[urq] Re: Fuel prices
ur.quattro at verizon.net
Fri May 28 00:33:23 EDT 2004
who decides how many refineries are sufficient for US production? why do we in the US not have enough refinery facilities? the oil refiners! If you think fuel costs are not a good subject for the urq list, what does your URQ run on? tap water? Bill
----- Original Message -----
From: CARDCONSYS at aol.com
To: urq at audifans.com ; Tsp2144 at aol.com
Sent: Thursday, May 27, 2004 2:06 AM
Subject: [urq] Re: Fuel prices
It would seem that this forum is really not one to discuss politics
and fuel prices, but the author of this particular piece is misguided and
uninformed by railing against the oil companies and struck a particular nerve.
There are three main components of fuel prices: cost of production, supply and
demand, and taxes. The main price component in the UK is tax and it is the
politicians that govern it not the supply chain. Pump price in the UK is around 80p
per litre. At 3.8 litres per US gallon and an exchange rate of $1.80 to the
pound that works out at $5.47 per US gallon! In the US we currently pay $2.00
and that includes a relatively small component of Federal and State tax. The oil
companies run a business that like any other is subject to supply and demand
variations, at both ends, and while not perfect in other regards they do not
control the tax component. How about increasing production, reducing
consumption, and decreasing the tax? By the way, considering all the production steps it
goes through fuel is far cheaper per gallon than, say, Perrier which is just
pumped from the ground, through filters, and into a bottle!
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