What factors contribute to gas prices? [OC]Submitted by USAFacts_Official t3_yl8yag in dataisbeautiful
kilog78 t1_iv2zut0 wrote
Reply to comment by wingfield65 in What factors contribute to gas prices? [OC] by USAFacts_Official
Sorry if I’m being dense, but shouldn’t the cost to refine remain relatively constant whether crude is $50 or $100ppb? Labor, other inputs, maybe regulation would change the cost, but otherwise not related to the cost of crude.
wingfield65 t1_iv3aovb wrote
there's a utility cost to refine crude. utility prices go up when cost of hydrocarbon goes up. I just resigned my electric contract recently and my cost went from 12c/kWh up to around 19c/kWh. that said, agree that the other costs should remain fairly constant over time.
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