Quote:
Originally Posted by 8gv
The cost of the raw material for gasoline has come down greatly.
The price you pay at the pump includes refining and taxes.
I doubt those costs have declined much if any.
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Agreed...
Suppose you want to make a grilled cheese sandwich. You go to the store and buy cheese (crude oil), bread (refining), and butter (taxes). If each of these cost $1, your sandwich costs $3 to make. Now suppose cheese is on sale for half price. The cost of your sandwich went down to $2.50, not $1.50 because the other ingredients still cost the same.