Price of Gasoline
Gasoline seemed to go down in price this past week in our neighborhood, from around $3.79 to $3.59 / gallon. And, if that's accurate, this is why. Today's EIA weekly petroleum report: US crude oil inventories decreased but gasoline inventories increased.
Gotta love it. Refiners are operating at 91.3% of their operable capacity (trending nicely); for the past several weeks, less than 88%.
Why is this a surprise? Refiners have transitioned from winter blends to summer blends.
Inflation
Unfortunately I did not catch the screenshot over at twitter but here's a great example with regard to inflation.
Some twit complained that his package of Oreo cookies had increased by a buck ($1.00) "per package" -- undefined.
Okay.
Forty-eight cookies in a package. $1.00 / 48 cookies = 2 cents a cookie. Are you kidding me? The twit is complaining about a cookie increasing two cents in price. Give me a break.
The best price on-line for Target Oreos, regular, family size, 48 cookies: $3.79.
$3.79 / 48 = 8 cents per cookie.
If the twit was eating four cookies/day = 12 days of Oreos.
Cut the number of cookies to three cookies/day = 16 days of Oreos.
$2.79 / 12 = 24 cents/day.
$3.279 / 16 = 24 cents/day.
Daily cost stays the same and the twit might lose some weight and lower his serum cholesterol. Wow, what a win/win.
By the way, let's compare, it's so simple, package of Oreos, family size, regular, 48 cookies:
- Target: $3.79
- Walmart: $3.67
- Amazon: $3.19
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Driving
Almost every weekday night, our middle granddaughter has soccer practice about 20 minutes down the road. I take her and her mom brings her home.
Two round trips four nights every week.
Tonight it stops.
Tonight, I will take her and bring her home. I will take my work and a snack and enjoy the outing.
It's not what a gallon of gasoline costs, it's how much gasoline does one use?
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