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The Water Cooler
General Discussion
Are low oil prices helping or hurting you?
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<blockquote data-quote="Nraman" data-source="post: 2781311" data-attributes="member: 10001"><p>There are several factors involved, a barrel doesn't turn in to gas only, you only get about half if I remember right and then you have refinery costs that are not part of the crude price, transportation to gas stations, local, State, Federal taxes that are the same regardless of oil prices and of course if you have a dominant chain of gas stations, they will have more control of the prices than if you have lots of independents.</p><p>Senator Inhofe has accused retailers of manipulating prices, I think one of his complaints was that they raise the prices faster than they lower them compared to the oil prices.</p></blockquote><p></p>
[QUOTE="Nraman, post: 2781311, member: 10001"] There are several factors involved, a barrel doesn't turn in to gas only, you only get about half if I remember right and then you have refinery costs that are not part of the crude price, transportation to gas stations, local, State, Federal taxes that are the same regardless of oil prices and of course if you have a dominant chain of gas stations, they will have more control of the prices than if you have lots of independents. Senator Inhofe has accused retailers of manipulating prices, I think one of his complaints was that they raise the prices faster than they lower them compared to the oil prices. [/QUOTE]
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