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	<title>RazorPress &#187; oil</title>
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		<title>oil math</title>
		<link>http://www.razorpress.com/index.php/financial/oil-math/</link>
		<comments>http://www.razorpress.com/index.php/financial/oil-math/#comments</comments>
		<pubDate>Tue, 09 Sep 2008 20:08:46 +0000</pubDate>
		<dc:creator>DiamondD</dc:creator>
				<category><![CDATA[financial]]></category>
		<category><![CDATA[gas prices]]></category>
		<category><![CDATA[oil]]></category>

		<guid isPermaLink="false">http://www.razorpress.com/?p=886</guid>
		<description><![CDATA[ok, i just don't get it at all.. i admit, i am not the sharpest pencil in the box, nor will I win any nobel prizes anytime soon&#8230; however, I think I can do simply math&#8230;at least I used to be able to, so let's see what we can get here&#8230; 3 weeks ago: barrel [...]]]></description>
			<content:encoded><![CDATA[<p>ok, i just don't get it at all..</p>
<p>i admit, i am not the sharpest pencil in the box, nor will I win any nobel prizes anytime soon&#8230;</p>
<p>however, I think I can do simply math&#8230;at least I used to be able to, so let's see what we can get here&#8230;</p>
<p>3 weeks ago:<br />
barrel of oil = $120.38<br />
gallon of gas = $3.30</p>
<p>today:<br />
barrel of oil = $99.60<br />
gallon of gas = $3.55</p>
<p>some simple algebra provides this equation:<br />
120x = 99 X 3.30<br />
120x = 326.7<br />
x = 2.72</p>
<p>so according to "math" gas should be 2.72 a gallon&#8230;<br />
anyone paying that????<br />
so, somehow, while each barrel of oil has dropped $20 yet, gasoline has risen some $0.25 a gallon&#8230;</p>
<p>maybe I just missed something, or maybe it is the "oil math" i keep hearing about&#8230;</p>
<p>either way, i call it robbery and price gouging.</p>
<p>of course, you can't ever prove either when it comes to big oil&#8230;</p>
<p>and no, W is NOT to blame for this one&#8230;</p>
<p>i doubt very seriously that someone who the majority of America believes can't tie his shoes by himself has enough power to control how much a barrel of oil costs&#8230;</p>
<p>or a gallon of gas&#8230;</p>
<p>i am just not buying that one&#8230;</p>
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