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

[Chris Louden]

On Tue, May 13, 2008 at 11:56 AM, Dan Borne <danborne.kde at gmail.com> wrote:
> Is this the article at which you were looking?
> http://www.moneyweek.com/file/45987/are-petrol-prices-really-all-that-high.html

That article is pretty much the same as what I read but I am pretty
certain it was a WSJ article.  Perhaps they both carried it. I'm sure
many other sites did as well.

>
> 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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> Danke!