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

Friday, November 21, 2008

Not as cheap as it should be

I know I've made this point before, but it bears repeating:

We're still getting robbed at the gas pumps.

The price of crude oil is now 67 percent off its midsummer high. It topped out just above $147 a barrel in July and closed on Thursday at just over $49 a barrel.

But in the same time period, the price of gas has fallen only about 47 percent - from its local summertime peak of $4.19 to about $2.20 today.

Don't get me wrong. I'm not complaining about gas being down to $2.20, esepcially in the current economic climate. But simple math (taking 67 percent off $4.19) dictates that gas should be selling locally for about $1.38 a gallon.

Still feel good about paying $2.20? Probably not as much.

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3 Comments:

Blogger Curious said...

I have a question? Since you blog about important things. What ever happen to the hit and run from the Principal of a Kingston Elementary School. Her name was Ann Marie Dibella. Is our community gonna keep sweeping the issues that are wrong under the rug, or is the local politics at it's usual and turn there heads. Where's the justice?

November 21, 2008 at 4:13 PM 
Blogger Jeremy Schiffres, City Editor said...

Curious:
Just because you don't read about something in our paper for a period of time doesn't mean we've lost interest in it or won't have future stories about it.
Also, Ms. DiBella, though employed by the Kingston school district, is not a principal.
-JS

November 21, 2008 at 10:13 PM 
Blogger Lou said...

Yepper, you are correct. "Not as cheap as it should be". Have been traveling to the state of Delaware a few times this year. And have noticed that a gallon of gasoline is about fourty-five to fifty cents less per gallon.

Even the state of New York and Ulster county have their hands in our pockets. Case in point, filled up at the traffic circle on Friday 14Nov08. I think the price that day was $2.35 not sure. And I filled up in Delaware the next day at $1.87 or $1.85. And, not sure though but the state suspended their sales tax at $2.00 per gallon. Ulster county did not.

November 25, 2008 at 5:16 AM 

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