AeroWesty From United States of America, joined Oct 2004, 20322 posts, RR: 63 Posted (8 years 10 months 1 week 6 days 13 hours ago) and read 1069 times:
As US oil companies bought up 20 shiploads of European petrol yesterday, the wholesale price of petrol on the Rotterdam spot market soared to a record of $855 a tonne (more than $100 a barrel), up more than 20% in two days and something experts said would feed through to the forecourt within days.
Cfalk From , joined Dec 1969, posts, RR:
Reply 3, posted (8 years 10 months 1 week 6 days 12 hours ago) and read 1047 times:
That's for processed gasoline. Gasoline usually costs about $0.60 more per gallon, and there are 55 gallons in a barrel, which equals an extra $33. With oil at around $70 per barrel, gasoline will of course be over $100.