Just to take the construction analogy a little further- the one factor is the labour. A guy can charge as little as he wants to do a job; if he wants to do it for $7/hour, then he can.
Perhaps a better comparison would be the cost of something like cement. Last year I was able to buy it for $140/ m3. This year I'm looking at around $200/ m3. Now some of it is cost of fuel, but not all of it.
I'm still not saying I like what the oil companies do, but I have to admit there have been some good points made.
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