2007-06-27 06:00:11 · 5 answers · asked by ROBERT D 1 in Social Science ➔ Economics
Wellhead production cost of petroleum is no more than $(US)5/bbl (42 gallons) amortized in producing States. Consumer gasoline in producing States costs $0.15-$1.00/gallon.
2007-06-27 06:07:59 · answer #1 · answered by Uncle Al 5 · 0⤊ 0⤋
There are riots going on in Teheran right now because of gasoline shortages, high prices and rationing. This, with the oil right under their feet and the refineries right down the road! But somehow, it's still Israel's and the USA's fault. Dolts.
2007-06-27 14:58:52 · answer #2 · answered by Glenguin 7 · 0⤊ 0⤋
In Norway (which is tenth largest oil producer and third largest oil exporter in the world), it's about twice as expensive as it is in the U.S. due to high excise taxes.
2007-06-27 13:20:50 · answer #3 · answered by NC 7 · 0⤊ 0⤋
about 30 cents (USD) per gallon
2007-06-27 13:06:23 · answer #4 · answered by Ron S 2 · 0⤊ 0⤋
$10/Barrell
2007-06-27 13:03:32 · answer #5 · answered by Juliu C 6 · 0⤊ 0⤋