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Casual Articles - A Mathematical Look at How Gas Companies Rip Us Off
Have you read the Joe Vitale’s book titled there is a Customer born every second?This title though intriguing is a fact when you come to the dot COM world. Everyday, thousands of people are logging on to the Internet looking for opportunitie
$1.165 + $.974 = $2.139
Unfortunately, the national average price of gasoline on January 16 was $2.22 - only 4.7% lower than what it was on Janu
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First off, let's assume that we're working under the premise that the price of crude oil makes up about half of the price of gasoline. After doing some research, this seems to be a pretty standard and accepted idea.
On January 1, the national average gas price was $2.33 per gallon while the price of a barrel of crude oil was at $61.25. In sticking with the theory that the price of oil makes up half of the cost of gasoline, the $61.25 per barrel equaled $1.165 worth of gasoline.
As of January 16, the price of oil had fallen to $51.21 - 16.4% lower than the price on January 1. According to the above theory, the price of oil on January 16 should now equal $.974 worth of gasoline:
(1 - .164) * $1.165 = $.974
Assuming the non-oil 50% of gasoline (taxes, additives, advertising, salaries, etc.) was a fixed cost - not that unreasonable - the new price of gasoline should be $2.14 per gallon, roughly 8.2% lower than it was on January 1:
$1.165 + $.974 = $2.139
Unfortunately, the national average price of gasoline on January 16 was $2.22 - only 4.7% lower than what it was on Janu
I will tell you of a journey. For me, it started many years ago. Long before I ever had a website, I began this journey. The one thing people need to do before they ever have a website or web business, in my opinion, is to become familiar with the
First off, let's assume that we're working under the premise that the price of crude oil makes up about half of the price of gasoline. After doing some research, this seems to be a pretty standard and accepted idea.
On January 1, the national average gas price was $2.33 per gallon while the price of a barrel of crude oil was at $61.25. In sticking with the theory that the price of oil makes up half of the cost of gasoline, the $61.25 per barrel equaled $1.165 worth of gasoline.
As of January 16, the price of oil had fallen to $51.21 - 16.4% lower than the price on January 1. According to the above theory, the price of oil on January 16 should now equal $.974 worth of gasoline:
(1 - .164) * $1.165 = $.974
Assuming the non-oil 50% of gasoline (taxes, additives, advertising, salaries, etc.) was a fixed cost - not that unreasonable - the new price of gasoline should be $2.14 per gallon, roughly 8.2% lower than it was on January 1:
$1.165 + $.974 = $2.139
Unfortunately, the national average price of gasoline on January 16 was $2.22 - only 4.7% lower than what it was on Janu
Capital campaigns using donor recognition are easy to conduct. In this type of capital campaign, a nonprofit group seeks a pledge of a certain contribution amount and in return, offers to provide a specific type of recognition.Donations of a
As of January 16, the price of oil had fallen to $51.21 - 16.4% lower than the price on January 1. According to the above theory, the price of oil on January 16 should now equal $.974 worth of gasoline:
(1 - .164) * $1.165 = $.974
Assuming the non-oil 50% of gasoline (taxes, additives, advertising, salaries, etc.) was a fixed cost - not that unreasonable - the new price of gasoline should be $2.14 per gallon, roughly 8.2% lower than it was on January 1:
$1.165 + $.974 = $2.139
Unfortunately, the national average price of gasoline on January 16 was $2.22 - only 4.7% lower than what it was on Janu
One of the most unforgiving challenges that bad credit leaves you with is that it prevents you from having your own house. It always keeps you away from making true your dream of owning a house. Well, today it’s not the scene actually. There are a
(1 - .164) * $1.165 = $.974
Assuming the non-oil 50% of gasoline (taxes, additives, advertising, salaries, etc.) was a fixed cost - not that unreasonable - the new price of gasoline should be $2.14 per gallon, roughly 8.2% lower than it was on January 1:
$1.165 + $.974 = $2.139
Unfortunately, the national average price of gasoline on January 16 was $2.22 - only 4.7% lower than what it was on Janu
These days, every web host there is, boldly claims to be the best value, best speed, best extras… and generally the cream of the crop.But how do you really know which web host is telling the truth, and more importantly, which really IS the b
$1.165 + $.974 = $2.139
Unfortunately, the national average price of gasoline on January 16 was $2.22 - only 4.7% lower than what it was on January 1.
This leads me to one of two conclusions:
- The "fixed" costs actually increased by 6.9% as oil prices went down, or
- The system is rigged so there is enough lag time built in for oil and gasoline companies to take advantage of the arbitrage.
Considering the billions of dollars in profits these oil companies take in, in addition to the fact gasoline prices shoot up at the first hint of a rise in the price of oil, which of the two scenarios seems more likely?
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