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echo: crossfire
to: Ross Cassell
from: Mimi Gallandt
date: 2008-11-04 18:08:40
subject: The price of oil... and g

Ross Cassell -> Bob Klahn wrote:
 RC> Hello Bob!

 RC> 03 Nov 08 22:59, you wrote to Tom Walker:

 BK>>  If it cost them $40/bbl to pull the oil out of the ground, and
 BK>>  it sells for $65/bbl, and they process it and make a profit at
 BK>>  $2/gal, then they are making at least 100% profit at $4/gal.

 RC> and do the oil companies set the price of gas or do the commodities market?

I don't know about the rest of the country but gas is below $3 in SoCal.

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