25% across the board on raw inputs would bring current $70 WTI barrels to $87.5, and we’ll pretty solidly see a price floor of $4/gal from our current nation average around 3.20
That’s being extremely charitable. This gives them an excuse to raise prices, and I would be shocked if they didn’t throw another 5 or 10% on top in the name of profits.
That’s why I called it a price floor accounting for solely the change in crude oil. Multiple inputs for gasoline (equipment, naptha, various hydrocarbon mixers, etc) also are imported and exported depending on market availability and will all cumulatively add to the price at the pump, which companies will absolutely add a profit kickback on top.
25% across the board on raw inputs would bring current $70 WTI barrels to $87.5, and we’ll pretty solidly see a price floor of $4/gal from our current nation average around 3.20
That’s being extremely charitable. This gives them an excuse to raise prices, and I would be shocked if they didn’t throw another 5 or 10% on top in the name of profits.
That’s why I called it a price floor accounting for solely the change in crude oil. Multiple inputs for gasoline (equipment, naptha, various hydrocarbon mixers, etc) also are imported and exported depending on market availability and will all cumulatively add to the price at the pump, which companies will absolutely add a profit kickback on top.