Tuesday, April 15, 2008

Is $3.17 paying to much for a gallon of gas?

As someone who has had to buy gas over the last few years or so, i have to agree that i have at some point complained that gas was getting expensive and ridiculous. Matter of fact i used to cherish the days when gas $1.65 or so a few years ago (when i moved to the US) but then i  was amazed when people tell me gas used to $.79 (79 cents or less) a gallon. But then it got me thinking, what is the actually price of gas? How much should i be paying for gas?  With my little knowledge of cost 0f production from microeconomic classes i realized that for me to asses the actual cost of gas, i have to take into account the military budget set aside to protect oil fields, the lives probably lost in protecting these oil fields ( we all know a person's life is beyond any monetary value ), the lives lost since 2003 in Iraq; soldiers and civilians alike (if we agree that the war was for oil), the cost to pay the workers and employees of the oil company, the amount of money for transportation of oil to the refineries and from the refineries to the gas stations and of course the actual refining process. So now i ask myself and in so doing  ask you all that how much do u think is the price of gas? Before you even think of saying I'm crazy of thinking like this, keep in mind that this is the same procedure used to assess any  business venture worldwide by entrepreneurs of any caliber (small and big business alike)- the difference between this cost and the outcome is what we all call gain or profit. Personally i think that it might be more than $3.17 a gallon but now before we can complain, i think we should consider how lucky we might actually be to pay $3.17 giving how much is put into oil production. We should think of the brave men and women over in iraq every time we stop at a gas station when we fill up the car to drive down the street " and cool our heads" when we could just walk. We should think of the lives lost in making sure we pay $3.17 a gallon since 2003 rather than fuss about paying for gas (granted it may be a strain on most of America). Most of all we should count our blessings for being part of a free nation and know that there are people out there who can even afford a single decent meal, let alone a car or gas for its smooth running                                                                                         

1 comment:

Katherine L. Stine said...

This perspective made my head spin as well... I'm still dizzy.