Gas Prices To High?
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.