03-14-2008, 12:53 PM
The market price is the price for all identical products. It does not matter what the historical price was. If people are now willing to pay $100 a barrel, then everybody with petroleum in their tank, in the big tanks under their gas station, and in the ground, can calculate its value based on the market. When you pass a gas station and the price has gone up, maybe you can comfort yourself by realizing that you made a profit on the gas left in your tank.
I find it amusing that we are ranting about the price of gas, but in another thread members were indignant that someone would try to occupy the side of the highway with a bicycle. We should be insisting on bike paths (why not turn the railroad right of way into one) and bike lanes. Admittedly, bike paths will be safer and more pleasant than bike lanes on highways, but you have got to use the roads at some point.
Aloha,
Rob L
I find it amusing that we are ranting about the price of gas, but in another thread members were indignant that someone would try to occupy the side of the highway with a bicycle. We should be insisting on bike paths (why not turn the railroad right of way into one) and bike lanes. Admittedly, bike paths will be safer and more pleasant than bike lanes on highways, but you have got to use the roads at some point.
Aloha,
Rob L
Aloha,
Rob L
Rob L