Gas Prices To High?  

Posted by Stan Harrington

During the past week, we have seen the price per gallon of gas increase rapidly with the forecast that it will eventually exceed $3.00 per gallon. The price of crude oil closed out on the New York Stock Exchange at historic high of 75.00 per barrel on Friday. Disregard the fact that also within this past week, it was announced that the Chief Executive Officer (CEO) of a major oil producer was paid $400,000 million this past year. The question that one must ask themselves is the price of gasoline to high? This thought occurred to me today as I stood in front of the gas pump and watched the little numbers rapidly rolling past. I was difficult to concentrate on the dial because next to my car another person was filling his Suburu, while his wife and three children patiently waited. He expounded on the fact how high the gas was and it was some type of conspiracy between the government and the big oil companies. Finishing his task before I, he opened his car door, took a swig of beer from his open bottle setting in the console and with his checkbook went inside the station / convenience store.
Following him inside a few minutes later, he was continuing his ranting about the high gas prices as the clerk was preparing a "latte" for the little lady in the car and three Pepsi-Cola's for the little ones. After he left, the clerk shook her head and said, "everyone is complaining about the high price of gas". Upon paying her, I thought to myself, "are the gas prices to high" and why should I take it out on the clerk, she definitely has no control over the price of gas. During my drive, the thought of "high gas prices" was plaguing my concentration so I decided to do a little cost analysis. With pen and paper in hand, I entered the local convenience and liquor store just a block from the gas station that I had just visited. This cost analysis was taken in Anchor Point on this date with a random selection of products and their current market price:

Gasoline Price Per Oz: .02 Cents / Price Per Gallon $ 2.81
Milk 2% Price Per Oz: .04 Cents / Price Per Gallon $5.35
Water Price Per Oz: .06 Cents / Price Per Gallon $7.68
Sobe Drink Price Per Oz: .07 Cents / Price Per Gallon $8.96
Pepsi / Coca Cola Price per Oz: .08 Cents / Price Per Gallon $10.24
Lipton Ice Tea Price Per Oz: .10 Cents / Price Per Gallon: $12.80
Coors Beer Price Per Oz: .10 Cents / Price Per Gallon: $12.80
Dole Fruit Juice Price Per Oz: .11 Cents / Price Per Gallon $14.08
Amp Energy Drink Price Per Oz: 12 Cents / Price Per Gallon $15.36
Alaska Amber Price Per Oz: .25 Cents / Price Per Gallon $32.00
Irish Latte Price Per Oz: .25 Cents / Price Per Gallon: $32.00
Corona Beer Price Per Oz: .29 Cents / Price Per Gallon: $37.12
Korbel Champagne Price Per Oz: .54 / Price Per Gallon: $69.12
Barringer Chardonnay Wine Price Per Oz: .59 Cents / Gallon $75.52
Bacardi Light Rum Price per Oz: .67 Cents / Price Per Gallon: 85.76
Seagram 7 Price Per Oz: .73 Cents / Price Per Gallon: $93.44
Meyers Rum Price Per Oz: $1.10 / Price Per Gallon: $140.80

Conclusion:
(1) We are fueling our vehicles with the most economic type of fuel?
(2) If the current market price for gasoline was a conspiracy between the government and the oil companies, why don't they team up with the makers of Meyers Rum and make all of our cars capable of burning alcohol?
(3) Water at $7.68 per gallon should not be used, it will cause your car to flood.
(4) No type of alcohol should be used in your cars as Drinking and Driving is against the law.
(5) Don't take your frustration on the poor clerk at your favorite station, they are only making $7.15 per hour which is equivalent to 2.54 gallons of gas per hour.

This entry was posted on April 22, 2006 at Saturday, April 22, 2006 . You can follow any responses to this entry through the comments feed .

7 comments

Thanks for new perspective, those are some amazing numbers. Are they real? Sorry, I just had to ask. No more Pepsi around here not at $10.24 a gallon.

4/22/06, 10:43 PM

LOL...taking the numbers from the Anchor Point "convience and liquor store" may be the problem here...did those numbers come from the "tagged" price" we all know how in Anchor Point EVERYTHING but ciggerettes is expensive. look at the cost of ice...we would not have to recycle it into your coffee if Anchor Point did not charge so much for the "atmosphere" in which one purchases items......

4/23/06, 6:02 AM

If a vehicle could run on methane, Eric would have the fastest rod. If a car would run on hot air, however, The fastest would be yours. I look forward to a time when the only priority lies in calculating suppositions. Isn't it your nap time?

4/23/06, 8:48 AM

Thank you for your responces, they represented your personalities very well. Heidi asked the most important question. Yes those prices are real. By taking all of these items and breaking them down to a cost per unit common demoninator and multiplying by the number of ounces in a gallon, those are the prices you are paying. For those that do not know, there are 128 ounces to the gallon and a 750 ml bottle of alcohol contains 25.36 ounces. Thank you Heidi for your very polite and credible question.

4/23/06, 9:03 AM

In reply to the second responce, I am sorry that you feel that way about the "atmosphere" of Anchor Point, I will refer your name and address to the local Chamber of Commerce. In order to complete an accurate market analysis the first concept is to compare the prices in one locality. Therefore one must compare prices to prices in Anchor Point. To compare prices in A.P. to those prices in the metropolitan area of Las Anchorage would give you misconstured data. This is a ploy that the liberal left does when conducting polling data. I would suggest you used this same formula and apply it to those same items in your area. I did notice a wide discrepancy in prices between these two locations during my last visit to Las Anchorage. As an example, the cheapest gas I saw between AP and La was in AP. The local video store in AP sells a Milky Way candy bar for .65 cents, check the candy prices at Best Buy in LA, the same candy bar will cost you .98 cents! We look forward to you bringing your money to AP this summer!

4/23/06, 9:15 AM

In regards to the third responder, now that was funny in regards to "Homer". I don't know anything about about suppositions, but I did do a market analysis on suppositories once, the typical bottle contains 24 units of capsules. If you are very careful, you can insert all of them at one time, that way you do not have to remember when you took your last dosage. But, please remember, when doing this do not take a short cut and attmept at inserting all 24 while they are still in the bottle. Isn't it time for you to go clean your poopy lawn?

4/23/06, 9:25 AM

i do not need any type of suppositories to produce enough gas to make it to ap from anchorage in our family vehicle, just a couple of buritos.

4/25/06, 9:41 PM

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