Wednesday, October 13, 2010
Crude makes up over 50% of its cost, followed by taxes, refining, then distribution and marketing. And there’s also the age-old arbitrator, supply and demand, which is based entirely on the whims of the American driving public. Another factor—and one that has been challenged recently—is speculators, thought to have been responsible for the last big increase. One source reports that for every gallon the average barrel of crude goes up, gas will follow for around 2.4 cents.
Hybrid cars…here we come.
Read more here and here.
Posted by Jack Dunning at 8:00 AM