High Gas Prices

One barrel of crude oil equal 44 gallons and yields about 20 gallons of Gasoline, plus other products such as Kerosene, Diesel fuel, Lubricating oil and other byproducts.
To refine crude oil into motor fuel is no small effort compared to what it takes to sell bottled water, milk or orange juice.

Not so long ago a gallon of gas sold for a dollar, named brand bottled water sold for $1.25, milk and orange juice even more. Today at our local supermarket bottled water was 99 cents a gallon, milk was $2.99, orange juice was $3.39 and down the road gas was $2.35 a gallon (Before I could finish this article gas jumped to $2.50 a gallon), that means milk and orange juice still cost more.

So what is the significance of this? Simple put, if you what more milk…raise more cows, more orange juice…plant more orange trees, more and cheaper gas … not so simple, now that China is on the move with a population of about 1.3 billion compared to about 300 million for the United States.