal and real terms. The real prices are adjusted for the roy eliasson effects of inflation by applying the implicit GDP price deflators to compare prices in constant 1996 dollars. As the chart shows, the current "record high" price is quite moderate by historical standards. We had higher retail gasoline prices as recently as 1985, and significantly higher prices from 1979 to the mid 1980s