Culture

Starbucks Latte Prices Hit Record High of $1680 a Barrel

by Crowdish | June 17, 2008 at 07:21 am

837 views | 2 Recommendations | 6 comments

Latte prices hit yet another high today with coffee consumers now paying an average of $3.75 for a 12 ounce latte at their local Starbucks store. With approximately 448 lattes per barrel, the cost of the frothy concoction hit $1680 a barrel - slightly more than 12 times the price of a barrel of oil.

The price of a grande coffee of the day held steady at $1.85 or approximately $829 a barrel while crude oil prices swung wildly in early trading, hitting a high of $134.75 a barrel.

In other news, the price of convenience store Coca Cola hit $1.39 for a 12 ounce bottle or $623 a barrel, while bottled water peaked at $366 a barrel in early trading.

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Crowdish

at 07:59 on June 17th, 2008

fixed it....I think.

generaldecay

at 08:08 on June 17th, 2008

Nearly there. If this is a post which includes material from other sites, could you use the highlight tool? For legal reasons, and for ensuring that members know what they're reading, contributors should always cite their sources and use the highlight tool for this purpose.

Hope that helps.

Rob Peters

at 10:29 on June 17th, 2008

Looks like the text has appeared now, and since it's original content, there's no need for a highlight. I've removed the Needs Improvement flag.

Crowdish

at 09:00 on June 17th, 2008

thx general -

Actually, I was watching CNBC this morning while they were talking about oil prices. Given that I had just filled up my tank and gotten a coffee at Starbucks 15 minutes before, I found it amusing that we make such a big deal about oil prices when, as a society, we are willing to pay 4 bucks for a latte, and 1.25 for a bottle of water.

So I did the math and decided to write about it.