Quote:
Originally Posted by stampsx2
So why are gas prices going up 10 cents? Most stations are still at 75 cents but I'm seeing shell and petro canada at 85 cents.
Can anyone explain this? Does someone need a new sailboat?
If at $135/barrel gas was about 1.35/liter, shouldn't it be 45 cents/liter now?
I don't get it.
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Your non-crude costs are relatively fixed. I think they are about 50 cents per liter. Fuel excise tax, refining cost, transport cost, gas station costs etc.
So at $135 per barrel you had about 85 cents per liter crude costs in gas at $45 a barrel you have about 30 cents a liter in crude costs. More or less.