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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (7651)	5/22/2008 4:11:10 PM
From: LTK007	Respond to of 71475

i myself doesn't know:) Max

To: sea_biscuit who wrote (7651)	5/22/2008 4:11:59 PM
From: Cal Amari	Respond to of 71475

I don't have an exact calculator, but have heard that $200/bbl crude translates into roughly $8/gal gas without any taxes. That would suggest $2 increase per gallon of gasoline for every $50 increase per barrel of crude. Addition of taxes and other expenses may increase those amounts substantially. Note also that the crack spread (difference between crude oil pricing and gasoline pricing) can vary substantially with time. The U.S. has little spare refining capacity. If another hurricane hits major refineries along the Texas or Louisiana coasts, then gasoline prices might spike much more than crude pricing based on limited refining capacity.