If oil topped out at $147....lets say gas topped out at $4
Oil is at $80 now...54% of its high.
Gas is at, lets say $3....75% of its high.
I think maybe we are still getting 'lubed' by the oil companies.....
Lets not forget that "gas" is the bi-product of the toxic refuse that comes out the back end of the cracking process. Big oil makes hundreds of $'s off each barrel of oil from a whole host of petroleum products long before they get to the gasoline.
No, actually gasoline is one of the first groups of hydrocarbons that come out of the refining process. The heavier ends is where the variety comes from.
I stand corrected, I shouldn't have used the wording "..out the back end..". Point being that Oil co.s make big bucks off the other stuff too, whether gas comes out of the process or not. I have no problem with this, just get a little rankled when some oil execs. whine about the cost of production of gas when they know full well they're making a lot of money off the other stuff.
