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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.
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.
Labels: The spoils of oil
posted by Jeremy Schiffres, City Editor at
10:05 AM
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