[SGVLUG] RE: [OT] fuel prices and the dollar (was interesting, border inspection issues)

[Dan Borne]

Is this the article at which you were looking?
http://www.moneyweek.com/file/45987/are-petrol-prices-really-all-that-high.html

The price of petroleum should not be much higher though; despite the large
increase in global consumption, oil production today is approximately 3
times what it was in 1950. Peak oil will come soon and change that though...

The price of the dollar should worry us more though because its low value
could cause OPEC to redenomonise the petrodollar into something else and
kill the oeconomy.

2008/5/13 Chris Louden <chris at chrislouden.com>:

> I have no link, but I'm pretty sure it was the WSJ. Taking the price
> of gas in the 1950s and adjusting it for inflation to 2008 dollar the
> price would be $3.20ish. Based on that way of thinking were really not
> pay that much more then in the past. Therefore the price we were
> paying throughout the 90's was considerably less.  Granted other costs
> of living when compared to the 50's and then adjusted for inflation
> don't balance out. Housing for instance.
>
> While I dislike the price of gas. I am more concerned with the value
> of our dollar being so low.
>
>
> On Tue, May 13, 2008 at 9:30 AM, Dan Borne <danborne.kde at gmail.com> wrote:
> > According to the German Federal Law website (It is in German), Germans
> are
> > to pay 65.45 Euro-Cents per litre (eg. 3.84453 USD per US Gallon) in
> taxes
> > for conventional unleaded petrol, plus Value Added Tax (19%) on the fuel
> > itself and the Fuel Tax. With the maths above, Germans pay 8.22 USD for
> a US
> > Gallon of gas, of which 3.84 is a fuel tax. With out all of the taxes, I
> > think that it is basically the same cost.
> >
> > Just my two pence.
> >
> >  2008/5/13 Emerson, Tom (*IC) <Tom.Emerson at wbconsultant.com>:
> >
> >
> > > > -----Original Message----- Of Chris Louden
> > > > On Mon, May 12, 2008 at 8:24 PM, Tom Emerson
> > > > <osnut at pacbell.net> wrote:
> > > > >
> > > > > the price of gasoline -- 1.40+ EURO per LITRE -- at the
> > > > exchange rate
> > > > > we got (something slightly worse than $1.60 per euro), this
> > > > works out
> > > > > to about $9/gallon ...
> > > >
> > > > So basically you are confirming that the price of gas really
> > > > isn't high, but that the US dollar has lost its value.
> > > > >
> > >
> > > A little of both -- if the dollar and Euro were on par at 1:1, this
> > > still works out to $6/gallon.  I'm not sure, but I think I heard my
> > > friend say that the taxes on gasoline worked out to nearly 80 (euro)
> > > cents per litre (i.e., 3.20/gallon)
> > >
> > > Tom
> > >
> >
> >
> >
> >
>



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