Originally Posted by rockinbbar
Originally Posted by BayouRover
Some fairly recent reality about crude oil and gasoline.

https://www.eia.gov/tools/faqs/faq.php?id=327&t=9


Ok. Going by that formula...based on crude at $50 per barrel.

Quote
In 2015, refineries in the United States produced an average of about 19 gallons of motor gasoline and 12 gallons of ultra-low sulfur distillate fuel oil (includes diesel fuel and heating oil) from one 42-gallon barrel of crude oil.


19 gallons of gasoline at pump. Minus taxes, is around $1.80 = $36.70 plus 12 gallons of diesel @ around $1.90 before taxes = $22.80 which brings the total to $59.50

Total gross profit = $9.50 per barrel.

Then subtract from that gross profit the lease, pipelines, refinery construction, labor for all of it, transportation, operating expenses (equipment and such), and the drilling bill, cost of the retail outlets...etc.

Yeah, makin' a killin' I tell ya... whistle


Ruh ro!! Don't let modick see that. He believes that oil companies shouldn't make a profit. He's obviously not into free love and world peace with his attitude, but I bet he believes that free gas is a God given right.

It's official. I missed the selfie deadline so I'm Maser's sock puppet because rene and the Polish half of the fubar twins have decided that I am.

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