View Single Post
Old 06-23-2008, 09:19 PM   #16
Lil bastard
Registered User
 
Lil bastard's Avatar
 
Join Date: Feb 2008
Location: Du Monde
Posts: 2,199
I don't think you can look at the price/profit for a gallon of gasoline, but rather look at the breakdown of the profit on a 42 gal. barrel of crude.

One barrel of refined crude yields, in addition to Gasoline, Diesel Fuel, #2 Heating Oil, Jet Fuel, Kerosene, Propane, Motor Oil and assorted Petrochemicals.

When all these are factored in, the Oil Cos. are doing just fine - yielding a little over $70/Bbl profit. At today's wholesale prices, that hovers near 50% of the market price (especially when you factor in Oil Depletion Allowances)... that's more than a reasonable profit margin.
__________________
1990 Porsche 964 Carrera 4 Cabriolet
1976 BMW 2002
1990 BMW 325is
1999 Porsche Boxster
(gone, but not forgotten)
http://i933.photobucket.com/albums/a...smiley-003.gif

Never drive faster than your Guardian Angel can fly!

Last edited by Lil bastard; 06-23-2008 at 09:22 PM.
Lil bastard is offline   Reply With Quote