It had risen to $5.04/gal not long ago. Still, with oil at only $85/
barrel and the drop in demand since summer, gasoline should be a LOT
cheaper, like $3.65/gallon, even with the taxes. Meanwhile, the
refiners are crying poverty. So where is the money going? The cost
of production of the oil is low, about $36.00/barrel.
- posted 7 years ago