[PRCo] Fwd: Inflation

[Fred Schneider]

Here is what my friend Alan Schneider ... no relation ... said in  
response to my comments.
Fred Schneider

Begin forwarded message:

> From: "alschneider2 at juno.com" <alschneider2 at juno.com>
> Date: April 5, 2008 9:41:52 PM EDT
> To: fwschneider at comcast.net
> Cc: trams2 at comcast.net, bbente at bellsouth.net, pittsburgh- 
> railways at dementia.org, alschneider2 at juno.com,  
> philgcraig204 at yahoo.com, jdeshlemanmd at aol.com
> Subject: Re: Inflation
>
> I believe we produce about 1/3 rd of the crude we use.
>
> The chemical industry has become more efficient over the years, so  
> the real cost of making gasoline from crude has declined.  Crude is  
> still priced in dollars, so to a degree the fall of the dollar  
> hasn't affected the price of crude as much as it should.
>
> The oil industry can now make more gasoline from a barrel of crude  
> than ever before, and diesel, which in the fifties was only a few  
> cents a gallon, is now more expensive than gasoline primarily  
> because we now send the diesel to Europe in exchange for gasoline  
> (their cars run more on diesel than gasoline, and we do the opposite).
>
> Gasoline taxes (Federal, state, and local) haven't risen with  
> inflation.
>
> You don't get any service when you go to the gas station - do it  
> yourself saves money.
>
> The gasoline you get is better than in the fifties - no lead and  
> some very important engine protecting and environment protecting  
> additives.
>
> All in all, gasoline is roughly at the same real price as when I  
> was a kid in the 1950's.
>
> For whatever it's worth, I'm a chemical engineer.
>
>            Alan
>
>
>
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