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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: GREENLAW4-7 who wrote (102269)6/7/2008 8:17:00 AM
From: Salt'n'Peppa  Read Replies (1) of 206110
 
Greenlaw, your numbers don't add up.

"Here is where he is dead wrong, he say's 150-200 crude = 4 and 5.75 per gallon. We are at 120 crude and we have 4 per gallon, 140 crude is 4.75-5 pg, and 160 crude is 5.50 to 6.25, and 200 crude is easily $7 per gallon."

Don't see how you can project those numbers.
When we had $15 oil, we had a $1 gallon of gasoline.
When we had $30 oil, we had a $2 gallon of gasoline.
When we had $60 oil, we had a $3 gallon of gasoline.
Now we have $120 oil with a $4 gallon of gasoline.

The two have not risen in "lock-step".
The trend has been a doubling in the price of a barrel of oil equates to a $1 increase in gasoline.
My simple math tells me that $200 oil will carry a price under $5.75 (or call it $6 for simplicity) per gallon of gasoline.
I say he is correct.

Time will possibly tell.
S&P
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