2 Dec 2022 1:45 pm
As everyone 'knows' that both upstream and downstream are reaping margins to make up for several lean years and to retire large debt overhangs.ConsRule » 02 Dec 2022, 10:01 am » wrote: ↑ Sure...everyone knows the ONLY factor impacting the cost to produce a gallon of gasoline is the cost of a barrel of crude oil. Refineries don't incur any expense for labor, benefits, insurance, transportation, maintenance supplies, utilities, fuel, taxes, etc. Those things are provided to the refineries at no cost to the oil company.
And those retailers don't have any expense related to keeping their locations open and running and can survive on no profit.