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Tuesday, May 6, 2008 |
The Relationship Between the Price of Crude and the Price of Gasoline
A barrel of crude makes 42 gallons of gasoline. If the price of crude goes up $10, the price of gasoline will go up $0.24. $10/42 = $0.238
If the price of gasoline goes up faster than this, oil companies are exercising some market power and not just passing the increase on to consumers.
10:27:53 PM 
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© Copyright 2008 Nancy B. King.
Last update: 6/10/08; 3:13:09 PM.
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