] The WSJ notes that high oil prices is crimping SUV sales. ] The big, inefficient and deadly vehicles (which always ] seem to be in my way) are Detroit's most profitible cash ] cow. Don't think the secular bull market in energy over ] the past few years hasn't contributed to GM's woes. ] ] And yet, Gasoline remains cheap. That's right, it is a ] relatively inexpensive commodity. It takes 100 million ] years to create; Then it needs to be explored and found, ] drilled into and pumped out of the ground, shipped, ] refined in gasoline, then transported to your local gas ] station where some guy pumps it into your car for about ] two and half bucks a gallon -- and thats for high octane ] premium. Follows with a fun table ("Other 'Refined' Products Compared to Gasoline") The Big Picture: Cheap Gas |