Predict the Price of Gasoline from the Price of Crude Oil
The current price of crude oil is about $42/bbl (www.oil-price.net) and gasoline prices are lower than they have been for some time, but over the long term the price of crude oil will be on the rise again and that will drive up the price of gasoline. To help people plan ahead, P. W. Fox has prepared a prediction table, using data provided by the U. S. Department of Energy. Variables included the average proportion of the cost due to the price of crude oil and the amount of profit. Fixed costs are taxes and distribution costs etc. The FREE table is available as a PDF file at no cost at www.pwfox.com .
This table should be used as a general guide only since many factors in addition to the price of crude oil affect the gasoline price.
Published by Wayne Howard
Grew up in various places: Mississippi, Nevada, Japan, Guam. Attended college in MS, graduate school in MS and TX and worked in a variety of industries including Oil & Gas, Mineral & wood fiber products, an... View profile
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1 Comments
Post a CommentNice prediction gauge, and thanks for reminding us that predicting fuel prices isn't a 'hard and fast' science.