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Gas prices: Consumers driving the pain


omg_gas_sign.jpgAs of March 24 2008 the cheapest listed price of gasoline available in Clarksville was $3.08 per gallon for regular grade unleaded (courtesy of with the indication that, for at least the moment, prices can be expected to remain stable. With the price of oil estimated at approximately $101 per barrel at the current moment, one gallon of gasoline costs approximately $2.61 to produce (figures courtesy of Bloomberg MarketData), meaning that there is a 15.26% profit margin being split amongst the relevant parties (and here we thought they were out to get us with unfair profit margins). Unfortunately for the rest of us, prices are likely to continue to increase for the foreseeable future for a variety of reasons which producers are largely powerless to stop. «Read the rest of this article»

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