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Originally Posted by Tru2Chevy
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Originally Posted by Fastbird
I believe TSAR has got it. Â*I keep track via Fox News and CNN and they kept reporting consistently for the past two weeks that the wholesale price of gasoline was dropping and dropping. Â*Last I heard it was at somewhere between 1.96-2.01 just a couple of days ago.
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Well, I'm not sure what that rate implies, but it sure as hell isn't the rate that gas stations pay for their gas. My dad's station has been on an informal list of the top ten most expensive station in NJ for the last 3-4 years, and they average $.10-$.12 profit on each gallon of gas that they sell.
Maybe that's the average price that refineries are getting when they sell to the oil companies?
- Justin |
it could also be the cost of crude (unrefined) oil... and gasoline is a far cry from crude oil. Â*so much processing has to happen before they can extract gasoline, which is why it's not just production of crude that drives the price up, but also the refineries getting their vig.