Quote:
Originally Posted by KSig RC
Then it should be relatively easy to show exactly what % of gas prices are currently related to the refining process, and how (and why) that cost has outstripped inflation by a wide margin over the last, say, 30 years, no?
Or was gasoline a loss leader until 2007?
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A very fast, down and dirt search found this story from the Washington Post:
http://www.washingtonpost.com/wp-dyn...092400253.html
Gas Profit Guzzlers
Refiners Captured The Biggest Part Of the Price Increase
"By
Justin Blum
Washington Post Staff Writer
Sunday, September 25, 2005; Page F01
When the average price of a gallon of regular gasoline peaked at $3.07 recently, it was partly because the nation's refineries were getting an estimated 99 cents on each gallon sold. That was more than three times the amount they earned a year ago when regular unleaded was selling for $1.87.
The companies that pump oil from the ground swept in an additional 47 cents on each gallon, a 46 percent jump over the same period."
And in case no one heard over the weekend, US production plants and their capacities are at there lowest level in years........
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