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What the he!@ is going on here
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<blockquote data-quote="BAGTIC" data-source="post: 501747" data-attributes="member: 3757"><p>$90 a barrel oil works out to $2.14+ per gallon. Remember that is crude, at the wellhead. It doesn't include transportation, refining costs, delivery costs to the station, taxes, retail profits, etc. I paid $2.78 a gallon yesterday. That is a 64 cent per gallon mark up.What other business operates on a 30% markkup? Have you checked the price of bread, produce, bottled water, etc. compared to the costs of the raw materials that go into them?</p><p></p><p>When I was studying marketing in college (many years ago) it was assumed that the retail price of most products would be 300-500 % of actual production costs.</p></blockquote><p></p>
[QUOTE="BAGTIC, post: 501747, member: 3757"] $90 a barrel oil works out to $2.14+ per gallon. Remember that is crude, at the wellhead. It doesn't include transportation, refining costs, delivery costs to the station, taxes, retail profits, etc. I paid $2.78 a gallon yesterday. That is a 64 cent per gallon mark up.What other business operates on a 30% markkup? Have you checked the price of bread, produce, bottled water, etc. compared to the costs of the raw materials that go into them? When I was studying marketing in college (many years ago) it was assumed that the retail price of most products would be 300-500 % of actual production costs. [/QUOTE]
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What the he!@ is going on here
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