Monday, January 12, 2009

Sunday January 11th, 2009 gas prices at the Chevron on Garnet in Pacific Beach. In this world of $38 dollars a barrel of oil...

What the hell is Chevron thinking? That's what they were charging when oil was $60 a barrel.

42 gallons of oil in a barrel at 38 dollars.
21 gallons of that oil becomes gas.
3 dollars a gallon of gas.
Thats 60 bucks of income on gas from the barrel that Chevron paid 38 dollars for. You buy 13 gallons of gas and you've covered the costs of a barrel of oil.
They've nearly doubled the profit they were making in Feb 2007.

Anyone wondering how they are making record profits, every quarter, for any company on this planet?

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