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The Water Cooler
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Are low oil prices helping or hurting you?
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<blockquote data-quote="reade" data-source="post: 2781300" data-attributes="member: 25478"><p>There are just as many gallons of gas in a barrel of crude regardless of it's price. I'm talking about percentage of profit and I think it's higher now than when oil was $90.00.</p><p></p><p>Just looked to see and find,</p><p></p><p><em>Refineries in the United States produced an average of about 12 gallons of diesel fuel and 19 gallons of gasoline from one barrel (42 gallons) of crude oil. </em></p><p></p><p>If you can sale gas for the same price as when oil was $60.00 a barrel and you are buying that same barrel for $43.00 I think you should be making a higher percentage of profit. Or gouging the consumer. For some reason QT is getting the blame? QT buys the gas from a refinery, the refinery sets the price paid. There is no QT where I live and I'm seeing $2.70+ a gal. My wife used to work for a bulk agent and from what I understood (at the time anyway) the price at the pump was only pennies per gal above cost. Maybe not now, I don't know but I'd assume not much has changed.</p></blockquote><p></p>
[QUOTE="reade, post: 2781300, member: 25478"] There are just as many gallons of gas in a barrel of crude regardless of it's price. I'm talking about percentage of profit and I think it's higher now than when oil was $90.00. Just looked to see and find, [I]Refineries in the United States produced an average of about 12 gallons of diesel fuel and 19 gallons of gasoline from one barrel (42 gallons) of crude oil. [/I] If you can sale gas for the same price as when oil was $60.00 a barrel and you are buying that same barrel for $43.00 I think you should be making a higher percentage of profit. Or gouging the consumer. For some reason QT is getting the blame? QT buys the gas from a refinery, the refinery sets the price paid. There is no QT where I live and I'm seeing $2.70+ a gal. My wife used to work for a bulk agent and from what I understood (at the time anyway) the price at the pump was only pennies per gal above cost. Maybe not now, I don't know but I'd assume not much has changed. [/QUOTE]
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Are low oil prices helping or hurting you?
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