Little confused - oil per BBL is going down, refined is going up?
Tab
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Mon Jan-26-09 04:02 AM
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| Little confused - oil per BBL is going down, refined is going up? |
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Most price rises, I think, are just representative of political insecurity, but I don't recall a situation (except very short term) where the price of crude was going down while the price of refined was going up... ???
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| TWiley
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Mon Jan-26-09 05:48 AM
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| 1. Labor and services create gasoline from crude |
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There are also taxes and transportation costs. The cost of crude on the commodities market is only part of the expense.
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