Blogs > City Editor's Blog

By Jeremy Schiffres, Daily and Sunday Freeman, Kingston, N.Y.

Friday, October 10, 2008

It's a gas, gas, gas

The good news? The price of gas is down to about $3.35 a gallon in the Kingston area.

The bad news? We're still being had.

When the price of oil topped out at $147 a barrel, gas was selling for $4.20 a gallon. As of this morning, oil is $80 a barrel. Proportional math dictates a gallon of gas should, as a result, cost $2.29.

Feel as good as you like about paying $3.35, but do it with the understanding that you're being overcharged by almost 50 percent and that the gas and oil companies are pocketing the difference.



Post a Comment

Subscribe to Post Comments [Atom]

<< Home