Am I the only one that thinks gas prices are artificially inflated by about $1.00 per gallon? When I look at the cost of crude oil and the cost for refining and distribution, I don't see the increase that has warranted this pricing. Sure, I recognize that Katrina and some of the other natural disasters took a bite out of refining and distribution systems but at $1.00 per gallon increase X the number of gallons sold in the past two years, I think they could have rebuilt the entire infrastructure by now.
And of course there is now the whole ethanol thing taking place. The price of corn and other vegetables are going up. Corn due to the increased demand and the opportunity for windfall profits and other vegetables because farmers are dedicating more land to corn and leaving a shortage of available farmland for these other crops. We end up paying on both ends. That's just great!!!!!
I really had hoped ethanol would be a low cost alternative to gasoline. Cheaper and cleaner; what could be better? But no, soon ethanol will be as expensive or more expensive than gasoline just because of the "supply and demand" concept. What a crock! I will just continue to by gas for my car. No incentive for me to upgrade to a flex vehicle.
Ever ask yourself who is making all the real profits? I guarantee that it is not the station owner or the crude oil folks or the refiners. Who then? Question, isn't oil traded as a commodity? Think about it!
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