Cost of Oil and Gas

[Fedayeen]

Re: Cost of Oil and Gas

Fedayeen, is that Armenia?

Don't you wish?

[loseyourname]

Re: Cost of Oil and Gas

Fedayeen, is that Armenia? The first structure looks Persian.

It looks a lot like a resort hotel in Dana Point, the name of which I cannot remember.

[bell-the-cat]

Re: Cost of Oil and Gas

Looks like that resort in South Africa. Sun City. Where all the rich Whites used to go to forget their troubles. Now where all the rich Blacks go as well, to forget the poverty of their erstwhile compatriots.

[ArmenianKid]

Re: Cost of Oil and Gas

Meh, gas doesn't cost alot on a military base. so i dont mind.

[Fedayeen]

Re: Cost of Oil and Gas

You people cannot read?

i said its a damn house somewhere in the Arab world...
where oil runs through their veins

[Lamb Boy]

Re: Cost of Oil and Gas

Everyone FREAKS OUT with the gas prices and imo it's all due to media hype. Nobody is complaining about the price of a bottle of water in the same gas stations and water literally falls from the sky. Before any of us start complaining about the rising gas prices, which are really just now leveling out the price for Americans to what the rest of the world has been paying for years, do a quick calculation and see how much money it would take to run your auto on bottled water. Our perception of reality is way too much influenced and guided by the media hype masters. It's their job ...

[Anahita]

Re: Cost of Oil and Gas

Everyone FREAKS OUT with the gas prices and imo it's all due to media hype. Nobody is complaining about the price of a bottle of water in the same gas stations and water literally falls from the sky. Before any of us start complaining about the rising gas prices, which are really just now leveling out the price for Americans to what the rest of the world has been paying for years, do a quick calculation and see how much money it would take to run your auto on bottled water. Our perception of reality is way too much influenced and guided by the media hype masters. It's their job
...

Great point. There are many consumer liquids that cost more... Be glad cars don't run on Nyquil. Evian spelled backwards is naive.....


Other "Refined" Products Compared with Gasoline:

Unit Cost, Price per Gallon

1. Lipton Ice Tea
   $1.19/16 oz $9.52 per gallon
2. Ocean Spray
   $1.25/16 oz $10.00 per gallon
3. Gatorade
   $1.59 /20 oz $10.17 per gallon
4. Diet Snapple
   $1.29/16 oz $10.32 per gallon
5. Evian water
   $1.49 /9 oz $21.19 per gallon
6. Whiteout
   $1.39 /7 oz $25.42 per gallon
7. Brake Fluid
   $3.15/12 oz $33.60 per gallon
8. Scope
   $0.99/1.5 oz $84.48 per gallon
9. Vick's Nyquil
   $8.35/6 oz $178.13 per gallon
10. Pepto Bismol
    $3.85/4 oz $123.20 per gallon

[Anahita]

Re: Cost of Oil and Gas

This is about the price of gas and not reasons the price is what it is.

Gasoline is actually quite cheap, especially in the US (especially when compared to other industrialized countries in Europe and when put in context of per capita GNP). People in the US aren’t paying very much.

In Caracas, Venezuela gas is $ .12/gallon.
In Lagos, Nigeria, gas is $0.38/gal. (sounds 'cheap,' but isn't in relative terms)

http://money.cnn.com/pf/features/lists/global_gasprices/

I was interested in finding out the cost of gas relative to income. Out of curiosity, I did a quick calculation (let me know if my math is wrong) based on current prices and current per capita GNP. I used Nigeria and the US.

The per capita income in Nigeria is $ 260.00. Gas costs $ .38/gallon. 100 gallons = $ 38.00

The per capita income in the US is $ 26,980.00. Gas costs $ 3.13/gallon. 100 gallons = $313.00

38/260=.146
313/26980=.011

So, 100 gallons of gas would be 15% of the ‘average’ Nigerian’s annual income.

In comparison, 100 gallons of gas is 1% percent of a US person's per capita income (based on numbers above).

Californians use, on average 400 gallons per person according to some estimates. If so, gas is about 4% of the average Californian’s income (assuming the $26,980 income). If Nigerians used that much, they’d be spending 60% of their income (even at $ .38/gal). Obviously, many people in the US make far more than that amount of money, too.


Cost of gallons of various liquids (e.g., Chanel No.5 is over $25,000/gal; just fun to read)

http://www.xxxxeyed.com/science/gallon/liquid.html

Average Gas Prices per gallon in US$ on 7/3/2006 (Europe compared to US)
Belgium $ 6.71
France $ 6.32
Germany $ 6.60
Italy $ 6.56
Netherlands $ 7.24
U.K. $ 6.66
U.S. $ 3.13

http://www.eia.doe.gov/emeu/international/gas1.html

[Anonymouse]

Re: Cost of Oil and Gas

So what is your point?

[Anahita]

Re: Cost of Oil and Gas

So what is your point?

Gasoline is actually quite cheap, especially in the US (and considering the process required to CREATE it.)