Nah, not the Chinese fault, they have no control over gas prices, OPEC does... they're trying to say that china, india, etc are responsible..

YouTube - Ever wonder who controls gas prices?

of course they'll say that, more BS they can put out there, longer they can keep up the high oil prices...

China uses a LOT of Coal these days to operate a lot of their fueling.

I'm not sure who they're trying to fool. It's just the old tact of seeking a scapegoat to divert attention away from ones own actions (Hitler used it). US companies set up shop in China. Is there more than one or two things on your body or in front of your face not made in China?

yeh, they're stranded out there, cos there's no where to store the Oil, we got more oil than the US are making everyone believe.

The REAL price seems to be pretty constant, so the idea that ANY foreign body is driving the price up is LUDICROUS on its face! OPEC said there was no shortage, so china and india CLEARLY can't be causing the problem. The idea is SUPPOSEDLY that they caused a shortage which raised REAL prices, but the REAL price hasn't seemed to go up ANYWAY!

SO?

1. The REAL price is the same.
2. China and India aren't responsible for a gas shortage causing a change to the REAL price!

SO?

The problem is inflation, pure and simple! Rather than complaining about the price of gas, why don't you complain about INFLATION!?!?!?!?

Steve

HECK, that video says it is china, india! Or is it OPEC? Or is it the options market? BTW restoring the uptick, which ALSO has a downtick, rule could greatly reduce the LAST problem. The idea is SUPPOSED to be that you can not bet something is going in the direction it is going. So if there is a sudden shortage, you can't gamble that there will be a shortage and, if there is a glut, you can't gamble that there will be a glut.

After all, the ORIGINAL idea was PROTECTING! It was HEDGING! If there is a GLUT of oranges, there is no reason to prepare for a glut. If there is a shortage, there is no reason to prepare for a shortage. You SHOULD prepare for a shortage while there is a glut, and a glut while there is a shortage. Besides, covering in times of great need is WAY too expensive, and defeats the purpose. "traders" want to NEVER really cover! STOCK is ONE thing, but oranges? NO WAY! The idea is supposed to be to bet AGAINST the trend so that if you need to buy or sell, you CAN at the best price. Farmers don't want rotting oranges any more than they want a dead crop.

Steve

they pay with indegestion and foul smelling odors.

Since nobody actually answered your question, I googled. Based on several websites listing prices for March and April 2011, the Chinese were paying around RMB 6.50 per liter. If my math and currency conversions are correct, that works out to about US$ 3.60 per US gallon.

In case you are curious, I just paid the equivalent of US$5.40 per US gallon to fill my little car today, here in Canada (where we produce and EXPORT oil...and are the largest oil supplier to the US, well ahead of Saudi Arabia and other OPEC nations).

G