What\'s up with Diesel prices?

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What's up with Diesel prices?

#10

09-21-2007, 10:18 AM

vstech

DD MOD, HVAC,MCP,Mac,GMAC

Join Date: Mar 2006

Location: Mount Holly, NC

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Quote:

Originally Posted by csp97

I work for an oil refiner, and I will tell you that the cost of production has nothing to do with the price we sell it for. We sell gasoline and diesel for the absolute most the market will pay for it.

We were making $25-$30 per barrel back in May. Right now we're making $10 per barrel. If we could set the price, believe me, it would stay at $25.

as with any business, it's the consumer that sets the price.
since katrina proved that the public will pay 4.00/gallon and up, the refineries will charge and continoue to charge. it hurts economy, but not the oil companies economy.

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