AeroWesty From United States of America, joined Oct 2004, 20822 posts, RR: 61 Posted (10 years 1 month 6 days 18 hours ago) and read 1521 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 (10 years 1 month 6 days 17 hours ago) and read 1499 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.