Reflections on the "New American" Revolution
Saturday, February 21, 2004
CA Pump Prices Sting -- and Could Get Worse: "California refiners are pocketing about 70 cents for each gallon of gasoline they sell - after subtracting the cost of crude oil, their single largest expense. Kloza called the situation 'very extreme,' noting that the gross margin earned by the state's refiners is typically around 25 cents a gallon. "
70 Cents per gallon is a huge margin. Will the Schwarzneggar administration do anything about this?
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