Quote:
Originally Posted by ken0042
I suppose one might also make the assumption that the remaining product is not simply discarded.
Ok, let's simplify this. I can't fathom why crude oil is so expensive.
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No doubt - that is why I said to discount where gasoline falls in the value chain. As far as I know, and I'm no crude guy, gasoline would be towards the top of value chain, i.e. the only thing more valuable would be the high energy fuels like kerosene (jet fuel). Diesel, fuel oil, asphalt and losses due to the refinery process would all be worth less than gasoline.