Why is the crude oil price 57.00$ but we have to cough up 1.14$ ?

There are 55 gals. of oil in a barrel, this works out to roughly $1.00 per barrel for the rough crude. The oil is then refined, some is lost to make plastics, motor oil, etc., then transported, taxed and held until you are ready to pump it, and each stop along the way somebody gets their cut.Why is the crude oil price 57.00$ but we have to cough up 1.14$ ?
$1.14!!! It's 3 bucks here in Cali. It's a supply and demand issue. There is more demand than the supply can handle. It takes alot to pump the oil out the ground and refine it and get it to the gas stations. By the way, gas stations make very little on gas...maybe a few cents per gallon.Why is the crude oil price 57.00$ but we have to cough up 1.14$ ?
its 57$ a barrel but the 1.14$ would be per gallon
Do you understand how insanely complex the process is to change crude oil into usable gasoline. It takes a lot of energy, and lot of manpower and a lot of transportation. These costs are not negligible at all.
Whoa, where do you live? It's $2.49+ per gallon in Denver (USA).
because of overhead. transportation. feds and state take the biggest chunk of the money. gas here is. $3.23 per gal.
Sounds like you are Canadian...Gas at $1.14/liter or $4.80 cdn/US gallon.





In Canada there are a lot of taxes on the fuel as well price fixing by the oil companies. So if you don't like it, pour some crude oil in your tank and see how far you get.