On May 7, 3:31?pm, "RCE" wrote:


I really don't think oil companies or politicians have much control over
this.

Eisboch

Oil companies don't control what they charge for refined products?

A 42 gallon bbl of oil produces about 20 gallons of gas and about 7
gallons of diesel- along with some other petroluem products that are
sold at a profit.
Even *if* the entire cost of raw materials was passed through solely
to the gasoline consumer, (and it certainly isn't), a $1 jump in the
price of a barrel of oil would only ad 5 cents to the price of a
gallon of gas. Even under a ridiculous scenario where diesel and misc.
petroleum products got a free ride on the back of gasoline, the $10
increase in a bbl of oil since January
should result in a 50-cent run-up, not $1.25. In reality, the raw
materials cost is spread to diesel and other refined products so the
increased cost of crude oil reflected in the price of a gallon of gas
is probably closer to 30-cents (not 50) since January.