Tuesday, March 11, 2008

It's A Deal-Sort Of

I'm sure this is not news to anyone. But oil closed at another new high yesterday. According to Bloomberg.com energy prices, West Texas Intermediate closed up $2.75 / barrel at $107.90 / barrel. Also Reformulated Blendstock for Oxygenate Blending (RBOB) futures on the New York Mercantile Exchange closed at $2.7099 per gallon. Add to that about 40 cents plus for taxes and profit and you're looking at unleaded gas hitting $3.20 or more per gallon. This is not good news.


I did find a good deal last night though. I was nearly on fumes and desperately needed to refill my tank. I stumbled upon the local Wal-Mart and discovered they were still selling unleaded for $3.05 a gallon then you get a 3 cents discount per gallon for using their card. I ended up spending $75.00 for gas last night. That was for me and Julie's car. Afterwards, I couldn't believe the words I uttered, "Gee, $3.02 for gas was a good deal!" Even the truck stop nearby the house was $3.09 a gallon.


When I started driving years ago I paid 30 cents a gallon. I also got paid $1.00 an hour. I guess it's all a wash.


© 2008 Barry T Horst

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