Re: Sorry, last passing of gas I promise
posted on
Apr 23, 2008 03:45PM
One of the interesting ratios is the cost of a gallon as a percent of the price per barrel.
It has varied from of 5.20% in 1999 to the current ratio of approx 3.1% depending on where you live and the exact date of purchase.
Overall is has declined over the years, with some exceptions.
Since the tax is basically a fixed amount, the true gallon price percent may be more constant if the taxes were excluded.
I have tracked this ratio for 9 years based on each time I have purchased gas.