On Apr 15, 2006, at 11:04 AM, David Ritchie wrote:
Why haven't our gas (petrol) prices doubled? Because the cost of oil is a small percentage of the cost of the final product .
FYI. My father says this is the answer, truer in Europe than here, but still true here. The raw material cost of a gallon of petrol (gas) is still only a small part of the final price. Double the raw material cost and you affect the final price only slightly.
p
_________________ [insert pithy quote here] Paul Stone pas@xxxxxxxx Leamington, ON. Canada
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