Originally Posted by
The Duke
The bottom line: oil is still very cheap. $100/barrel is nothing. Divided into coffee cups, that's 14.9 cents per cup. Is there anything in the world that we consume that we pay so little for? Heck, most of us casually walk up to a Starbucks and throw down at least 2 bucks for a cup of coffee.
Expanding on Duke's numbers: There are 10.6, 12 oz cups of coffee in a gallon. Multiply that by 55 gallons per barrel gives 586 cups of coffee. At Starbucks' rate of around $2 per cup, that would be $1173 for a barrel of Starbucks coffee. Either oil is cheap or Starbucks coffee is outrageous and I need to get a life.
