19 April, 2006

$ 6.40 per gallon

...of water ! People are not complaining about paying $ 1.19 for 24 ounces of water in a store. That equals about 5 cents an ounce. There are 128 ounces in a gallon for those who attended school before 1969 when the schools went NEA/union/communist. ~ .05 X 128 = $ 6.40.

The price of gasoline is less than it was in 1974 in today's dollars. See attached link above.

Why don't we see hearings on the price gouging of water? Water costs about 2 cents a gallon at the tap. That would be about a 99% profit margin. Gasoline companies make about an 8% profit

There are alternatives to purchasing gasoline or driving a car. Walking, riding a bicycle, car pooling, public transportation, moving, working at home or on a farm. The real underlying agenda is to socialize or nationalize (control) a private company. This is communism.


Blogger Iran Watch said...

France is paying about eight dollars per gallon for its gasoline and our economy is much stronger than theirs but still that doesn't mean I like paying for it.

Blogger Chief RZ said...

Yes, it was about $5 the last time I was in Europe, around 2000. No, I don't either, but it is about the same as always, just goes up and down with natural supply and demand. I do remember the large number of huge SUVs built in the last five years. I bought one that gets 30 MPG and am glad I did.

Blogger T.L. Stanley said...

This price of gas is too high. People are starting to chnage the way they drive. Most people I know do not drive as much as before. And, they do not plan on long trips. Oh well, time will tell if this is a supply and demand issue or an organized effort on the part of oil company to boost profits.
Take care.

Blogger Chief RZ said...

t.l.-- It is a matter of comfort.
9,000 miles a year/30MPG=300 gal X $3 per gal = $900 per year. Automobiles cost $20-30,000. I pay $50 to $60 per month for cable. That is $600-720 a year. We used to receive TV "free"! It is a bit of perspective, like the water example. Yes, people will modify their behaviors based on cost, unless someone proposes "gas stamps" again. Remember them? I saw a picture of them in a newspaper in the mid 70s -- for "poor" people who "had to get to work". That was the final straw that broke the camel for me.
Ever since, I have been pasionate about personal responsibility and working for your own living!

Blogger T.L. Stanley said...

May I be so bold to add this to the discussion.

Oil Company CEO From Fox News: "Back of the Book" segment tonight, the former chairman and CEO Of Exxon Mobil, Lee Raymond, who retired in December, received $140 million in compensation last year, and his entire retirement deal is worth nearly $400 million, according to public reports."

This is an indication that gas prices are just too high. And, the senior executives at oil companies are paying themselves handsomely. I have no problem with leaders making a buck, or even paying themselves whatever the market will bear. However, the oil companies have a monopoly on a resource that is essential to the economy.

Everyone would be upset if our water companies starting raising the price of home water supplies to the level of gas prices. My gas bill can run $300 per month. I cannot even imagine paying $300 a month for water in my home. If the water company executives started paying themselves $140 million a year, people would just go crazy.

Time will tell if people will get upset with oil companies. Even though I am a strong advocate of business, excessive pay for senior executives of a monopoly like oil companies is outrageous. Some may even call these greedy executives scalawags. I call them gluttonous money grabbers.

Good golly, I feel better now.

Take care.

Blogger Chief RZ said...

t.l. -- I just talked with some people from Florida. Their water bill averages $300 per month. Our city is raising revenue by raising our water fees in yesterday's paper. I can live without gas, but not water. This is a form of blackmail. Taxation without representation. We have no vote on this scam.
I'm looking up the Senator's retirement fund. CEOs earn in the millions. This is a case of socialists attempting to 'equalize' salaries. Of course, the proletariat in USSR made 10 times as much as the 'workers'.

Anonymous Seth Yantiss said...

Chief, Good write up. I have a correction to note:
That equals about 5 cents an ounce. There are 128 ounces in a gallon for those who attended school before 1969 when the schools went NEA/union/communist. ~ .05 X 128 = $ 6.40.

The word "before"... I think you intended "after".

TL: Even if the CEO's and the exCEO's received NOTHING... gas prices wouldn't change by a penny. These people (the CEO's) work hard to increase the profits for the shareholders. They are compensated thusly. Does some of it "feel" unfair to you? Perhaps you should try to spend a few weeks in their shoes. Most of them work amazing hours and are extremely good at what they do. Like Michael Jordan... these CEO's turn businesses around from failure to success and are rewarded. If you did that, you'd get a reward too.

Blogger Chief RZ said...

Seth- My sentence structure may be a bit confusing. Of course I mean to communicate that 1969 was about the last time real education went on in the public school (and the NEA/union/communist agenda began). I visually saw the contrast between my university's yearbooks 1968 and 1969.


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