Pump Gas: Why so expensive?
Just the facts:
From a lofty high in the upper eighties just a couple of weeks ago, the price paid for a bbl of crude oil on the world spot market traded all the way down to the mid sixties yesterday afternoon.
Did your local gas station sell regular for as much as $2.85/gal when oil was trading at it's high? If so, a reasonable person might well expect to be paying $2.15/gal based on yesterday's price for a bbl of crude oil.
Fact 1:
The universal rule of pump gas price? Fast to rise, slow to fall. How many more years? Don't we have a Federal Trade Commission, or are they too busy enjoying free lunch?
Fact 2:
The less expensive oil is, the less expensive pump gas (after the bloodsuckers take their cut on the way down), will be, and the lower the pump gas price, the higher the quality will be. ABM has noticed this already. We got 2 gal of Shell 93 octane yesterday that ran like race gas compared to what we've been draining out of the same pump since February.
Coming next week: Video shots of ABM's spare S/S 111 cu in tear down/rebuild project. Step one, (in which Doris gets her oats--sorry Beatles white lp reference), shows two bros busting the 50,000+ mile engine being torn to shreds, and inspected for wear 'n' tear. Check it out!
From a lofty high in the upper eighties just a couple of weeks ago, the price paid for a bbl of crude oil on the world spot market traded all the way down to the mid sixties yesterday afternoon.
Did your local gas station sell regular for as much as $2.85/gal when oil was trading at it's high? If so, a reasonable person might well expect to be paying $2.15/gal based on yesterday's price for a bbl of crude oil.
Fact 1:
The universal rule of pump gas price? Fast to rise, slow to fall. How many more years? Don't we have a Federal Trade Commission, or are they too busy enjoying free lunch?
Fact 2:
The less expensive oil is, the less expensive pump gas (after the bloodsuckers take their cut on the way down), will be, and the lower the pump gas price, the higher the quality will be. ABM has noticed this already. We got 2 gal of Shell 93 octane yesterday that ran like race gas compared to what we've been draining out of the same pump since February.
Coming next week: Video shots of ABM's spare S/S 111 cu in tear down/rebuild project. Step one, (in which Doris gets her oats--sorry Beatles white lp reference), shows two bros busting the 50,000+ mile engine being torn to shreds, and inspected for wear 'n' tear. Check it out!
posted by americanbikerminute at 2:47 AM
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