On Sat, 16 Apr 2005 00:53:44 GMT, "Bill McKee"
wrote:

Good article on cost of gas. Look at the Weds, 4/13 column
http://www.sacbee.com/content/politics/columns/walters/

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The wholesale cost of gasoline is widely quoted in financial papers
such as the Wall Street Journal, usually price per gallon based on
some large quantity like a tanker load. Last time I looked it was
around $1.60 net of any highway or local sales tax. Not surprising
that it's well over $2 at the pump given that wholesale level. Nor is
the wholesale price surprising when the unrefined feed stock (crude
oil) is over $1 per gallon. Everyone who touches the product along
the way has to make some money on the transaction in order to stay in
business.