[lbo-talk] $105 oil?

Doug Henwood dhenwood at panix.com
Sun May 28 19:53:36 PDT 2006


On May 28, 2006, at 10:31 PM, ThatRogersWoman wrote:


> --- Doug quoted:
>
>> Oil could top $105 in major supply outage: expert
>
> The resulting gas prices from $105 oil would, among so many other
> things, gut the ability of workers to get to jobs in major
> metroplexes that are geographically spread out

$105 oil would translate into gas prices of $4.15-5.50 a gallon, based on historical price relationships. The markup now, despite all the complaints about gouging, is actually on the low end (1.66/1 - there are 42 gallons in a barrel of oil); the average is closer to 2.5/1.

Doug



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