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allenwrench
Intermediate Crude
Joined: Apr 23, 2008
Posts: 893
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 Posted: Sun Jun 08, 2008 6:10 am Post subject: Formula for converting crude to gas. |
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On the news they said our $4 average gas prices reflect $90 a barrel crude. And for gas prices to catch up to $138 crude gas needs to go to $6 a gallon. Is all that true?
Is there a formula to convert crude to gas prices?
How high would crude have to go to put gas at $10 a gallon? |
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Cashmere
Light Sweet Crude
Joined: Mar 27, 2008
Posts: 1971
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| Posted: Sun Jun 08, 2008 9:02 am Post subject: Re: Formula for converting crude to gas. |
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Don't forget that there is a glut of gasoline on the market because the demand is for diesel.
_________________
Massive Human Dieoff must occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where you live. If you fail to recognize this, then your odds of living move toward the "going to die" group. |
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SoylentGreen
Heavy Crude
Joined: May 25, 2008
Posts: 168
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| Posted: Sun Jun 08, 2008 9:27 am Post subject: Re: Formula for converting crude to gas. |
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| $6 US by end of August, more if Isreal nukes Iran before that. |
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Munqi
Heavy Crude
Joined: May 04, 2008
Posts: 143
Location: Finland
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| Posted: Sun Jun 08, 2008 9:55 am Post subject: Re: Formula for converting crude to gas. |
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| Cashmere wrote: | | Don't forget that there is a glut of gasoline on the market because the demand is for diesel. |
Why is it that diesel is cheaper than gasoline then? Atleast thats the case in Finland. |
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Gerben
Heavy Crude
Joined: Mar 07, 2007
Posts: 385
Location: Holland, Belgica Foederata (Republic of the Seven United Netherlands)
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| Posted: Sun Jun 08, 2008 12:35 pm Post subject: Re: Formula for converting crude to gas. |
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| Quote: | | Why is it that diesel is cheaper than gasoline then? Atleast thats the case in Finland. |
Because you pay less taxes on diesel. |
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