Why is it, that in the US, at a Gas Station/Convenience store, A liter of Gasoline/Petrol/Octane (C8H18) costs less than a liter of water (H2O), yet the gas prices are considered horrible enough to be mentioned every day on national news?
10-18-2005 06:23 PM
#1
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10-18-2005 06:26 PM
#2
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Becuase gas has become a "neccessity" of the normal American adult whereas the need for bottled water is laughable. I drink bottled water and it costs about 5c per bottle becuase I simply refill them. | |
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10-18-2005 06:31 PM
#3
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We got tired of laughing at the price of bottled water a long time ago. Gas seems the next logical place to go. | |
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10-18-2005 06:38 PM
#4
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Also consider the cost of a Latte is in the $40/gallon range. | |
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10-18-2005 06:54 PM
#5
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actually i bet if you got bottled water 20 gallons at a time the way you do gas, you could easily get it for about 40c/gal. | |
10-18-2005 07:19 PM
#6
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10-18-2005 07:19 PM
#7
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Latte is also not a driving factor in our economy - though its removal may have a strong effect on a certain demographic of the population. | |
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10-18-2005 07:21 PM
#8
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Gas is cheaper than water because it's not as fun to drink. The logic is simple. | |
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10-18-2005 07:33 PM
#9
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10-18-2005 07:39 PM
#10
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Triptane is the most expensive and sought after fuel. | |
10-18-2005 07:55 PM
#11
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Gasoline is a necessity in America. We cannot live without it. Water, on the other hand, we can. | |
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10-18-2005 08:03 PM
#12
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10-18-2005 08:47 PM
#13
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Here here. Dork doesn't even say "hi" on the tables. Even when you talk about VQ's girl. | |
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10-18-2005 08:48 PM
#14
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I drink more bottled water then my car uses gas. Seriously. | |
10-18-2005 09:13 PM
#15
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actually its 2,4,4-Trimethylpentane... | |
10-18-2005 09:48 PM
#16
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i just took my ochem midterm. |
10-18-2005 10:22 PM
#17
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10-18-2005 10:25 PM
#18
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is it your first or second semester. first semester is easy. | |
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10-18-2005 10:38 PM
#19
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The first, I can understand. The second, my slim education of oil refining from howstuffworks.com tells me that isn't at all the case. But the fact that they fuse the smaller hydrocarbons into octane could tell you something~ | |
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10-18-2005 10:53 PM
#20
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10-19-2005 05:51 PM
#21
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Where I live bottled water isn't a neccessity but you better get a really good RO system or something because the tap water really has a nasty smell and taste to it. Where I grew up well water tasted pretty damn good and city water was fine but where I'm at now I don't consider it an option to drink the tap water. You can't even wash your clothes in it if you don't want them to get a rust coloring. |
10-19-2005 07:37 PM
#22
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Because gas prices are so damn high, that's why. | |
10-19-2005 08:18 PM
#23
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10-19-2005 09:32 PM
#24
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according to king of the hill |
10-19-2005 11:45 PM
#25
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10-20-2005 01:00 AM
#26
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Demand for bottled water is very elastic whereas the the demand for gasoline is very inelastic. Throw in opportunity cost, marginal benefits, utils/$ and some other jargon and i really sound like i know what i'm talking about. | |
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10-21-2005 02:19 PM
#27
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10-21-2005 02:55 PM
#28
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10-21-2005 05:46 PM
#29
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10-21-2005 05:46 PM
#30
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10-21-2005 05:48 PM
#31
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There wont be any fisher projections on my next ochem midterm. yay. |
10-21-2005 05:50 PM
#32
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