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Doug Winterburn

On 10/05/2014 06:58 PM, wrote:
On Sun, 5 Oct 2014 23:05:11 +0000 (UTC), John McCoy
wrote:

wrote in :

Dunno, $100/bbl is $2.50 per gallon. Add $.50 for tax and you only
have a few cents left to refine it and ship to my town. For the
benefit, I find that a pretty good deal.

Refining, shipping, taxes, and the retailer's profit add up
to about $1.25 a gallon. Those are pretty constant (altho
the cost of shipping does vary some with the price of fuel).
The remainder is the cost of oil.

I don't see how you get $1.25 per gallon.

Let me try this again: At $100/bbl, there is $2.50 in the oil alone
(I doubt there is much more valuable than gasoline in there but if you
have a reference...). At $3.00 per gallon for gasoline, that leaves
only $.50 for refining, distribution, and profit.

http://www.eia.gov/energyexplained/index.cfm?page=oil_refining

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