Splendiferous!

So we now have more oil than we expected. Woo.

Let's have some fun with math!

Oil for September costs $61.65 a barrel. There are 42 gallons in a barrel. So a gallon of gas costs about $1.47. Looking at this picture, we can tell that at the beginning of July, gas was about $60 a barrel, or $1.43 a gallon. So why the hell does it cost $2.25 a gallon??

This is why. Since crude oil is supposedly only 54% of the cost, the prices right now aren't too bad. At least in Fredericksburg.

So why the hell is crude oil $60 a barrel when OPEC has been claiming their target price is $40 a barrel?

Let's go back to that story in the beginning.

U.S. gasoline demand is some 2.4 percent higher than a year ago. Car manufacturer General Motors Corp. said sales of gas-guzzling SUVs were at an all-time high in July.

Ahhh, yes. The wonderful logic of the American consumer.

"Gas is too high!" "Yeah, it costs me $50 just to fill up my tank on my SUV that I drive to work." Unless you have to drive off-road to get to your job, you should shut the hell up and buy a reasonable car.

I'm off to go drive my HONDA CIVIC. Haha, 40 mpg suckers!

Just wait til I buy my hybrid.